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UNCTAD 2007 World Investment Report focuses on extractive firms' impacts on development

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Article
1 August 2007

[PDF] full report: "World Investment Report - Transnational Corporations, Extractive Industries and Development"

Author: UN Conference on Trade & Development (UNCTAD)

The World Investment Report 2007 focuses on the role of transnational corporations in extractive industries... Transnational corporations can bring in the finance and management skills [poor] economies need... But as we know, the extraction of natural resources involves considerable economic, environmental and social challenges. The objective is to ensure it is done in the most efficient and environmentally friendly manner possible, while at the same time contributing to poverty alleviation and accelerated development. For that, we need institutional and regulatory frameworks promoted by accountable Governments, as well as responsible investors. [Includes recommendations for host countries, home countries, international community, companies. Refers to Codelco, AngloGold Ashanti, Debswana (joint venture Botswana Govt. & De Beers), ConocoPhillips, ExxonMobil, Shell, Phelps Dodge (now part of Freeport-McMoRan), CNPC, Chiman mine (Zambia), Zambia Consolidated Copper Mines (ZCCM), Occidental, Kelian (joint venture Rio Tinto & PT KEM), Inco (now part of Companhia Vale do Rio Doce), BCL (Bamangwato Concessions Limited), BHP Billiton, Texaco (now part of Chevron), Chevron, Petronas, CNOOC, Sinopec, Barrick Gold, Teck Cominco, Glencore, Xstrata, Anglo American, Antofagasta, Newmont, Grupo Mexico, Alrosa, Norilsk Nickel, Gold Fields, Harmony Gold, Impala Platinum, Total, ENI, Inpex, Nederlandse Aardolie Mij, Norsk Hydro, Statoil, Repsol, BP, Sonatrach, Petrobras, ONGC, Gazprom, Lukoil, Tatneft]

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Article
16 October 2007

World Investment Report 2007 - Transnational Corporations, Extractive Industries and development: Highlights

Author: UN Conference on Trade & Development (UNCTAD)

Drawing on unique data, the Report examines TNC involvement in the extraction of mineral resources and...explores how the participation of TNCs may help or hinder long-term, broad-based economic development in developing countries -- the best approach for reducing poverty and raising living standards. It considers how energy and mineral extraction can help governments achieve such aims.

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Article
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Author: Conférence des Nations unies pour le Commerce et le Développement (CNUCED)

Un responsable de la Conférence des Nations unies pour le Commerce et le Développement (CNUCED), Mme Anne Miroux, a vivement critiqué...l'opacité des contrats miniers entre les Etats africains et les sociétés transnationales. "Ces contrats ne sont jamais rendus publics. Je ne suis pas sûre qu'ils tiennent compte d'abord des intérêts des peuples africains", a [t-elle] affirmé...

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