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Category: Environment Social Governance (ESG)

Police searched Ivanhoe Mines’ Vancouver office as part of Swiss bank transfer investigation 1 Mining in DRC Environment Social Governance (ESG) 

Police searched Ivanhoe Mines’ Vancouver office as part of Swiss bank transfer investigation

arnbethnic
Police searched Canada’s Ivanhoe Mines’ (TSX: IVN) Vancouver office seeking information on $2.7 million in bank transfers from Ivanhoe to a Swiss bank account in connection with contracts for its Congolese mining operations, The Globe and Mail reported Thursday. Ivanhoe said it cooperated with the search in November 2021 and that no charges have been laid against the company or its directors or employees. The RCMP obtained the search warrant after saying it had reasonable grounds to believe that Ivanhoe violated Canada’s Criminal Code and Corruption of Foreign Public Officials Act between… Read More Here
Ivanhoe Mines indexed in "The Sentry" report for receiving illegal benefits from insider trading 2 Mining in DRC Environment Social Governance (ESG) 

Ivanhoe Mines indexed in “The Sentry” report for receiving illegal benefits from insider trading

Copperbelt Katanga News
A new investigative report published this Thursday, December 15 by The Sentry entitled “Hijacking the system: How a Canadian mining giant played the law in the DRC” indexes Ivanhoe Mines. This organization alleges that Ivanhoe received illegal insider trading advantages; and that in a separate case, Canadian police are looking for evidence of corruption. The investigation focuses on Ivanhoe’s control of a potentially very rich deposit in the Central African copper belt. Information reviewed by The Sentry reveals that the multibillion-dollar company, led by American-born founder Robert Friedland, arranged to sell potentially lucrative… Read More Here
Cobre workers International Environment Social Governance (ESG) 

First Quantum Minerals ordered to suspend operations at Cobre Panama copper mine

Copperbelt Katanga News
Cobre Panama mine is First Quantum Minerals’ largest copper operation. (Image courtesy of Cobre Panama.) Panama’s government ordered Canada’s First Quantum Minerals on Thursday to pause operations at its flagship copper mine in the country after missing a deadline to finalize a deal that would have increased payments to the government from the mine. The government had given Minera Panama, which is majority-owned by First Quantum Minerals, until Wednesday to sign an agreement reached in January to pay $375 million a year to the government from its Cobre Panama mine. Panama’s… Read More Here
FIRST QUANTUM MINERALS PROVIDES UPDATE ON NEGOTIATIONS WITH REPUBLIC OF PANAMÁ 3 International Environment Social Governance (ESG) Press Release 

FIRST QUANTUM MINERALS PROVIDES UPDATE ON NEGOTIATIONS WITH REPUBLIC OF PANAMÁ

Johannsen
First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) issues the following statement today on the status of its negotiations with the Government of Panamá on a framework governing the operation of the Cobre Panamá mine by its subsidiary Minera Panamá, S.A. (“MPSA”). The Government of Panamá and MPSA were unable to reach an agreement by the December 14 deadline imposed by the government. The economic package MPSA has proposed would make Cobre Panamá one of the highest payers of royalties and taxes amongst the large copper producing… Read More Here
Glencore claims to exceed 2 billion USD in terms of tax obligations in DRC in the last 3 years 4 Mining in DRC Environment Social Governance (ESG) Mining tax 

Glencore claims to exceed 2 billion USD in terms of tax obligations in DRC in the last 3 years

Constance
Glencore’s 4th annual conference was held on Tuesday, December 13, 2022 in the capitol room of the Rotana hotel in Kinshasa. This accountability exercise was centered under the theme: “Glencore, a partner for the energy transition and for the sustainable development of the DRC”.  In her speech, Marie-Chantal Kaninda, Vice-President of Glencore RDC and Chairman of the Board of Directors of Kamoto Copper Company (KCC), briefly presented the performance of Glencore’s activities in the country during the year 2022. To believe him, Glencore has invested over 8 billion US dollars over… Read More Here
Zambia's ZCCM-IH takes centre stage 5 Environment Social Governance (ESG) Mining in Zambia Mining tax 

