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Arabica Robusta

CorpWatch : Congo Copper Mine Deals Questioned - 0 views

www.corpwatch.org/article.php

africa development international news mncs intervention exploitation copper extractive industries

shared by Arabica Robusta on 05 Aug 12 - No Cached
  • Eurasian Natural Resources Corporation (ENRC), a global mining company that got its start in Kazakhstan, has won a new $101.5 million license to dig for copper at the Frontier mine in the Democratic Republic of Congo. The company has been criticized by Global Witness for its purchases of rights from offshore companies connected to Dan Gertler, a controversial Israeli diamond merchant.
  • Per-capita income in the Congo is under $300 a year and experts at the Carter Centre, which was founded by former US president Jimmy Carter, say there is a reason. "In a mining sector defined by irregularities and mismanagement, large industrial mining projects can earn huge profits for investors and government officials,” Sam Jones, associate director of the centre's human rights program, told the Guardian. “(L)ittle revenue finds its way back into desperately impoverished Congolese communities for schools, healthcare, or other social services.”
  • First Quantum, a Canadian company, acquired the rights to mine for copper at Frontier in 2001 but was forced to turn it over to Sodimco, a state owned company in 2010 by the Congolese government. The licences were then sold to Fortune Ahead, a Hong Kong shell company. Meanwhile First Quantum filed multiple legal claims demanding $4 billion in compensation for Frontier and other assets nationalized by the Congolese government.
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  • But exactly who paid whom how much for mining rights in the Congo is up for debate. “ENRC’s purchase of its stake in Kolwezi was structured through a deal between itself and at least seven companies registered in the British Virgin Islands, all connected to Dan Gertler,” states a Global Witness fact sheet. “When ENRC bought the remaining 50 per cent stake in SMKK, it purchased it from another British Virgin Islands company linked to Mr Gertler. Even ENRC’s acquisition of CAMEC involved sale purchase agreements with several offshore companies linked to Dan Gertler which held shares in CAMEC.”
  • Gertler, an Israeli diamond merchant, has been doing business in Congo for over a decade, working first with Laurent-Désiré Kabila, the former president of the Congo, and now with his son, Joseph Kabila, the current president.
  • Arabica Robusta on 05 Aug 12
     
    "Eurasian Natural Resources Corporation (ENRC), a global mining company that got its start in Kazakhstan, has won a new $101.5 million license to dig for copper at the Frontier mine in the Democratic Republic of Congo. The company has been criticized by Global Witness for its purchases of rights from offshore companies connected to Dan Gertler, a controversial Israeli diamond merchant. "
Arabica Robusta

Pambazuka - Protests across Africa: Different attention for different countries? - 0 views

pambazuka.org/...71379

movements social arab multinational corporations mncs intervention pambazuka protests

shared by Arabica Robusta on 06 Mar 11 - No Cached
  • As Gaddafi finds new ways to attack Libyans, Libyans unleash their fury against his deployment of mercenaries from West and East Africa as migrant workers from south of the Sahara face increasing attacks and are prevented from leaving the country. Given the racism in Libya and low status of foreign black workers, it was only a matter of time before innocent people were attacked.
  • The language and subtext being used in some of the reports is cause for concern. In a video by Al Jazeera, ‘Immigrant workers under suspicion’, the US-based Frontlines of Revolution uses the headline ‘White Arab supremacy: Revolution or Moor black oppression?’ There is no doubt that there that racism is rife in Libya and that black foreign workers are being targeted, but language like this and lack of historical or political context only inflames the situation
  • Nonetheless, the assault on black Africans is disturbing, not least because the uprisings in North Africa have been framed within an Arab/Middle East context, not just by Western media but more importantly by Al Jazeera, which itself has become part of the revolutionary story. This in itself further antagonises Arab–African/Arab–black tensions and also raises the monumental question as to who is an African and what do we mean by Africa. Pambazuka News editor Firoze Manji addresses this in a recent interview with Al Jazeera – could this possibly be a response to growing criticism of their framing the North African uprisings solely in an ‘Arab’ context?
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  • ‘They wanted to stop us from protesting, we protested. We have a non-violent philosophy, which we maintained in the face of extreme violence. An incredible force of young Cameroonians. We started out almost 300 and ended up less than 50 but (being a) nugget has banished fear, for ourselves and for many other Cameroonians. The population did not join us in droves, but: not one person out of hundreds complained about the blocking on the road; If we ever doubted it, we now have extreme clarity on the absolute need for change and the absolute need for unwavering determination in bringing it about in our country.’ Six members of Cameroon O’Bosso have been arrested and remain in detention.
  • I am sure global corporate media are aware of what is happening and it’s clear that choices are made on which conflicts and revolutions are covered.
  • The mistake the media and activists in the West make is to believe that the voice of revolution has to be highly vocal and visible to their world. On the contrary, there are thousands of activists and social justice movements from across Africa and the diaspora who are totally committed to achieving political and social change in their respective countries. It just takes a little effort and time to know what is happening.
  • As informed citizens and if we are to see ourselves as part of the revolutionary process, then we need to try and grasp an understanding of the layers of narrative and actions which are taking place, not just across Africa but on a global level.
Arabica Robusta

British banks complicit in Nigerian corruption, court documents reveal | Global Witness - 0 views

www.globalwitness.org/...ruption-court-documents-reveal

development africa international industry governance pambazuka news world bank china corruption britain banks mncs multinational corporations

shared by Arabica Robusta on 03 Mar 11 - No Cached
  • British high street banks have accepted millions of pounds in deposits from corrupt Nigerian politicians, raising serious questions about their commitment to tackling financial crime, warned Global Witness in a report published today. By taking money from corrupt Nigerian governors between 1999 and 2005, Barclays, NatWest, RBS, HSBC and UBS helped to fuel corruption and entrench poverty in Nigeria.
  • What is so extraordinary about this story is that nearly all of these of these banks had previously fallen foul of the UK banking regulator, the Financial Services Authority (FSA), in 2001 by reportedly helping the former Nigerian dictator Sani Abacha funnel nearly a billion pounds through the UK. These banks were supposed to have tightened up their systems but as this report now shows, a few years later, they were accepting corrupt Nigerian money again.
  • "Banks are quick to penalise ordinary customers for minor infractions but seem to be less concerned about dirty money passing through their accounts,"
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