More than 360 families who were forcibly relocated to make way for the expansion of AngloGold Ashanti’s mine in Siguiri, Guinea will be compensated by the company. The agreement concludes a six-year mediation process facilitated by the World Bank Group’s Compliance Advisor Ombudsman.
The Guinea-based subsidiary of mining giant AngloGold Ashanti, one of the world’s largest gold mining companies, has agreed to a financial settlement with families who were forcibly relocated to make way for iys gold mine in Siguiri prefecture in late 2015 and 2016.
Despite the mining industry’s enhanced focus on responsible tailings management, high-risk projects are still being advanced. It’s time we all took a greater interest in how transition minerals are produced.
Indonesia’s highest court has ordered the revocation of the environmental permit for the Dairi Prima Mineral mine, a zinc-and-lead mine being built in a seismically active zone in Sumatra.
The Supreme Court of Indonesia has withdrawn approval for a zinc mine and dammed waste pond being built near a fault line in North Sumatra. The ruling comes as a relief to locals, who feared an earthquake would destroy the dam, flooding villages below with toxic waste.
Freshfields Bruckhaus Deringer, a global law firm, has been tapped by the World Bank to probe accusations that the International Finance Corporation interfered with an investigation into alleged child sexual abuse at a chain of schools it funded in Kenya.
The internal inquiry by the bank’s ombudsmen will address complaints that its private lending arm, International Finance Corporation, is indirectly supporting the Surabaya coal complex. IFC denies any non-compliance with existing policies.
A new report reveals that the World Bank’s private sector arm, the International Finance Corporation (IFC), has indirectly financed at least one captive coal project on Indonesia’s Obi Island via its financial intermediary client, Hana Bank Indonesia.
The World Bank’s private investment arm is refusing to directly compensate individuals who faced sexual, physical, and financial harms at a chain of schools it funded in Africa and India, despite requests from the people who were hurt and pressure from civil society advocates, U.S. senators, and an internal watchdog.
A new study by civic society groups accuses the Asian Development Bank of indirectly financing coal power plants in Indonesia as the multilateral holds its annual general meeting in Tbilisi, Georgia.
