Extractive Industries
« Previous EntriesPetrobras: People vs. Profit
Tuesday, August 12th, 2008Why does it seem that extractive industry companies are always the ones being picked on? After all, they have to make a profit too? Why should their operations be scrutinized ever more so than those of other industries? At the risk of generalizing, the history of extractive industries justifies such scrutiny—especially in regards to community [...]
Popularity: 16% [?]
China-Congo Investment Deal – Who’s getting the Short Stick?
Thursday, August 7th, 2008China signed a $9 billion deal with the Democratic Republic of the Congo last year to allow China access to the African country’s mineral resources. In return, China plans to invest (by way of Chinese contractors) in a new transportation network—a 1,000-mile road from the Zambian border to northeastern Congo. Infrastructure improvements such as this [...]
Popularity: 18% [?]
CAMEC Opens Platinum Mine in Zimbabwe
Sunday, July 20th, 2008Central African Mining & Exploration Company (CAMEC) has announced that it will begin mining platinum in ZImbabwe next year. As reported in today’s Financial Times, the company has been criticized for doing business with the Mugabe regime in Zimbabwe but defends its position:
There have been reports linking these assets to members of the ruling Zanu [...]
Popularity: 16% [?]
UK Retail Group Halts Zimbabwe Imports
Thursday, July 3rd, 2008Tesco Suspends Zimbabwe Imports
As reported in the Financial Times on Wednesday, Tesco, an international retailer based in the United Kingdom has stopped importing $2M of vegetables from Zimbabwe. Company officials suspended their imports because of the escalating food crisis in that country. A company official stated that imports from the strife torn country would resume once the political situation [...]
Popularity: 27% [?]
Steel Company’s Pollution Causing Health Problems In South Africa
Monday, June 30th, 2008Business and Human Rights Resource Centre reports that residents in Vaal, South Africa are claiming that the Netherlands-based steel production company, ArcelorMittal, is polluting local air and groundwater and causing serious respiratory illnesses.
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a2a_linkurl=”http://globalinvestmentwatch.com/2008/06/30/steel-companys-pollution-causing-health-problems-in-south-africa/”;
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Popularity: 23% [?]
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