Word: traded
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...Global Witness, although the Congolese army and FDLR rebel groups have been warring on opposite sides for years, they are collaborators in the mining effort, at times providing each other with road and airport access and even sharing their spoils. Researchers say they found evidence that the mineral trade is much more extensive and profitable than previously suspected: one Congolese government official reported that at least 90% of all gold exports from the country were undeclared. And the report charges that the failure of foreign governments to crack down on illicit mining and trade has undercut development endeavors undertaken...
Never on a Sunday? Not anymore in France, where the upper house of Parliament ended a bruising, two-year political battle by giving final approval to a law that will allow some stores to trade on the seventh...
...report released earlier this week, Global Witness claims that multinational companies are furthering a trade in minerals at the heart of the hi-tech industry that feeds the horrendous civil war in the Democratic Republic of Congo (DRC). (Global Witness is the same nongovernmental organization that helped expose the violence that plagues many of the sources of diamonds.) However, the accused companies, with varying degrees of hostility, deny any culpability, saying Global Witness oversimplifies a complex economic process in a chaotic geopolitial setting. (See pictures of diamonds set on onyx and black enamel...
...study, Faced with a Gun, What Can You Do?, raises questions about the involvement of nearly 240 companies spanning the mineral, metal and technology industries. It specifically fingers four main European and Asian companies as open buyers in this trade: Thailand Smelting and Refining Corp. (owned by British Amalgamated Metal Corp.), British Afrimex, Belgian Trademet and Traxys. And it questions the role of others further down the manufacturing chain, including prominent electronics companies Hewlett-Packard, Nokia, Dell and Motorola. Even though the companies may be acting legally, Global Witness criticizes their lack of due diligence and transparency standards at every...
British Amalgamated Metal Corp. (AMC) firmly denies the accusations, citing its standing objective to improve visibility so that warring parties do not benefit from trade. "We are disappointed with the number of inaccuracies and omissions in the report and are concerned that all the facts should be properly represented in a balanced way," AMC said. The company statement went on to say, "We are concerned that Global Witness' approach will lead to a de facto ban on the trade which we do not believe is in either the short term or the long term interests of the Congo either economically...