Pitfalls and Pipelines - Philippine Indigenous Peoples Links

Chapter 1.2: Financial Innovations and the Extractive Industries
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39
Mining.com 13 March 2012.
40
K. Maley, 2012, “The sum of all China fears.” Business Spectator, 21
March.
41
In early July 2012, the city government of Shifang, in southwestern
China, announced it would cancel construction of a US1.6 billion
copper smelter, but only after thousands of citizens had taken to the
streets for three days in strident opposition to it. Source: Reuters, 2012,
“PlanerArk.” 6 July.
42
Links International Journal of Socialist Renewal at: http://links.org.
au/node/1558.
43
Mines and Communities, 2012, “China copper factory construction
halted amid violent protests.” 11 July, http://www.minesandcommunities.org/article.php?a=11790.
44
Mineweb 9 March 2010.
45
J. Jansson, C. Burke and W. Jiang, 2009, “Gabon/DRC: Chinese companies
in the extractive industries.” Stellenbosch: Centre for Chinese
Studies, Stellenbosch.
46
S. Freemantle & J. Stevens, 2012, “Confronting some of the major
criticisms of contemporary Sino-African ties.” Xinhua. 16 May, http://
www.chinadaily.com.cn/opinion/2012-05/15/content_15299771.htm.
47
Mines and Communities, 2010, “PNG: Chinese project brought to a
grinding halt.” 24 March, http://www.minesandcommunities.org/article.
php?a=9998.
48
Mines and Communities, 2012, “London put on its metal, flagrant
manipulation exposed.” 29 May, http://www.minesandcommunities.org/
article.php?a=11727.
49
Financial Times 31 March 2010.
50
Mines and Communities, 2012, “London put on its metal, flagrant
manipulation exposed.” 29 May, http://www.minesandcommunities.org/
article.php?a=11727.
51
W. MacNamara, 2010, “Mining and metal trends radically affected
by speculative investments embedded in prices.” Financial Times, 8
February.
52
Mining Journal 12 March 2010.
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The term “backwardation” denotes a market where forward—or
future—sales of a commodity are lower than the “spot,” i.e., current,
price.
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The term “contango” relates to a market where the forward—or
future—sales of a commodity reach a higher price than the “spot” (the
price at which it currently has a buyer).