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Mining

 

news by category: Mining

Found 33 articles.

Displaying 21-30 out of 33 results.

Glencore connection

The serenity of Glencore’s Initial Public Offering on the Hong Kong and London Stock Exchanges remains undisturbed by revelations of inflated costs and transfer-pricing by Zambia’s...


Ethical smelting

The Katangese Mines Minister, Juvénal Kitungwa Lugoma, was in Paris on 5 May assuring nervous electronics and automotive company representatives that cassiterite and colombo-tantal...


Pushing for probity

Pressure is growing for greater accountability and transparency in oil and mining operations, especially in Africa, due to the strengthening of the Extractive Industries Transparency Initiative and the imminent application of the United States’ Dodd-Frank Act. Yet major disagreements between companies, governments and anti-corruption activists emerged at the EITI’s biennial conference in Paris on 2-3 March, its biggest ever. Large oil companies, led by Royal Dutch Shell, argue that any extension of the compulsory accountability provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act would undermine voluntary agreements such as EITI (AC Vol 51 No 19).

European and African officials backed moves at the Paris conference to toughen laws on company payment disclosures, despite strong opposition from oil and mining companies, includi...


Taxing problems for Zambia

Some US$66 million in tax revenue owed to the Treasury are missing, according to the mid-February report on Zambia published under the Extractive Industries Transparency Initiative...


Gold rush

Issayas used to be suspicious of foreigners, but that was before a mineral wealth bonanza looked possible

The Eritrean President and leader of the ruling People’s Front for Democracy and Justice, Issayas Afewerki, has long sought to retain a closed economy and prevent non-Eritrean ...


Iron constitutions required

A Chinese-British consortium exploiting massive iron ore reserves at Tonkolili prompts opposition from villagers and anti-corruption campaigners

One of the wealthiest and most controversial businessmen in Britain, Vasile Frank Timis, has brought over $300 million of Chinese finance to Sierra Leone’s Tonkolili district to e...


Mine not yours

Ahead of the 27 June elections (see Feature), the military regime has warned Rio Tinto to accept formally that it has lost two blocks of the giant Simandou iron ore concession – or...


Out of Africa and into Asia

Some canny commodity traders are moving into Africa’s mining business to target the Asian market

Two of the world’s biggest and most controversial commodity traders, Trafigura and Glencore, are building up their metals businesses in Africa, to compete with Chinese rivals and m...


Aiming high

China will soon surge ahead to become Congo's leading partner but not before sorting out employment and artisanal mining issues

Congo-Kinshasa will outstrip its rivals over the next two years to become the world's second largest copper producer (behind Chile), with a total annual production of 1.94 million ...


Displaying 21-30 out of 33 results.