Allegations of environmental breaches dog Anglo American’s mining operations. Now the company has been given the go-ahead for plans that communities say risk disaster Patricia Silva lays out an array of medicines and doctors’ letters on her kitchen table. She lives a few kilometres from a copper foundry operated by the British-headquartered mining company Anglo American in Catemu, a town in central Chile. Every morning and evening, she says, the air is filled with a faint blue smoke. “It irritates your throat and makes you cough,” Silva says, remembering a day when her son Cristián, then three years old, began…
Author: Larry Butler
Stimulated by last Friday’s surge in international gold prices, some Hong Kong-listed gold stocks gained strength. On the news front, New York gold futures briefly climbed to $3,655.50 last Friday, hitting a historic high. More notably, data released by the People’s Bank of China on September 7 showed that China’s gold reserves reached 74.02 million ounces by the end of August, up 60,000 ounces from 73.96 million ounces at the end of July, marking the 10th consecutive month of increases. Wang Qing, chief macro analyst at Golden Credit, stated that the proportion of gold in China’s official international reserve assets…