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KordaMentha (2016) Foreign Bribery: Views from the Coal-face

In November 2015, Paul Curby and David Lehmann from the KordaMentha Forensic practice held round-table lunch discussions in Brisbane, Melbourne, Perth and Sydney to discuss issues related to foreign bribery and the Australian government’s response to it. In this article, they present the combined results of anonymous voting polls by participants at each of the lunches.

A different take on Indaba

Standing out the front of the Aquarium in Cape Town, South Africa we saw a group of small children quietly lining up outside. They stood out amongst the other groups of children surrounding them. Their eyes were the size of saucers, and they stood still, unsure of their surroundings. I commented on how timid they looked and Kissmea, who had arranged the trip for us, explained it was likely a lot of them had not been outside the township before. In that one moment I had never felt more grateful for my situation, motivated to do more and thankful we had contacted Love to Langa.

ASX-Listed Mining Projects in Africa Fact Sheet

AAMEG, together with SNL Metals & Mining has produced a fact sheet highlighting the ASX-listed mining projects in Africa which was launched at African Mining Indaba, Cape Town, 2016. Australia is one of the top investors in exploration in Africa with 190 ASX-listed companies and 590 projects across 38 countries.

Inside Africa – a new knowledge resource for business

AAMEG member Norton Rose Fulbright has just launched Inside Africa, a new global microsite for sharing its knowledge and insight with businesses operating across the continent and beyond. Inside Africa is currently focussed on areas including infrastructure, mining, power and transmission, renewables and oil and gas.

A Social Aspects Management Handbook – Increasing Shared Value through better Business Practices

AAMEG’s goal in supporting the development of this handbook is to enhance the ability of member companies to manage social and environmental risks in a manner that aligns with international guidelines and good practices and also brings lasting benefits for those affected by their projects. It is a way of doing business that not only contributes to success abroad but also reflects Australian values and reinforces Australian leadership in responsible business practices.

Global Financial Integrity (2015) Illicit Financial Flows and Development Indices: 2008-2012

Illicit Financial Flows (IFFs), stemming from crime, corruption and tax evasion have an outsized impact on the world’s poorest countries, according to a new study released by Global Financial Integrity (GFI), a Washington, DC-based research and advisory organization. Titled “Illicit Financial Flows and Development Indices: 2008–2012” the report also finds strong correlations between higher illicit outflows and higher levels of poverty and economic inequality. For nearly one-quarter of the 82 countries that were anaylsed, the ratio of IFFs to GDP is ten percent or higher; figures which should be attracting much more media attention.

Australia’s response to Recommendations on Bribery and Corruption in the OECD Phase 3 Report

The OECD issued its Phase 3 Report in October 2014 on Australia’s implementation of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business. Australia’s response to the recommendations of the OECD Working Group was published in April 2015. Of particular interest to AAMIG members operating in Africa are the OECD’s recommendations on the issue of the facilitation payments and Australia’s response to certain of the other capacity-building recommendations of the OECD.

2015 Budget Media Release

AAMEG issued a Press Release in response to the 2015 Federal Budget that encourages the Australia Government to continue building long-lasting and strategic partnerships with African countries as they grow and develop over the next decade.

Compelling case for a review of employee taxes for Aussies in Africa

A paper titled The case for reviewing Australian taxation of expatriate mining industry employees deployed to Africa to improve international competitiveness was produced by AAMEG in September 2014 after extensive consultation with the organisation’s members. This substantial document clearly demonstrates the unintended consequences that the introduction of s.23AG and Fringe Benefit Tax (FBT) changes have had on the Australian resource sector operating overseas.

DRC Mining Industry Awards honour best in sector in Kinshasa

Kibali Gold Project was named Mining Company of the Year at the inaugural DRC Mining Industry Awards that took place during a high-level gala dinner at the iPAD DRC Mining & Infrastructure Indaba on Wednesday, 22 October in Kinshasa.

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