Anglo American – Planned extension of Minas-Rio mine despite leaks in pipeline

 Minas Rio Mine. Google Earth Image.  | Bild (Ausschnitt): © Google Earth - Google Earth

The Dirty Profits 6 was released in May 2018 and reported on violations committed by mining companies including environmental and human rights violations. One of the companies covered in the report was Anglo American, a large multinational mining and raw material processing corporation. There were two cases in the Brazilian state Mina Gerais in March 2018 that lead to considerable pollution due to leakages that were found in the iron pipeline.   ... →

Dirty Profits 1-6

Dirty Profits 6: 

The global extractives industry is heavily involved in some of the worst labour, environmental and human rights violations. The rights of communities, farmers and indigenous people are being trampled in the push for ever more extraction. Indeed all businesses must respect and contribute to the society where they operate, and investors too have a critical role to play, particularly in the current mining upturn.   ... →

Exhibition: Dirty Profits: Commodity Investments and its impacts on People and the Environment.

FES-02-04-2014-14-webThe opening of the exhibition “DIRTY PROFITS: commodity investments and the consequences for man and the environment” in cooperation with the Friedrich-Ebert-Stiftung, on April 02, 2014, was a resounding success. More than 100 visitors interested in pursuing an exciting panel discussion with experts, NGO s, and Members of the German Bundestag were able to engage in discussions regarding banking and the consequences of German and European commodity investments and ways to regulate this.   ... →

Commerzbank Chief Executive Confronted with the Dirty Profits Report

In a recent interview with the Frankfurter Rundschau, Frank Annuscheit, Commerzbank’s Chief Operating Officer and head of the Bank’s Environmental Committee, promoted the bank’s progressive turn towards “green” policies aimed at making the bank more sustainable and environmentally friendly. However, when confronted with the findings of the Dirty Profits report – which outline the bank’s financial involvement with controversial companies known for extensive human rights and environmental damages (e.g., Glencore, Anglo American, and Gazprom) – the executive cited bank-client confidentiality, stating only that the bank monitors such investments closely.   ... →