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Book Review - THE RISKS WE RUN: Mining, Communities and Political Risk Insurance

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.

Newmont called to account

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.

Call for new mining law to be delayed

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.

Constitutional Court bows to pro-mining pressure

Down to Earth No 66  August 2005

Campaigners against mining in protected forests were disappointed in July, when Indonesia's Constitutional Court ruled in favour of mining companies. Nevertheless, foreign multinationals have not got it all their own way.

Indonesia's Constitutional Court, established less than two years ago, was welcomed by many who hoped it could put an end to the arbitrary exercise of executive power.

Tangguh - ignoring the reality

Down to Earth No 65  May 2005

In February 2004, DTE took a detailed look at BP's controversial gas project in Bintuni Bay, West Papua. One year on, we ask how far concerns over human rights, security and local people's rights have been addressed.

The Tangguh gas extraction and liquid natural gas (LNG) installation in the Bird's Head region of West Papua got the final go-ahead from BP on March 7th. As a result, the area will experience massive social, environmental and economic changes.

International concern: a letter to BP

Down to Earth No 65  May 2005

The following letter, slightly abridged here, was addressed to Lord John Browne, CEO of BP, and is dated December 8th 2004.

As individuals and organisations in West Papua and internationally who are closely following the Tangguh LNG Project in West Papua, we are writing to express our mounting concerns and to call for your immediate intervention…

…Our concerns are centred on:

  • inadequate progress on key human rights commitments
  • a worrying lack of transparency
  • a fai

Tangguh project Update 2005

Down to Earth No 65  May 2005

Status of the project

The 'final investment decision' to proceed with Tangguh came on March 7th, after many delays. The construction phase of the US$5 billion project is now expected to start in late 2005. Tangguh will be operational in 2008, with two full gas production units or 'trains' (Reuters7/Mar/05, TIAP 2004).