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Resource Extraction

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Two main themes are covered in Resource Extraction in sub-SaharanAfrica in this section. One examines the connection between investment and developmentlooking at structures and activities at the local, regional, national and global levels that either support or undermine this intricate relationship. The other looks more specifically at the dynamics of stakeholder engagement to understand how conflict or collaboration transpires. In particular, we record struggles of local communities with their governments and the Multinational mining companies, to gain some small measure of control over their mineral resources, and their community life.

1. PWYP calls on oil and gas companies to do more to fight corruption and poverty
Author: PWYP Press Release, London Date Written: 30 April 2008
Primary Category: Resource Extraction Document Origin: Publish What You Pay
Secondary Category: -none- Source URL:
Key Words: oil, gas, companies, corruption, poverty,

Summary & Comment: Publish What You Pay calls on gas and oil companies to publicly disclose how much money they pay to governments for the right to extract so that citizens can track how the revenues are being reinvested. A 2008 Transparency International "Report on Revenue Transparency of Oil and Gas Companies," evaluates how 42 international and national . . . [expand]
2. Barrick sues book publisher over African allegations
Author: Joe Schneider Date Written: 30 April 2008
Primary Category: Resource Extraction Document Origin: Bloomberg
Secondary Category: -none- Source URL: http://www.bloomberg.com
Key Words: Barrick, book, sues, allegations, Bulyanhulu,

Summary & Comment: The world’s biggest gold producer, Barrick Gold Corp., has sued a Quebec publisher for damages over a book that claims the company was linked to crimes in Africa. The defendants "have engaged in a carefully orchestrated and unlawful campaign of defamation," Barrick said in the complaint. Barrick seeks a court order to pull all copies of t . . . [expand]
3. Longer, analytical article. Oil majors rapped over secrecy, corruption
Author: Abid Aslam: Washington Date Written: 29 April 2008
Primary Category: Resource Extraction Document Origin: Inter Press Service
Secondary Category: Africa General Source URL: http://www.ipsnews.net/
Key Words: resource extraction, revenues, disclosure,Transparency International,

Summary & Comment: Why are firms concealing their financial engagement with governments in the countries where they operate? Western firms and those from developing countries are similarly opaque when it comes to disclosing their payments to governments in countries where poverty prevails despite an abundance of natural resources. Lack of data on oil and gas revenues . . . [expand]
4. Longer, analytical article. Oil majors rapped over secrecy, corruption
Author: Abid Aslam, Washington Date Written: 29 April 2008
Primary Category: Resource Extraction Document Origin: IPS & Transparency International
Secondary Category: -none- Source URL: http://www.ipsnews.net; www.transparency-usa.org
Key Words: oil, majors, secrecy, corruption, TI, OPEC, oil, gas,

Summary & Comment: Leading oil firms impede efforts to stamp out poverty and corruption by shrouding their financial dealings in secrecy a new Transparency International report says. DN
5. Move to help poor countries benefit more from gold-mining
Author: IRIN, Dakar Date Written: 18 April 2008
Primary Category: Resource Extraction Document Origin: IRIN News
Secondary Category: Western Region Source URL: http://www.irinnews.org
Key Words: ECOWAS, gold mining, WACAM,

Summary & Comment: Countries in West Africa have not been working together to support each other’s standards, but are fighting to lower standards in a bid to attract foreign investors. The Economic Community of West African States and Oxfam America have launched a new mining code to put region-wide social, environmental and business practice standards in place across . . . [expand]
6. Democratic Republic of Congo: China to seal $9bn deal
Author: posted by Jenny Chu Date Written: 16 April 2008
Primary Category: Resource Extraction Document Origin: China Digital Times
Secondary Category: Economic Justice Source URL: http://chinadigitaltimes.net
Key Words: DRC, China, deal, copper, cobalt, investment, infrastructure,

Summary & Comment: In the largest deal of its kind in Africa China will provide $9 billion worth of investment in re-building infrastructure in exchange for copper and cobalt and begin to disburse a first tranche of money - about $3bn - for infrastructure projects right away. It gives the DRC about 2,400 miles of road, 2,000 miles of railway, 32 hospitals, 145 health . . . [expand]
7. Oxfam America and ECOWAS to create new mining code
Author: Oxfam America Date Written: 14 April 2008
Primary Category: Resource Extraction Document Origin: Oxfam America
Secondary Category: Western Region Source URL: http://www.oxfamamerica.org
Key Words: Oxfam America, ECOWAS, mining code, World Bank,

Summary & Comment: ECOWAS and Oxfam America (with the World Bank) have agreed to collaborate on creating a common new mining code for all of West Africa in order “to facilitate the contribution of civil society in the process of forming a common mining policy that is favorable to the poor, respectful of the protection principles of the environment and of human rights . . . [expand]

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