Posts tagged "DRC"

Secret mining in the Congo: Integrity of the UK aid programme & the IMF at stake

Press statement from the office of Pauline Latham OBE MP, Member of the International Development Select Committee, Chair of the All Party Parliamentary Group for the Extractive Industries    

23/05/2012

Secret mining in the Congo:
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West Africa emerging as the new Pilbara

West Africa is emerging as the next significant iron-ore province after Australia’s rich Pilbara and is attracting the attention of global majors and the Chinese, says the London-Aim-listed West African Minerals. Major diversified miners …
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Glencore ‘should explain potentially corrupt deals in Congo’ – Global Witness

Global Witness is today calling on Glencore to explain potentially corrupt deals in the Democratic Republic of Congo, and is calling on the company to provide more details about its relationship with an Israeli businessman …
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Mining giant Glencore accused in child labour and acid dumping row

Glencore, the commodity and mining firm worth £27bn, stands accused in the Democratic Republic of the Congo of dumping raw acid and profiting from children working 150ft underground. The revelations come as the notoriously secretive …
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Report calls for stricter regulation of UK mining companies

Report calls for stricter regulation of UK mining companies

London Mining Network has today published a report calling on the government to include a review of regulatory regimes as part of the current discussion on the Financial Services Bill. The Bill is replacing the …
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The World Bank and extractives: a rich seam of controversy

As World Bank projects fail to reduce corruption in the mining sector in the Democratic Republic of Congo (DRC), International Finance Corporation (IFC) investments in extractive industries are provoking complaints and protests around the world.…
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Glencore faces questions over controversial DRC mine sales

Moves by unknown shell companies to control lucrative natural resources may have cost Democratic Republic of Congo $1 billion in lost revenue, as UK-listed mining company Glencore comes under pressure to explain deals. See http://www.theecologist.org/News/news_analysis/1235793/glencore_faces_questions_over_controversial_drc_mine_sales.html
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DRC dispute disentangled: ENRC and FQM agree settlement

London listed miner, Eurasian Natural Resources Corporation Plc (ENRC) and Canada’s First Quantum Minerals Ltd (FQM) have resolved a rumble in the jungle with a US$1.25bn settlement for disputed mining assets in the Democratic Republic …
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Energy colonialism in the Congo

The Congo River embodies an immense amount of energy – enough to supply a significant portion of Africa’s electricity requirements. The river is being touted as a perpetual source of clean, green power that could …
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World’s Biggest Hydropower Scheme Will Leave Africans in the Dark

South Africa and the Democratic Republic of Congo have signed an agreement to build a major hydroelectric power project, which is said to bring electricity to more than half of the continent’s 900 million people. …
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Glencore puts up $635 million to build world’s largest cobalt mine

Katanga Mining announced on Friday it has secured $635.5 million in new loan facilities from parent Glencore International to fund the expansion of its Democratic Republic of Congo copper-cobalt mine. Katanga says with the expansion …
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Africa’s Energy Future Heading Down a Dark Tunnel

BHP Billiton’s proposed Inga 3 hyropower scheme in DR Congo, and its existing Mphanda Nkugwa dam in Mozambique – both designed to provide electricity for the company’s aluminium plants – come under fire from …
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