The failure of the Mount Polley tailings dam on August 4th 2014 in Canadian British Columbia, is considered to be one of the most damaging environmental catastrophes in coal mining. 4.5 million m3 of toxic mud and 10 million m3 of untreated wastewater flowed flooded out of the tailings dam and into the surrounding environment. ... →
After months of negotiations, the sale of Glencore’s Peruvian copper mine Las Bamba to the Chinese state owned company China Minmetals Corp, or specifically its subsidiary MMG, has been completed (April 2014). At $5.85 billion it is one of the largest Chinese investments in the commodities sector.
The Chinese investors are planning an increase in the production of copper with Las Bamba and Toromocho mines producing 400,000 tonnes of copper per year in the next five years, starting mid 2015.(1) With this takeover, China now controls 33% of the investments in Peruvian copper production companies (3). ... →