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News

Aug 212015
 

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.


Jun 042015
 

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.


May 202015
 

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.


May 152015
 

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.


May 112015
 

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.


Nov 102014
 

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.


Oct 062014
 

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”).