Thursday, August 02, 2007

Exploiting Africa

"A British mining firm linked to abuses around the world is banking huge profits at Africa's expense"

http://www.guardian.co.uk/commentisfree/story/0,,2140854,00.html

"Britain has supported the World Bank-led rewriting of dozens of countries' mining laws, resulting in foreign firms paying much lower corporation tax and royalties to host governments. In Ghana the government gets a minuscule 5% of the value of all minerals exported. No wonder Anglo American was able to make $6bn profits last year."

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