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Contents contributed and discussions participated by Adji Durac

Adji Durac

Black Hawk Mines Bulletin| Guy Scott Tells Mining and Energy Conference: We Are an Inte... - 2 views

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    Government would continue to create an enabling environment for investors in the mining and energy industries saying the sectors were key in national economic development, Dr Scott said. He further said that investors should also ensure they ploughed back to the communities they operated in through job creation and other corporate social responsibility activities. "Government was not elected by the people of Zambia to extract 750,000 tonnes of copper a year but to see to it that the minerals are beneficial to the people of Zambia. If it was important, we would not allow for the extraction of minerals but we allowed it because the minerals are supposed to provide jobs, taxation and other multiplier benefits," Dr Scott said. He said the mining industry should support local industries by buying locally produced equipment unlike the current trend where all equipment's was imported. "We want locally value-added content in the inputs used by the mines. We want local industries to process steel boards and other equipment used by the mines, that way more jobs will be generated from the mining industries. "It does not make sense again for local enterprises to import equipment and supply it to the mines but it is better to have foreign firms that are established in the country and are engaging local people to produce the equipment," he said. The conferences which was held two days aimed at creating a platform for stakeholders in the energy and mining sectors to engage on issues that would enhance the mining and energy sectors. Over 300 delegates and mining giants including Mopani copper mines Rio Tinto, First Quantum Minerals, among others was attracted by the conference organized by AME Trade in partnership with Association of Zambian Mineral Exploration Companies. The mine would continue to invest in Zambia, with the mining firm investing over US$2billion to date, Mopani Copper mines chief executive officer Danny Callow said. "Mopani will remain a com
Adji Durac

Black Hawk Mining Fraud Warnings: Mining Scam Keeps Getting Bigger - 1 views

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    The epic proportions of the illegal mining scam that was uncovered by the Karnataka Lokayukta in its 2011 report may actually have been just one act of a much larger, more complex and multi-layered drama. There is now new evidence to suggest that the Lokayukta's final report on illegal mining - a political game-changer that sent the powerful to jail and catalysed a regime change in the state - is just one part of the mining story. A six-month-long investigation by The Hindu, with help from whistleblowers in the Railways, the Karnataka Commercial Taxes Department and the CBI, points to losses to the State exchequer between January 2006 and December 2010 that are, at the very least, Rs. 1 lakh crore or eight times the estimated figure given in the Lokayukta report. The investigation also shows that the State lost Rs. 2,000 crore in commercial taxes. The new information suggests that the dominant narrative on illegal mining, namely, that illegal ore was mainly exported to China to feed an infrastructure boom triggered by the Beijing Olympics, is actually a very partial telling of the mining scam story. The new data with The Hindu furthers the depth and reach of the mining scam, a part of which was so exhaustively covered in the Lokayukta report. http://blackhawk-mining.com/
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