sharing in governance of extractive industries
A semi-regular round-up of the latest news re: the extractive sector and transparency. You can also read the post, with images and GIFs, here.
The ICIJ, working with Cenozo and journalists from more than 11 West African countries, analysed millions of leaked documents related to offshore finance. Specifically, the Panama and Paradise Papers, as well as those relating to the Offshore and Swiss Leaks (see the ICIJ Offshore Leaks database).
This investigation resulted in stories exposing “the financial secrets of some of West Africa’s most powerful politicians, moguls and corporations.” The articles cover a range of different issues, here are links to a few of the extractives-related ones:
We’re all familiar with blood diamonds, but Global Witness recently revealed that a much more mundane mineral also contributes to conflict: talc. IS fighters in Afghanistan are making money through the illegal mining of the mineral, with much of the talc ending up in the US and Europe. It’s hard to calculate just how much IS is making, but a ‘reasonable’ mid-range estimate put the figure ‘somewhere in the hundreds of thousands’. The report goes on to clarify that while this amount may not seem large, it could nevertheless be a significant source of funding, given that IS fighters in the country are thought to number less than a thousand.
In case your burning question about the royal wedding was the provenance of Meghan's wedding band, you can set your mind at rest. The ring – as is apparently traditional for royals – was made out of Welsh gold, originating from the Clogau St. David mine in northwest Wales.
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