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Article

22 Mar 2011

Author:
Albert ten Kate & Joseph Wilde-Ramsing, pub. by SOMO / WISE (World Information Service on Energy)

Little profit for African countries from uranium mining

The report Radioactive Revenues analyses the financial aspects of uranium mining in the main African uranium producing countries – Namibia, Niger, Malawi and South Africa – and examines the activities of the four largest multinational uranium mining companies in Africa: the French AREVA group, the English-Australian Rio Tinto, the Australian Paladin Energy and the South-Africa-based AngloGold Ashanti...Investment agreements between governments and multinational are rarely made public. Of the four companies, the researchers found Paladin Energy to be the least transparent about its payments to Malawi and Namibia...[Business & Human Rights Resource Centre invited Paladin to respond but it did not do so. Rio Tinto and AngloGold Ashanti sent additional comments on the report, see below]

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