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A report launched today in the UK will call for a moratorium on new mining in the Philippines. The Church of England however has a substantial investment in the companies which the report challenges.
The Church of England faced further gloom over its investments this morning, as a major hedge fund it has invested in was rocked by a late September slump.
British mining corporations supported by the UK government, such as Vedanta Resources, Rio Tinto and BHP Billiton, are complicit in human rights abuse while making huge profits in developing countries.