Jump to navigation

Mining

 

news by category: Mining

Found 37 articles.

Displaying 1-10 out of 37 results.

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...

READ FOR FREE

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 ...

READ FOR FREE

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...

READ FOR FREE

New SEC rules

Oil, gas and mining companies will be forced to publish payments made to foreign governments under new rules from the United States Securities and Exchange Commission. According to...


Curses and compliance

Mandatory disclosure is new to oil, gas and mining giants. They are still doing battle with NGOs to minimise regulation

Until very recently, the Extractive Industry Transparency Initiative (EITI), launched in 2002 by then British Prime Minister Tony Blair, was widely seen as the gold standard for re...


Displaying 1-10 out of 37 results.