mining

Mining Companies Don't take into account the cost of community conflicts

Source: Wall Street journal written by Ryan Dube

LIMA, Peru—Mining and hydrocarbon companies are failing to take into account the full cost of community conflicts, which are a major risk for resource projects world-wide, according to a new study released Monday.

The study, which was published in Proceedings of the National Academy of Sciences in the U.S., looked at 50 projects around the world that have faced community opposition.

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Poverty rises amidst gold

By Catherine Wilson for Inter Press Service

Photo: Villagers in Papua New Guinea point to their village destroyed in a landslide from a quarry being excavated for a liquefied natural gas project. Credit: Catherine Wilson/IPS

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World Bank Admits: 'Economic Growth' in Africa = Resource Extraction, Inequality, Poverty

New report shows so-called growth is 'bleeding Africa dry'

By Sarah Lazare

Africa's so-called growth is heavily dependent on exports of goods like oil, which siphon wealth out of the country.

(Photo: The Global Poverty Project)

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Why Private Sector Minimum Wage-Earners are Missing Out on Resource Boom

By Dr. Odongo F Odhuno*

PAPUA New Guinea (PNG) is one of the fastest growing economies in the Pacific region. And in terms of the country’s current and future economic growth, PNG workers too expect to have a fair share of the benefits associated with the accelerating pattern of growth.

Booming Economy

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Agriculture vital to PNG

Source: The National / PACNEWS

Recent increased developments in the extractive industry have left the agriculture sector to near collapse, says  Papua New Guinea Agriculture Minister Tommy Tomscoll.

Tomscoll said despite that, the agriculture sector has always been the backbone of the economy.

He said as a way forward he would encourage the government to shift their focus from the mineral sector to redevelop the agriculture sector and other sustainable industries such as fisheries and tourism for sustainable economic growth.

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Government rushing new mines and laws without knowing costs and benefits

ACT NOW! media release

The government is rushing major new mines without properly understanding the costs and benefits of an export led economy or the possible alternatives.

Community advocacy group ACT NOW! wants the PNG government to commission a proper study of the full costs and benefits of existing mines and other natural resource industries before committing to continue along the same development path.

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CLRC Issues Paper on mining tailings disposal available here

via PNG MIne Watch

The Constitution and Law Reform Commission has published an Issues Paper on Environmental and Mining Laws Relating to Management and Disposal of Tailings by the mining industry in PNG.

Download your copy below.

Any interested persons or organizations are invited to provide a submission or comments on the Issues Paper before the deadline of 30 September 2013.

Papua New Guinea is one of the few countries in the world that still allows the dumping of toxic mine tailings into its rivers and oceans.

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The Art of Diplomacy

Diplomacy. People associate the word with foreign policy, international relations, economic ties and men and women in business attire, shaking hands, signing agreements and university degree holders.

Such an elaborate sounding word, when really it’s the simple art of negotiating. “I have something you want and you have something I want so let us sit down, have a chat and impress and try to woo each other!” and at the end of it the better negotiator will have the better end of the bargain.

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Miners Owe East Timor Millions in Unpaid Taxes

via Radio Australia News

Potentially billions of dollars of tax is being withheld from the government of East Timor by some of the world's richest oil and gas companies operating in the Timor Sea, Four Corners has revealed.

 

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