Tag: Rio Tinto

Mining firms targeting Brazil indigenous lands: report

RIO DE JANERIO, Brazil (AFP) – Major mining companies are seeking to expand to currently protected indigenous lands in the Amazon rainforest, bolstered by billions of dollars in financing from international banks and investment firms, a report found Tuesday. Nine mining giants including Brazil’s Vale, Britain’s Anglo American and Canada’s Belo Sun have filed applications seeking authorization to mine on indigenous reservations in Brazil — even though that is currently illegal, said the report by […]

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Australia vows to sell coal ‘for decades’

SYDNEY, Australia (AFP) – Australia said Monday it will sell coal for “decades into the future” after spurning a pact to phase out the polluting fossil fuel to halt catastrophic climate change. More than 40 countries pledged to eliminate coal use within decades during the COP26 UN climate summit in Glasgow, which aims to cap the warming of Earth since the Industrial Revolution to between 1.5 and 2.0 degrees Celsius. Australia, along with some other […]

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Stocks rally shows signs of flagging

NEW YORK, United States (AFP) — The global stock rally showed signs of petering out Thursday as oil prices stagnated and analysts expressed worry that another bout of selling could be imminent. After three straight days of solid gains, US stocks closed lower, with the Nasdaq down the most at 1.0 percent. London also lost 1.0 percent with metals and oil equities falling sharply after Wednesday’s bounce. Frankfurt gained 0.9 percent, while Paris edged up […]

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