Resources industry

Mining Industry Endorses Rules Targeting Corruption Abroad

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Sunny Freeman – January 16, 2014

Canada’s mining industry has put its weight behind a push for companies to publicly disclose the government payments they make at home and abroad. The move is part of an effort to stop corruption and make the actions of Canadian companies in foreign countries more transparent.

Two corporate watchdog groups worked with Canada’s two biggest mining associations to develop a set of recommendations that target the financial dealings between miners and governments. The report will be presented to Ottawa and the provinces, as well as provincial securities regulators, who will then decide whether to adopt the protocol.

At Davos: the west must help us root out corruption in Africa

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Alpha Condé – January 22, 2014

As president of Guinea I know we can't tackle this problem alone – corruption is embedded in the western institutions that have helped bleed our country dry.

Less than seven months ago I was invited to the G8 in London by David Cameron to make the case for tackling corruption through transparency. I participated because it was clear the world's wealthiest leaders finally understood that to deal with this complex problem, an international response was needed.

Noir Canada Defamation Lawsuit Settled, Publication of Book Stopped

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November 2013

Barrick Gold Corp. and Noir Canada publisher and authors have reached an out-of-court settlement, ending a legal dispute over the book critiquing the Canadian mining industry’s actions in Africa.

Earlier this year, a Quebec Superior Court justice ruled Barrick had to pay $143,000 to the book’s three authors and publisher, Les Éditions Écosociété Inc., to prepare their defense in a “seemingly abusive” SLAPP lawsuit — a strategic lawsuit against public participation.

Investors Demand Clampdown on Resource Industry Corruption

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Charlie Thomas – August 28, 2013

It’s not often you’ll hear investors calling for more regulations, but an international consortium of some of the biggest pension funds and asset managers have done just that.

A total of 44 institutions have written to the US Securities and Exchange Commission (SEC) to urge the adoption of a single, consistent global standard for all tax and royalty payments made by oil, gas and mining companies in a drive for greater transparency.

Transparency laws will release money to tackle poverty

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The European Council and Parliament has reached a historic agreement on transparency legislation so that extractive industry companies will publish what they pay in countries where they operate.

The legislation will help in the global fight against corruption, as well as releasing resources for development in an international context where alternatives to aid are increasingly needed. Natural resource revenues are crucial in the fight against poverty. In 2010 exports of oil, minerals and gas to Africa were nearly seven times what the continent received in international aid.

Africa's battle against corruption: which side is the west on?

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The sharp lawyers who counter the effort for clean governance are not based in Guinea: they are in London, Paris, New York

Paul Collier – November 15, 2012

Across Africa democratically elected leaders are fighting against corruption in the natural resource sector. But by various means, corruption fights back.

Those under investigation hire highly paid legal guns to sue and silence, and highly paid public relations gurus to twist and smear. Impecunious governments trying to impose the rule of law find it subverted into the rule of lawyers and trial by media.

PM's chief of staff faces conflict of interest questions over Barrick Gold links

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Joan Bryden – August 28, 2012

The federal ethics watchdog is considering whether Prime Minister Stephen Harper's chief of staff, Nigel Wright, improperly used his influential position to further the private interests of friends at Barrick Gold Corp.

Ethics commissioner Mary Dawson has discussed the matter with Wright and is now pondering whether the one-time Bay Street titan broke any conflict of interest rules by allowing himself to be lobbied twice in May by Barrick.

Story of Westray dangers should have been told

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Andrew Mitrovica – May 9, 2012

I owe the people of Pictou County, N.S., an apology. In particular, I owe a long overdue apology to the families of the 26 miners who perished in the Westray coal mine explosion that took place 20 years ago Wednesday.

I need to apologize because for two decades I have harboured a regret. I have carried this regret with me from the morning I heard via a news bulletin by former CBC newsman Knowlton Nash that there had been a devastating explosion at the mine.

Tough EU transparency laws could change lives in resource-rich Congo

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Joseph Banga – April 30, 2012

We don't know how much money the Democratic Republic of the Congo government gets from the exploitation of our oil, gas, minerals and timber. That must change.

New EU legislation introducing mandatory transparency for multinational companies could do a lot to help billions living in poverty in resource-rich countries. It could contribute to turning their natural resource wealth from a curse to a blessing if approved in its current form, but it would fail to make a difference if it is watered down.

Canadian mining project under attack from Romanian revolution figure

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Agence France-Presse – March 12, 2012

A key figure of Romania's 1989 revolution, MEP Laszlo Tokes, resigned from his party on Monday over a controversial Canadian gold mine project in northwestern Romania. His stand centres on a particular method of extracting gold which uses cyanide to leach the precious metal from excavated material.

"As the initiator of a resolution from the European Parliament banning the use of cyanide in the mining industry, I cannot accept the attitude of my party towards the mining investment in Rosia Montana" (northwestern Romania), Tokes said in a press release.

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