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[PDF] Unrestrained Consumption - on Africa's Expense

Author: DanWatch, Published on: 1 March 2010

The African continent contains a large proportion of the world’s metal and mineral reserves, and African countries are thus the proprietors of a valuable natural resource...[but] the African countries from which these materials are extracted remain amongst the poorest in the world. With this report DanWatch puts focus on the methods with witch international mining corporations exploit natural resources in Africa, without the countries' population benefiting from it. With the production of goldmines in Ghana as a specific case study, the costs and challenges of mining and the mining corporations’ methods of minimizing their tax contributions are explained...With capital flight and exploitation of the taxing system the international mining corporations minimize their tax contribution to the African countries. In this manner they work to the detriment of the development of these countries and instead entail large detriments to the environment and local population, in that work related accidents, breaches of human rights, and massive pollution of the water and air are common in the industry. [refers to Anglogold Ashanti, Gold Fields, Golden Star Resources, Newmont, Chirano Gold Mines (part of Red Back Mining). Business & Human Rights Resource Centre invited Golden Star Resources and Red Back Mining to respond; Golden Star declined to respond and Red Back Mining did not respond.]

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Related companies: AngloGold Ashanti Gold Fields Golden Star Resources Newmont Goldcorp Red Back Mining