Posts tagged "tax"

Glencore: the monster has landed!

The world’s biggest commodities’ trader has “gone public” on the London and Hong Kong Stock Exchanges, following the conditional issue of shares to its so-called “cornerstone investors” over the previous week.

Glencore has leapt straight …
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Greedy Glencore does not plan to change its ways

Private trader Glencore is to list in London this month

Greed Inc: A special investigation into pollution, dubious tax practices and exploitation of African workers at Glencore

News that the London Stock Exchange is on …
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Tanzania’s taxing problem

All Tanzanian companies (not just mining companies) are entitled to a refund on their input VAT. Thus, the recent announcement that AngloGold Ashanti and African Barrick are among those seeking a refund of more than …
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Act now on company openness

Zambia’s people are blessed with copper. Yet with one doctor per 10,000 people and life expectancy a mere 47 years, who’s benefitting from the wealth beneath their feet?  As with countless countries around the world …
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Glencore is accused of tax evasion in Zambia but goes for London Launch

Last week Switzerland-based Glencore – the world’s biggest minerals trader – announced it would seek a listing on the London and Hong Kong Stock exchanges in mid-May.

Amid the issues being raised about the firm’s …
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A snip at $22m to get rid of Australian PM

HOW much does it cost to bring down a prime minister?

The answer: a tad over $22 million.

That’s how much the mining industry spent in six weeks last year on its campaign against Kevin …
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Chile’s mendacious “miracle”

Chile’s president, Sebastian Pinera, arrives in London on Monday 18 October in his first overseas trip since the “miracle” rescue of the 33 miners, trapped underground at the San Jose mine since August.

Pinera is …
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Sierra Leone Government urged to revise agreement with London-listed African Minerals Ltd

The National Advocacy Coalition on the Extractives (NACE) is calling on the President and Parliament of Sierra Leone to demand a review of the mining agreement signed between the Government and African Minerals Limited, listed …
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Vedanta in the frame for tax evasion

Around 160 multinationals profit from Mauritius’s status as a tax haven (Tax Justice Network gives Mauritius an “opacity” rating of almost 100%), in order to walk away with billions in undeclared profits.

One of the …
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Africans call for urgent mining reforms

Following a recent African conference, a substantial number of organisations, supported by their overseas colleagues, are calling for “the promotion and protection of community rights, the environment, and realisation of the aspirations of African peoples” …
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WTO Seeks More Cooperation In Natural Resource Trade

The World Trade Organization called on Friday for countries to work together more closely in trade in natural resources — an area often seen as exempt from many international commerce rules. Governments must cooperate more …
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Australian Miners’ Union launches Fair Go For Billionaires Campaign

By Andrew Vickers, General Secretary of the Australian CFMEU Mining and Energy Division

Fair Go for Billionaires is the CFMEU Mining and Energy’s new ground-breaking campaign to focus public attention on Tony Abbott’s absurd promise …
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