In June and July soldiers in the Democratic Republic of Congo marched on two of the country’s main copper and cobalt mines – China Molybdenum’s Tenke Fungurume and Glencore’s Kamoto Copper Concession. Their objective was to remove large numbers of artisanal miners who had entered the mining concessions to protest against the government’s failure to provide regulated artisanal mining zones where the miners could work.
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On 26 June 2019, Acacia Mining Plc issued a press release in response to articles published by the Guardian and other Forbidden Stories journalists on the human rights situation at Acacia’s North Mara gold mine in Tanzania. Acacia asserts that these articles are ‘misleading’ which it partly attributes to publications by RAID. We take this opportunity to address Acacia’s inaccurate response.
Ahead of its Annual General Meeting on June 13, UK gold mining company, Acacia Mining, is facing increased pressure to address human rights concerns at its North Mara gold mine in Tanzania and to suspend the company’s problematic grievance process.
Participants at the Africa Mining Indaba in South Africa, the largest mining investment conference in Africa, should act to address justice and compensation for harm to individuals and local communities as a result of their activities, said RAID, a UK based watchdog that exposes corporate human rights violations in Africa.
On 15 and 16 January 2019, the UK Supreme Court will hear a case of crucial importance for victims of corporate human rights violations. The case, Vedanta Resources Plc and Another v Lungowe and others, is brought by leading human rights law firm Leigh Day on behalf of over 1,800 Zambian citizens who say Vedanta Resources, a UK company, and its Zambian subsidiary, Konkola Copper Mines Plc (“KCM”), polluted local water sources causing damage to their land and livelihoods.
Mark Bristow, the FTSE 100’s longest-serving CEO, is set to begin his new job today. With Bristow’s Randgold Resources plc having completed its $6.1 billion merger with Canada’s mining giant Barrick Gold Corp., he takes charge of the world’s largest gold mining company, which will keep the Barrick name. Yet for it to become the industry’s “new champion”, Bristow must overcome significant challenges. Of these, one stands out as his “biggest headache”: Acacia Mining plc.
“What can you do?” asks the United Nations as part of International Anti-Corruption Day on 9th December. Just recently, the London Stock Exchange asked itself the same question when the rulebook for the Alternative Investment Market (AIM), its lightly-regulated junior market, came up for review. The answer was disappointing. It seems the Exchange is willing to do very little to prevent corrupt transactions on AIM.
27 leading NGOs working on corporate transparency have published a statement calling on EU policy-makers to define companies’ disclosure obligations on sustainability issues on the occasion of a high-level conference on the future of corporate reporting hosted by the European Commission in Brussels.
A year ago, Katanga Mining Limited (TSX: KAT), a subsidiary of Glencore plc (GLEN: LN), was forced to publish an embarrassing internal audit after its activities were probed by Canada’s Ontario Securities Commission (OSC), which oversees the Toronto Stock Exchange. The audit found “material weaknesses” in financial reporting relating to the company’s activities in the Democratic Republic of the Congo, where Katanga Mining operates one of the richest copper and cobalt mines in the world.
op executives at Barrick Gold and Randgold Resources have been warned about human rights abuses at Acacia Mining’s North Mara Gold Mine in Tanzania ahead of the merger between the two companies due to be voted on by shareholders this week. If approved the new merger would create the largest gold mining company in the world valued at $18bn (£13.7bn).