Dear All,
The current edition of Mining Monitor published by the Sydney based
non-government organisation, the Mineral Policy Institute, is now online
at www.mpi.org.au
Stories include:
* RIO TINTO REPORTS CONCEAL KELIAN SCANDAL: the worlds second largest
mining company, Rio Tinto, has concealed from shareholders adverse
findings by an independent investigation into serious human rights abuses
at its 90% owned subsidiary, Kelian Equatorial Mining in Indonesia. The
findings were not disclosed in its audited social and environment report
and subsequent shareholders reports.
* AUST EYES ON TIBET PROSPECTS: The Australian based mining company, Sino
Mining International (SMI), is looking to develop major mineral fields in
Chinese occupied Tibet. In conjunction with a number of other major
companies - including Pasminco, Billiton, Cominco and Anglogold - SMI is
looking to develop a database of mineral deposits along the China-Tibet
frontier including the entire Yangtze Basin.
* LONG ARM OF THE LAW MAY GET LONGER FOR COMPANIES: Legislation that
would regulate the overseas activities of Australian companies -
including labour, environmental and human rights standards - has been
introduced to Parliament and will be the subject of public hearings over
the next few months.
* NO BARK NO BITE FROM CORPORATE WATCHDOGS: the Australian Securities and
Investment Commission, the main Australian corporate regulator, is the
subject of increasing criticism from environmental groups for its failure
to require companies to fully inform the sharemarket of environmental
liabilities, even after major disasters such as caused by an Australian
company in January last year.
* A BEGINNERS GUIDE TO MINERAL EXPLORATION: Ever wondered exactly what
is involved in a mineral exploration program? This is a basic guide
explaining how a company undertakes a mineral exploration program.
* A PLEA FROM A PROGERA LANDOWNER: Global mining giant, Placer Dome, runs
the Porgera gold mine in the highlands of Papua New Guinea. For over ten
years the company has been dumping heavy metal laced tailings into the
Strickland River and resisted calls to end the practice. A Porgera
landowner makes a pleas for the company to change its ways.
* SHELL ADS BACKFIRE ON WWF: a corporate sponsorship deal between the
World Wildlife Fund New Zealand and Shell backfired when it was revealed
WWF were considering offering the oil company a position on their
board.
* ARE MINING COMPANIES PART OF A DINOSAUR ECONOMY: The mining industry,
once the darlings of the investment community, are now being shunned. The
change has major consequences for the mining industry and the power it
weilds over social and economic policy.
And much more including reviews of new reports on mining, Shell's
controversial project targetting the mangroves in Bangladesh, the
collapse of another Boliden tailings dam in Sweden or Chevron losing a
legal action in the US.
Bob Burton
Editor
Mining Monitor
Bob Burton,
PO Box 157
O'Connor ACT 2602
Australia
Ph/Fax 02 6247 4072
International 61 2 6247 4072
Email [EMAIL PROTECTED]
Please note my new email address is [EMAIL PROTECTED]
- the old one - [EMAIL PROTECTED] - will remain in action for a while
yet though
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