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Mining

 

news by category: Mining

Found 42 articles.

Displaying 21-30 out of 42 results.

Dodging Dodd-Frank

Lobbyists failed to dilute the strong disclosure requirements that are now law in the USA but the transparency battle still rages in Europe

The American Petroleum Institute, a major oil industry association, and other pro-business groups are challenging the Dodd-Frank Wall Street Reform and Consumer Protection Act. Maj...


Opacity for all

In August, the United States Securities and Exchange Commission published its 236-page guide to the operation of Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Prot...


The Glencore-Xstrata merger

Two of the world’s biggest mining and trading companies are joining forces to launch new ventures in West and South Africa

A new African empire stretching from the Sahara to South Africa is in the making as Glencore and Xstrata, two giant mining and trading companies, finalise their plans to merge into...


Companies fight regulation

New US laws and planned European regulations are coming under fire from well-organised oil and mining lobbyists

Extractive industries don’t always like compulsory disclosure requirements. Companies are now fighting a rearguard action against recent United States and European Union legislatio...


The gamble for Simandou

Brazilian mining conglomerate Vale is keeping its operations under close review, after threatening to sell its investments in Guinea last month. After tough talks with its minority partner and President Alpha Condé’s government, Vale has for now pulled back from the brink. Yet it still has grave misgivings about the terms and conditions of a project in which it may have to invest as much as US$10 billion for a stake in one of the world’s richest iron-ore mines.

The financial firm JP Morgan estimates that Simandou’s Vale-controlled blocks can produce 50 mn. tonnes of ore annually by 2020. That compares favourably with the output of South ...


Condé drives a hard bargain

Before parliamentary elections in November, the government is rewriting the mining code and reviewing contracts

Beyond the bonhomie and the stream of foreign dignitaries trooping to see President Alpha Condé in Conakry, evidence is emerging of grand corruption in public works and mining cont...


How honesty can cost jobs

Local officials and Western companies argue about new regulations on conflict minerals which they say could worsen economic hardship

Unemployment among artisanal miners is rising as nervous electronics manufacturers, such as Apple and Intel, source fewer imports from them. Many companies are acting on a precauti...


Feast ore famine

The Tonkolili iron-ore mine looks set to make a billionaire of Frank Timis but the dividend for the nation is less sure

Sierra Leone will start earning hundreds of millions of dollars from taxes when iron-ore production begins in November. At least that is what the controversial British-based mining...


Glencore connection

The serenity of Glencore’s Initial Public Offering on the Hong Kong and London Stock Exchanges remains undisturbed by revelations of inflated costs and transfer-pricing by Zambia’s...


Displaying 21-30 out of 42 results.