Rio Tinto managers sentenced to prison for bribery
GenevaLunch News Four senior executives with Rio Tinto have been sentenced to prison terms varying from 7 to 14 years and fines. Personal assets of two of the men have also been confiscated. The four...
View ArticleWorst US mining disaster in years takes 25 lives
GenevaLunch News An explosion of unknown origin at a coal mine in West Virginia killed 25 workers and four are still missing. The disaster is the worst at a US mine since 1984. Methane gas, which the...
View ArticlePeruvian President accuses wildcat mining of mine collapse
GenevaLunch News GENEVA, SWITZERLAND – Peruvian President Ollanta Humala says informal mining was responsible nine miners trapped in a copper and gold mine following the cave-in of a horizontal shaft 5...
View ArticleGlencore protests Bolivian mine nationalization
GenevaLunch News GENEVA, SWITZERLAND – Swiss commodities giant Glencore is angered by the nationalization of a tin and zinc mine in Bolivia, saying it would seek “just” compensation for the act. The...
View ArticlePeruvian villagers sick from toxic spill near copper mine
GenevaLunch News Swiss company Xstrata one of mine owners LIMA, PERU – The Peruvian environment ministry is expected to release medical results Saturday 4 August following a chemical spill in the north...
View ArticleFinancial results: Nestlé up, Xstrata down, Swisscom hurt by franc
GenevaLunch News ZURICH, SWITZERLAND – Nestlé confirmed Thursday 9 August it expects 5-6 percent organic growth for 2012, after posting half-year results that show 12.9 percent organic growth in...
View ArticleS Africa, Peru gov’ts shift stances in conflicts with miners
GenevaLunch News S Africa drops murder charges, Peru lifts state of emergency GENEVA, SWITZERLAND -S Africa announced Sunday that it is dropping murder charges against 270 miners under an apartheid-era...
View ArticleGlencore says Xstrata offer is final
GenevaLunch News GENEVA, SWITZERLAND – Baar-based commodities giant Glencore said Monday 10 September that its $36 billion bid for remaining shares in Xstrata would be final, after talks on the merger...
View ArticleXstrata board nods deal with Glencore
GenevaLunch News GENEVA, SWITZERLAND – The board at mining giant Xstrata gave its approval Monday 1 October to a £21.9 billion takeover bid by commodities trader Glencore, and recommended that its...
View ArticleXstrata shareholders join Glencore’s to approve merger
GenevaLunch News Zug-based conglomerate to be world’s fourth largest mining company GENEVA, SWITZERLAND – Xstrata shareholders followed their Glencore counterparts to approve a merger valued at $67...
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