Mining, oil & gas

Down to Earth No. 72 March 2007

The Toka Tindung gold mine project is now in doubt after strong opposition to Meares Soputan Mining's plans to build an open pit gold mine in a sensitive coastal area and dump mine waste into Rinondoran Bay.

A major blow came when an environmental hearing in August 2006 forced the company to alter its plans to instead use the more expensive option of disposal of tailings on land.

Down to Earth No. 71, November 2006

Freeport McMoRan Copper and Gold, operator of the Freeport-Rio Tinto gold and copper mine in West Papua, has been dropped from the US$240 billion Norwegian government pension fund for ethical reasons.


DTE Factsheet, May 2006

What is FDI?

Foreign Direct Investment (FDI) is an important feature of an increasingly globalised economic system. It occurs when a company based in one country makes a long-term investment in a company located in another country. The 'home country' company may gain partial or total control of the 'host country' company. The direct investor does this by purchasing an existing overseas enterprise, providing capital to start a new one or buying 10% or more of it.

Down to Earth No 68  February 2006

Despite protests from NGOs, the Asian Development Bank has approved a loan for BP's giant Tangguh gas project in West Papua.

In December 2005, the Asian Development Bank (ADB) decided to put US$350 million towards the $5.5 billion gas extraction and liquefied gas processing plant, now being developed by Anglo-US multinational BP, in Bintuni Bay, in the western part of West Papua.

This project has attracted critical attention because of the actual and potential impacts on local people and the e

Down to Earth No 67  November 2005

by Roger Moody

International Books 2005, pp322 Available from info@minesandcommunities.org

Political risk insurance and export credit guarantees are not terms that normally grab people's interest - except those working in the financial sector. The Risks We Run should change this. This book shows how political risk insurance (PRI) helps to make the world safe for investors.

Down to Earth No 67  November 2005

August 5th saw the opening of the Indonesian government's first ever pollution case against a major mining company.

Down to Earth No 67  November 2005

Indonesian civil society organisations are calling on parliament to delay deliberations on the Mineral and Coal Mining Bill and to focus instead on passing a new umbrella law on natural resource management.

The mining bill, is designed to replace the 1967 mining law, which was passed during the early years of former President Suharto's rule and opened the door to foreign investors in the sector.