If the mining industry wants to try to get something done these days, there is a new door to knock on: the Pope’s.
A clutch of mining leaders, including the chief executives of Rio Tinto and Anglo American, will hold talks in Rome with Vatican officials this weekend in an attempt to spread more understanding of their often controversial industry.
As well as being under severe financial pressure as commodity prices slide, resource companies are also facing mounting public hostility amid concerns about climate change and the potential environmental damage caused by mining.
This can make it riskier and more expensive for the industry to develop projects, particularly as the global quest for new mineral deposits takes it into previously unexplored regions. Continue Reading →