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Mining

 

news by category: Mining

Found 39 articles.

Displaying 1-10 out of 39 results.

Mining magnates hail ruling

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...


Glencore signals new virtue

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 ...


Steinmetz's empire unravels

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 ...


Steinmetz gets five years for bribery

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...

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EXCLUSIVE – Inside the Swiss charges against Steinmetz

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 ...

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Timis's seam of woe

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...


From beer to betting

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...


The soul of transparency

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 ...


Sable's rich seam of bribes

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...

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Displaying 1-10 out of 39 results.