Zambia’s ZCCM-IH takes centre stage

arnbethnic
A revenue-sharing model will give ZCCM-IH the financial firepower to achieve its strategic goals, says Board Chair The Zambian state-owned mining investment company ZCCM-IH recently announced its decision to convert its right to dividend payments from its stake in Kansanshi Mining Plc to a revenue-sharing agreement, under which the company will receive a percentage of all mineral sales for as long as the mine is in production. Mining For Zambia asked ZCCM-IH’s Board Chair, Ms Dolika Banda, to tell us what motivated the move, and how it benefits the company and Zambia… Read More Here
Kamoto Copper Company (KCC) implements innovative communication solutions within the Company 6 Mining in DRC Environment Social Governance (ESG) Technology & Innovation 

Kamoto Copper Company (KCC) implements innovative communication solutions within the Company

arnbethnic
Kamoto Copper Company (KCC), one of the world’s leading copper and cobalt producers based in the Lualaba province of the Democratic Republic of Congo, is the first company to implement an innovative customer engagement application. employees to strengthen communication between the company and its employees. Through a partnership with Vodacom Business and Standard Bank, KCC has launched the Umoja app – a digital work tool designed to address the structural communication challenges prevalent not only in business, but also in the community in the sense wide. Internet access remains a… Read More Here
Top miners adopt ESG and transparency reporting framework 7 Environment Social Governance (ESG) International 

Top miners adopt ESG and transparency reporting framework

arnbethnic
Mining Shared Value, a non-profit initiative of Engineers Without Borders Canada, has announced that twelve mining companies have now adopted the Mining Local Procurement Reporting Mechanism (LPRM), to report on a total of thirty-four mine sites across nineteen countries. The LPRM is a publicly available framework of twenty-two disclosures, developed by MSV and commissioned by the German development agency GIZ, with support from Germany’s Federal Ministry for Economic Cooperation and Development (BMZ). Growing use of the reporting framework is happening amidst increased focus on local sourcing and supply chain due diligence in… Read More Here
CSOs in DRC demands the rebalancing of mining contracts for Tenke Fungurume, Sicomine and Sachim 8 Environment Social Governance (ESG) Mining in DRC 

CSOs in DRC demands the rebalancing of mining contracts for Tenke Fungurume, Sicomine and Sachim

arnbethnic
At the end of the mines and hydrocarbons week held in Kinshasa from Tuesday November 29 to Friday December 02, 2022, some forty civil society organizations, grouped together within a synergy of action for the protection, monitoring and citizen control of the natural resources of the Democratic Republic of Congo, made recommendations to take advantage of the various opportunities and meet the challenges facing the DRC.  After the Congolese government recovers assets from Ventora, civil society turns the page on Gertler and focuses on other cases. As a result, it calls… Read More Here
Anglo American partners with Wits University to transform the Johannesburg Planetarium into a world-class digital hub for public benefit 9 Environment Social Governance (ESG) Corporate social responsibility International 

Anglo American partners with Wits University to transform the Johannesburg Planetarium into a world-class digital hub for public benefit

arnbethnic
Anglo American and the University of the Witwatersrand (“Wits”) yesterday launched a partnership to refurbish, expand, and digitalise the 62-year-old Johannesburg Planetarium into a modern, multidisciplinary research, training, and science education hub. The refurbishment of the historical Johannesburg Planetarium into the new Wits Anglo American Digital Dome will support efforts towards digitalisation and the regeneration of the City of Johannesburg as a smart city. Designed by leading Artificial Intelligence (AI) researchers, scientists, digital artists and quantum computing engineers, the Digital Dome will enable university students and the broader public to… Read More Here

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