The lack of engagement with local communities is at the root of many conflicts arising in the extractives industry.
Afghanistan is teetering on the edge. A little-known bill just passed the upper house of its parliament that could help counter threats to the country's stability and future development, but only if the U.S. government works with Afghanistan to ensure that it is fixed before it becomes law.
In a relentless sweep across Guinea, Liberia, and Sierra Leone, the largest outbreak of Ebola, a virus that causes dramatic internal bleeding and often a hasty death, has now claimed 467 lives, from 759 infections, since February this year, according to the World Health Organization (WHO).
The notion of resource curse has engulfed African countries, which are rich in natural resources and heavily depend on revenues from these resources. The resource curse is characterized by poverty-stricken, corruption and violent.
The Department of State recognizes recent progress in the Democratic Republic of the Congo (DRC) and Republic of Rwanda towards developing legitimate supply chains for the conflict minerals (gold, tin, tungsten, and tantalum, and their ores) identified in Section 1502 of the Dodd-Frank Wall Stree
Conflicts with local communities over mining, oil and gas development are costing companies billions of dollars a year.
In March 2014, the EU Commission published a proposal on conflict minerals reporting, criticized by some as falling behind both expectations and comparable regulation in the U.S. Driven by a steady growth in global demand, prices for metallic raw materials have risen over the past years.
Diamonds and Rubber in Sierra Leone, oil in Angola and Sudan, tantalum and gold in the Democratic Republic of the Congo, copper in Zambia – the list of the natural resource wealth the Africa possesses is a long one. However, these riches have not always been a blessing for the continent.
A U.S. appeals court on Monday struck down parts of a regulation that forces public companies to disclose if their products contain "conflict minerals" from a war-torn part of Africa, saying it violates free speech rights.
The governance challenges of natural resource extraction are enormous. What can be done to improve natural resource governance? ECC’s Stephan Wolters talked to Peter Eigen, Founder of Transparency International and Chair of the Extractive Industries Transparency Initiative (EITI) from 2006-11.
An unusual combination of industry, government, investors and civil society here is celebrating the United States’ initial acceptance into a prominent global initiative aimed at strengthening transparency and accountability in the extractives industry.
It turns out the choice between gold and historical preservation is an easy one to make for officials in Georgia: the government is going for gold.
"GOING GREEN" has rapidly become the new norm for the industries of tomorrow.