Vol 62 No 20 | SOUTH AFRICAMINING Mining magnates hail ruling 7th October 2021 The High Court curbs ministerial powers to enforce black empowerment targets as companies pledge to boost investment A landmark High Court ruling curtailing ministerial powers on mine ownership is set to end three years of policy uncertainty. Looking at growing production across the continent, So...
Vol 62 No 17 | MININGENERGY Glencore signals new virtue 26th August 2021 The trader pledges action on climate change and corruption, but it profits vastly from fossil fuels and faces multiple bribery investigations Glencore has won plaudits for promises to become carbon neutral. Yet its last annual report vaunts record profits of nearly half a billion dollars from trading oil and coal. And ...
Vol 62 No 3 | GUINEAMINING Steinmetz's empire unravels 4th February 2021 The mining magnate is appealing his bribery conviction while a law suit in Paris could put his entire fortune in peril The five-year jail sentence handed down to Beny Steinmetz by Geneva's Tribunal Correctionnel on 22 January will embolden former partners pursuing his sprawling business empire for ...
Vol 62 No 3 | GUINEAMINING Steinmetz gets five years for bribery 22nd January 2021 Judge Alexandra Banna in Geneva says that 'Steinmetz was the main beneficiary' of a criminal operation to secure mining rights in Guinea. 'All important decisions were taken with his agreement' A Geneva court sentenced mining magnate Beny Steinmetz to five years in prison on 22 January for bribery and money-laundering. The bribes were paid to obtain rights to mine the vas... READ FOR FREE
Vol 62 No 2 | GUINEAMINING EXCLUSIVE – Inside the Swiss charges against Steinmetz 21st January 2021 As Beny Steinmetz awaits the judges' verdict, we probe the prosecution's accusations of money-laundering and grand corruption It was dubbed the 'deal of the century' – an operation to obtain rights to the world's biggest iron ore deposit – but became a quagmire, sucking its protagonists into a corruption ... READ FOR FREE
Vol 60 No 5 | SOUTH AFRICACONGO-KINSHASAMINING Contradictions in the contracts 8th March 2019 Companies are adjusting their strategies in an era of resource nationalism It seemed like a defining moment when Mark Bristow, the new chief executive officer of Barrick Gold, was asked at the African Mining Indaba in Cape Town last month how much of the ...
Vol 57 No 24 | MINING Timis's seam of woe 2nd December 2016 The spotlight falls once more on the mining magnate as controversy dogs his business activities in West Africa Three legal and political disputes mark the end of a rare spell out of the limelight for Vasile Frank Timis since the collapse of African Minerals Limited (AML), his mining company...
Vol 57 No 19 | MINING From beer to betting 23rd September 2016 Sable Mining, which was at the heart of a bribery scandal which has shaken up Liberia's political elite, has fallen on hard times. Citing poor market conditions, it has announced t...
Vol 57 No 12 | OIL AND GASMINING The soul of transparency 10th June 2016 A struggle over the future of the EITI is dividing NGOs and business as their visions of governance in the extractive sector compete Since its creation in 2002, the Extractive Industries Transparency Initiative (EITI) has sought to shine a light on the oil and mining sectors in the developing world, albeit on a ...
Vol 57 No 10 | GUINEALIBERIAMINING Sable's rich seam of bribes 13th May 2016 A mining company sought to open doors throughout West Africa with bribes, a huge leak of internal emails shows Senior politicians in the governments of Guinea and Liberia took bribes from the publicly quoted British company Sable Mining Africa Limited to facilitate access to valuable mining... READ FOR FREE
