Statement by UK corporate watchdog RAID On 24 August, the UK’s top anti-corruption agency, the Serious Fraud Office (SFO), announced it had decided to drop its ten-year investigation into Eurasian Natural Resources Corporation (ENRC) due to “insufficient admissible evidence to prosecute”. ENRC had been under investigation for corruption and bribery centred on suspected bribes for cobalt and
Tag Archives: ENRC
A year after the conclusion of the OECD complaint against ENRC, few of the NCP’s recommendations have been implemented and, in many respects, the security and living standards of the people living in the affected villages has deteriorated. This lack of progress requires urgent attention by the NCP and immediate follow-up with the company.
Press Release After an ignominious exit from the London Stock Exchange, the Eurasian Resources Group (ERG, formerly ENRC) has been publicly criticised by the UK Government for failing to address human rights impacts at mine sites under the control of its subsidiaries in the Democratic Republic of the Congo (DRC). ENRC had tried – but
Press Release OECD complaint filed against Eurasian Natural Resources Corporation (ENRC) regarding DRC mining communities A complaint has been brought by Rights and Accountability in Development (RAID), a human rights organisation, concerning mining assets controlled by companies associated with ENRC in the Democratic Republic of Congo (DRC). The complaint under the OECD Guidelines for Multinational
Full Report: Questions of Compliance Submission to AIM Regulation The Conduct of the Central African Mining & Exploration Company (CAMEC) plc and its Nominated Adviser, Seymour Pierce Limited The first chapter details CAMEC’s incorporation and admission to AIM, its acquisition of DRC mining concessions and the company’s resulting corporate structure. In order to understand the