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Vote Freeport McMoRan for 2012’s worst corporation on earth

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By Nick Magel

January 19, 2012

If communities in West Papua, Indonesia had anything to say about it Freeport-McMoRan would certainly be named the worst corporation in the world. Now you can help get Freeport-McMoRan listed as 2012’s worst corporation in the world.

Every year the Public Eye Award is given to the world worst corporation on earth. Previous winners include; Chevron, for their oil disaster in Ecuador; Newmont for their irresponsible mining and pollution in Ghana and Peru; AngloGold Ashanti, for it’s contamination of land and poisoning of people with its gold mining in Ghana. This year Freeport-McMoRan joins this shameful company as a finalist for the “award”.

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Tagged with: human rights, indonesia, freeport mcmoran, public eye awards, grasberg


SEC delays conflict mineral rules as human rights abuses continue

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By Nick Magel

January 12, 2012

There are varied definitions for conflict minerals. I usually define conflict minerals as minerals that are mined and used to influence and finance armed conflict, human rights abuses, and violence. 

I also like Global Witness’ definition of “conflict resources” as “natural resources whose systematic exploitation and trade in a context of conflict contribute to, benefit from or result in the commission of serious violations of human rights, violations of international humanitarian law or violations amounting to crimes under international law”.

Two years ago this term “conflict minerals” hit the US business community with a thud. See, the 2010 Dodd-Frank Act had a small section, section 1502, that mandated companies fully understand their supply-chain and report whether or not they were using conflict minerals - in this case tin, tungsten, tantalum, and gold - from the Democratic Republic of Congo (DRC). The definition used for this law is a specific one and only looks at conflict associated with minerals in the regions of eastern DRC.

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Tagged with: gold, dirty gold, international, conflict minerals, sec, congo, dodd-frank, drc, corporate accountability


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