Tag Archives: mopani

EIB beneficiaries face complaint for violating OECD “arm’s length” principles

Brussels – Five NGOs (1) have filed a complaint (2) against Glencore International AG and First Quantum Minerals Ltd for violating the OECD guidelines for multinational enterprises as their Zambian subsidiary Mopani Copper Mines (MCM) is alleged of dodging taxes for their benefit. MCM received a €48 million loan from the European Investment Bank (EIB). […]

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Zambian media coverage of Mopani audit

POST NEWSPAPER 1. Mopani is dodging taxes – CSOs -10 Feb. 2011 2. Mopani, taxes -10 Feb. 2011, 3. Prof Saasa urges govt to re-think its position on mining taxes– 11 Feb. 2011 4. Windfall tax justified– 12 Feb. 2011 5. Nawakwi demands audit of all mines -12 Feb. 2011 6. Foreign mine owners have […]

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source: European Parliament

A vote for development

On Thursday the European Parliament votes for the first time on the reviewed mandate of the European Investment Bank (EIB) to lend outside of the EU. The EIB lends EUR 10 billion outside of the EU, but its last mandate to do so was struck down by the European Court of Justice, in part because […]

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Publicly funded Swiss company is dodging taxes in Zambia

Joint press release by Counter Balance, Eurodad, Tax Justice Network and CTPD A Swiss mining company, funded with EU development monies, is siphoning its profits out of Zambia without paying taxes. Instead it is putting the money into a tax haven, Switzerland, according to a document leaked to the Counter Balance coalition . Mopani Copper […]

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En Zambie, les mines de Glencore font tout pour échapper au fisc

Par Pierre-Alexandre Sallier in Le Temps Un rapport accable les tours de passe-passe du conglomérat domicilié à Zoug Minoration des ventes, inflation artificielle des coûts… Alors que son passage sous le frontispice de la bourse de Londres est annoncé pour les prochains mois, Glencore voit ses activités minières en Zambie mises à l’index par un […]

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