Reko Diq Copper Gold Mining project in District Chagai of Balochistan Background In the year 1993 the Balochistan Development Authority (BDA) and Chagai Hills Exploration Joint Venture Agreement (CHEJVA) entered into a joint venture in which the shareholding constituted of Foreign Investor at 75 % and BDA at 25 % and BDA was entitled to
India’s Knee Jerk Approach to China’s Maritime Dominance The nationalist fervor prevailing in India is spilling into the maritime sphere and its nationalists visualise the 7,500 km coastline as a connecting artery with the world's busiest shipping routes. It is perceived that China has invested heavily in Sri Lankan ports at Colombo and Hambantota. India’s
Corruption in Central Asia The Organized Crime and Corruption Reporting Project (OCCRP) has taken up the cudgels against organized corruption and corrupt practices. The Central Asian Republic of Kyrgyzstan figures prominently in the OCCRP investigations. Kyrgyzstan was foremost in launching anti graft campaigns and ensuring transparency in procurement and award of contracts where states resources
Canadian Mining company accused It has been highlighted by the Organised Crime and Corruption Reporting Project (OCCRP) that Panamanian mining professionals , numbering almost 200,000, have embarked upon a crusade to prevent open-pit mining by a subsidiary of a Canadian-listed company on the counts of having breached more than 200 environmental regulations ,damaging historical and
Russian Monopoly Russia retains a monopoly over the uranium conversion infrastructure. The world’s largest producer and exporter of natural raw uranium is Kazatomprom which has a joint venture with a Canadian firm.Kazatomprom has the largest uranium reserve base in the nuclear industry.Raw uranium has to be refined and enriched in order to be utilised
Barrick Gold of Canada which is re entering the mineral resource sector (copper gold) in Pakistan , after an international arbitration award, recently shared its policy on Anti – Bribery and Anti – Corruption. The company informed that Corruption causes widespread harm, fuels conflict and can result in misdirection of funds that would be used
