World Bank Compliance Advisor/Ombudsman releases audit of due diligence review by MIGA for Anvil Mining project in Dem. Rep. of Congo - finds MIGA's review weak on conflict & security issues
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[PDF] World Bank Insurance Arm Fails to Protect Local Communities, Audit Finds: Bank’s Compliance Office Reveals Due Diligence Failures in DR Congo Mining Project
Author: Action Against Impunity for Human Rights (ACIDH); African Association for the Defense of Human Rights (ASADHO); Bank Information Center (BIC); Environmental Defense; Friends of the Earth U.S.; Rights and Accountability in Development (RAID)
A World Bank report investigating its support for Anvil Mining’s Dikulushi project in the Democratic Republic of Congo (DRC) finds...the Multilateral Investment Guarantee Agency (MIGA) evaluated the risks of conflict to its client and their assets, but did not adequately consider the risks that the project poses to local communities in the volatile Katanga region of the DRC. Congolese and international civil society organizations...urge the Bank to overhaul MIGA’s treatment of social risk and require that all companies receiving Bank support comply with international human rights standards and protections for local communities.
Author: Bureau du Conseiller/Médiateur (CAO) de la Banque Mondiale
Le Bureau du Conseiller/Médiateur (CAO), le mécanisme de recours pour la Société financiere internationale (IFC) et l'Agence multilatérale de garantie des investissements (MIGA)...diffuse aujourd'hui son rapport d'audit de la due diligence de l'AMGI dans le project de la mine de cuivre et d'argent de Dikulushi [d'Anvil Mining] en République Démocratique du Congo (RDC) après avoir reçu l'autorisation de diffusion du président du Groupe de la Banque mondiale.
Author: World Bank Compliance Advisor Ombudsman
On July 27, 2005 the President of the World Bank Group, Paul Wolfowitz, requested that the CAO audit the Multilateral Investment Guarantee Agency’s (MIGA’s) due diligence for the Dikulushi Copper-Silver Mining Project in Katanga Province of The Democratic Republic of the Congo (DRC)... While MIGA’s initial adherence to its Environmental and Social Review Procedures (ESRPs) was adequate, CAO considers that its follow-through on some social aspects was weak... Regarding security and human rights, CAO found that MIGA did not fully understand the implications for its client of implementing the Voluntary Principles on Security and Human Rights..., nor did it assess whether its client had the capacity to properly implement them.
[PDF] CAO Audit of MIGA’s Due Diligence of the Dikulushi Copper-Silver Mining Project in The Democratic Republic of the Congo - Final Report
Author: Office of the Compliance Advisor/Ombudsman - International Finance Corporation/Multilateral Investment Guarantee Agency
The CAO’s audit focused on the following aspects of MIGA’s due diligence:
• Security and Conflict – MIGA’s ‘core business’ due diligence as Political Risk Insurers...
• Adherence to MIGA’s Environmental and Social Review Procedures...
• New commitments under the World Bank’s EIR [Extractive Industries Review] Management Response... [also refers to RMB International (part of FirstRand), First Quantum Minerals]