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.
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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.
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.
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.
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.
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.
The formation of the Indian Ocean Business Alliance (“IOBA”) was announced on Monday 6 October at the Indian Ocean Rim Association Conference being held in Perth. The founding members include eight Australian organisations including the Australia-Africa Mining Industry Group (“AAMIG”).
A copy of AAMIG’s 2013-14 Annual Report can be downloaded here.
The links to the documents relating to the Annual General Meeting (AGM) of Members to be held on 16 October 2014 can be found in the post.
Please click here for a note from our Company Secretary in relation to the correction of a typographical error contained in the Notice of AGM circulated to members on 24 September 2014.
During ADU we will be located at booth 77. We have arranged for a number of Not for Profit organisations to be available at our booth explore possible partnerships with members.
COMESA and the Government of Western Australia have established a joint working group to spearhead the implementation of a Memorandum of Understanding (MoU) on the development of mineral and petroleum resources.
The MoU was signed in January this year in Lusaka by Western Australia Premier Mr. Colin Barnnet and COMESA Secretary General Sindiso Ngwenya.
A summary note has been prepared for AAMIG members. This information constitutes general advice and companies should obtain independent legal advice so that they understand what is appropriate for their operations.
Please login to the ‘Members Only’ section of the website and click through to ‘Useful Information’ to read the letter.
Stellar Recruitment have again made a donation to AAMEG as part of their initiative to promote Corporate Social Responsibility. After placing two candidates for Resolute Mining’s Process Plant, the company together with Resolute Mining chose AAMEG as its preferred CSR promoting group.
AAMEG and Australian Volunteers for International Development (AVID) established a partnership in August 2013, to encourage mentoring support to Australian volunteers in Africa.
Do you operate overseas? ASIO Business Liaison Unit (BLU) provides a public interface between the Australian Intelligence Community and Australian Business. The BLU provides a resource to Australian business security managers.
The Singapore Mining Club has recently launched with the aim of promoting the growth of the mining industry in Singapore, and promoting Singapore itself as a centre of mine financing and management, through a range of networking, investment promotion and government and industry liaison activities.
AAMIG members and DFAT met for discussions on The Business Smart Traveller (“BST”) on Thursday 27 February. BST aims to assist employers and their employees undertaking business travel to make safe travel decisions.
Are you able to help improve education opportunities for children living in impoverished communities? If so a 40ft container of educational materials will be shipped to Burkina Faso in mid-January 2014.