Global Witness News
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Lansana Conte, the former dictator of Guinea, once held sway over an asset that mining companies craved: the world’s largest undeveloped iron ore deposit, valued today at as much as $50 billion.
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Army officers from Democratic Republic of Congo are smuggling gold through neighboring Burundi to Dubai using false documents, London-based advocacy group Global Witness said in a report.
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Danzer Group, a Switzerland-based wood processor, denied accusations by activist groups that one of its senior managers was responsible for human rights abuses in the Democratic Republic of Congo in 2011.
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Eurasian Natural Resources Corp. Chairman Mehmet Dalman resigned from his post amid a possible buyout bid for the mining company by founding shareholders and the Kazakh government.
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Eurasian Natural Resources Corp., an iron ore and ferrochrome producer in Kazakhstan, slumped in London trading after three executives were said to have quit and another take a leave of absence amid a possible buyout bid.
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Eurasian Natural Resources Corp. shareholder Alexander Machkevitch said he is considering joining his two fellow founders and the Kazakh government to make an offer for the mining company.
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Nigeria and Angola, Africa’s biggest oil producers, have granted stakes in oil fields to companies that may be acting as fronts for government officials, stifling development in both countries, according to anti-corruption group Global Witness.
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HSBC Holdings Plc and Goldman Sachs Group Inc . are among banks that held funds for Muammar Qaddafi ’s government investment fund, according to U.K. advocacy group Global Witness.
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Global Witness, the London-based advocacy group, said it’s withdrawing from the Kimberley Process, an organization it helped establish to monitor the sale of so-called conflict diamonds.
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Dan Gertler’s bearded face lights up as he looks out the helicopter window. Below, an installation twice the size of Monaco rises from a clearing in the central African forest, where it transforms ore mined from the ochre earth into sheets of copper.
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