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Mining

 

news by category: Mining

Found 47 articles.

Displaying 5 results from 2021 (out of 47 total).

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, South...


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...


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 over US$2...


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...

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Displaying 5 results from 2021 (out of 47 total).