industry iron ore mining corruption

industry iron ore mining corruption

industry IRON ORE MINING CORRUPTION ENVIRONMENTAL

The aims of this report are to: • list key concerns and provide recommendations to improve ArcelorMittal Liberia’s performance in terms of its social and environmental impact on the

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Unearthing corruption risks in mining approvals - News

2017.12.5  In 2016, for example, a grand jury in Liberia indicted top government officials on charges of bribery for conspiring to amend key laws to enable a London-listed

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Risks and opportunities for mining and metals in 2024 EY - Global

2023.10.11  Iron and steel, gold, and coal companies continue to attract the most capital, but investment is increasing in nickel and lithium. Exploration budgets are on the

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The global iron ore market: From cyclical developments to

2020.7.1  As indicated in Table 1, the iron ore market is dominated on the supply side by four mining giants (Vale, BHP Billiton, Rio Tinto and Fortescue Metal Group or FMG)

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Simandou iron ore mine developers risk penalties if timeline

2022.3.29  JOHANNESBURG, March 29 (Reuters) - Rio Tinto , and a Chinese-backed consortium risk losing their mining licences if they fail to meet a tight construction

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Introduction: Overview of the global iron ore industry

2022.1.1  Innovative technologies adopted by iron ore producers. While the mining industry is sometimes viewed as a simple quarrying operation, the industry is fiercely

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Gerald Group resolves iron ore dispute with Sierra Leone

2021.5.11  DAKAR, May 11 (Reuters) - U.S. commodity trader Gerald Group will pay Sierra Leone $20 million and cede a 10% stake in an iron ore project as part of the

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Swiss court upholds corruption ruling against mining

2023.4.4  GENEVA, April 4 (Reuters) - A Swiss appeals court said on Tuesday it had upheld a guilty verdict for corruption against mining magnate Beny Steinmetz, who was sentenced in Geneva two years ago...

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Ebola and the pestilence of corporate and governmental

2021.3.1  Guinea is historically tied to mining investment with reserves of iron-ore and bauxite • Mining investment has often been at the center of Guinean corruption •

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What is the Future of Guinea's Mining Sector After

2021.10.11  The mining sector provided US$544 million to government coffers in 2018, more than 30 percent of the state budget. After deposing President Alpha Condé, Guinea’s new military leader, Mamady ...

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Introduction: Overview of the global iron ore industry

2022.1.1  Turning to iron ore exports and imports, the tonnages are summarized in Table 1.1 for 2012 and 2018 (Australian Department of Industry, Science, Energy and Resources, 2021; US Geological Survey, 2020; United National Conference on Trade and Development (UNCTAD), 2021).As shown in Fig. 1.3, China is the largest iron ore

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Steinmetz Swiss trial: Jail for tycoon in Guinea mine

2021.1.22  Big implications for mining industry This case has much wider implications than the fate of Beny Steinmetz. When BSGR acquired the Simandou mining rights, it did not extract any iron ore.

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India Iron Ore Mining Market by Reserves and Production, Assets

2022.9.19  India’s iron ore mining market size was 249.1 Mt in 2021 and is estimated to grow at a CAGR of less than 1% during 2021-2026. The India iron ore mining market research report contains an overview of the Indian iron ore mining industry including key demand driving factors affecting the India’s iron ore mining industry. It provides

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industry IRON ORE MINING CORRUPTION ENVIRONMENTAL DESTRUCTION ...

IRON ORE MINING industry This report also provides information about the main conditions of ArcelorMittal investment in Liberia, and the current state of this project development as well as other investments in Liberia’s iron ore sector. It also looks into the fact whether ArcelorMittal is performing in accordance with

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industry IRON ORE MINING CORRUPTION ENVIRONMENTAL DESTRUCTION ...

IRON ORE MINING industry This report also provides information about the main conditions of ArcelorMittal investment in Liberia, and the current state of this project development as well as other investments in Liberia’s iron ore sector. It also looks into the fact whether ArcelorMittal is performing in accordance with

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Cover Story: Stalled Guinea Project Highlights China’s Struggle

2020.8.25  Discovered in the 1990s, the Simandou deposits hold more than 8.6 billion tons of iron ore with an average content of 65% iron, according to Guinea’s National Institute of Statistics. “The reserve of Simandou is so rich that one can get minerals with a simple shovel,” a mining industry investor said.

