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The U.S.-backed Iraqi cabinet approved a new oil law Monday that is set to give foreign companies the long-term contracts and safe legal framework they have been waiting for, but which has rattled labour unions and international campaigners who say oil production should remain in the hands of Iraqis.

Dangerous levels of lead and arsenic have been found in the blood of Honduran villagers living downstream from a controversial gold and silver mine owned by Canada's Goldcorp Inc., the world's third largest gold mining firm.

Last week, Merck, the pharmaceutical multinational, announced that it will pay 2.3 billion dollars in back taxes, interest and penalties in one of the largest settlements for tax evasion the U.S. Internal Revenue Service (IRS) has ever imposed.

Papua New Guinea, one of the world's largest islands, has fortunes in gold under its lush green mountains and a diversity of indigenous culture. The arrival of a Canadian mining company has brought violent clashes and transformed the indigenous lands forever.

Listen to an interview with the author, David Martinez. 

• 204 Manufacturing

Shenzhen supplier shuts shop following campaign against labour standards

Lei Huang could be a poster child for China's laboring classes.

For each 60-hour week he works on an assembly line for Foxconn, a manufacturer of electronics and computer parts in this south China manufacturing hub, he earns $32 and a bunk in a dormitory room with 19 other laborers.

A so-called "vulture" fund has been given permission by a British court to enforce a claim for tens of millions of dollars theoretically owed by Zambia.

CHEVRON'S Abiteye flow station oil spill of over 1,500 barrels of crude has rendered over 10 Ijaw communities and 500 hundred persons homeless in Gbaramatu kingdom in Warri South West local government area of Delta State.

Decades of gold mining should have given Congo a ticket to prosperity. Instead, it is trapped in a cycle of violence and poverty.