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...
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...
Vol 52 No 6 |
- ZAMBIA
- MINING
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...
Vol 52 No 5 |
- ERITREA
- MINING
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 ...
Vol 52 No 5 |
- ERITREA
- MINING
‘Eritrea is not for sale.’ This used to be President Issayas Afewerki’s customary
response to interest in his country’s considerable mineral resources.
Now, as he faces greater...
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...
Vol 51 No 13 |
- GUINEA
- MINING
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...
Vol 51 No 11 |
- AFRICA
- MINING
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...
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 ...
Africa's biggest gold-mining company is now a prime takeover
target
South Africa's giant Anglo American Corporation (AAC) is moving away from its African roots. It is restructuring and may be taken over by an American corporation. It controls Anglo...