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Tackling mining corruption with tech in India

2016.11.20  In 2012, a report by the Shah commission found widespread corruption in Goa's iron ore sector, including illegal transport, under-reporting and illegal mining, costing the state around R35,000 crore (one crore is ten million rupees), around £3.5bn. The problem, says telematics4u (T4U) founder and CEO Pratap Hegde, is that the mining

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Why mining in India is a source of corruption - BBC News

2011.8.11  The state produces about 45 million tonnes of iron ore a year and exports more than half of it to China. It is not the only state in India where mining has become a controversial trade.

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The New Eldorado: Organized Crime, Informal Mining, and the

2020.10.6  This chapter introduces the topic of convergence between organized crime and the mining industry. The alluring nature of precious metals and minerals is highlighted and set against the modern-day global rush not only for gold, diamonds, and amber but also industrial materials, such as iron ore, coal, and sand.

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industry IRON ORE MINING CORRUPTION ENVIRONMENTAL

IRON ORE MINING industry This report also provides information about the main conditions of ArcelorMittal investment in Liberia, and the current state of this project development as well as other investments in Liberia’s iron ore sector. It also looks into the fact whether ArcelorMittal is performing in accordance with

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Why mining in India is a source of corruption - BBC

2011.8.11  The state produces about 45 million tonnes of iron ore a year and exports more than half of it to China. It is not the only state in India where mining has become a controversial trade.

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industry IRON ORE MINING CORRUPTION ENVIRONMENTAL

IRON ORE MINING industry This report also provides information about the main conditions of ArcelorMittal investment in Liberia, and the current state of this project development as well as other investments in Liberia’s iron ore sector. It also looks into the fact whether ArcelorMittal is performing in accordance with

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Guinea's top minerals at risk after coup Reuters

2021.9.6  Guinea's special forces on Sunday ousted the West African country's president, raising the political and operational risk for its minerals, which include bauxite, diamonds, iron ore and gold.

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CORRUPTION RISKS IN MINING APPROVALS

Title: Corruption Risks in Mining Approvals: Australian Snapshot Publication date: October 2017 ISBN: 0 9752439 2 6 Cover page: Geologist Prospecting for Iron Ore, Pilbara, Australia, Source: Adwo/Shutterstock Disclaimer The research, language, views, conclusions and strategies outlined in this document have been created by

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India's 'lawless' mining industry criticised by Human Rights

2012.6.14  The southern Indian state, where illegal mining is rife, produces about 45m tonnes of iron ore a year and exports more than half of it to China. India's mining sector has experienced a boom driven ...

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Widening iron ore scandal hurts Adani, JSW - NDTV

2011.11.26  India’s wave of corruption scandals has hit yet another industry, iron ore mining, implicating companies that include the flagship of one of this nation’s richest men.

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Inside Simandou: The mining project that has cursed all

2017.6.5  In any case, it always intended to bring in a partner: in 2010, with the price of iron ore soaring, the Brazilian mining company Vale agreed to pay $2.5bn for 51pc of BSGR’s slice of Simandou.

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industry IRON ORE MINING CORRUPTION ENVIRONMENTAL

ArcelorMittal’s mining operations in Liberia Introduction 3 Executive summary 5 Key recommendations 6 1 ArcellorMittal in Liberia 7 1.1 Background 7 1.2 Concession overview 7 1.3 Investment plan 8 1.4 Iron ore mining sector development in Liberia 9 1.5 Challenges 10 2 Assessment of ArcelorMittal’s performance 12

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Corruption risks in mining remain despite UK probes dropped

28 Aug 2023, 8:58 am. Follow Bribery Corruption. Mining companies must remain vigilant to corruption risks despite recent announcements by the UK’s Serious Fraud Office (SFO), an expert in managing bribery and corruption risk has said. Edward James of Pinsent Masons was commenting after the SFO confirmed on 24 August that it had

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