Press Release - July 11, 2007

 Plans by US, Canada and EU to finance massive copper mine in DRC disregard Congolese government review of mining deals

On July 12, the US government’s Overseas Private Investment Corporation (OPIC) is set to give its backing to mining major Phelps Dodge/Freeport McMoRan for the company’s Tenke Fungurume copper project in the Democratic Republic of Congo (DRC). Other public lenders such as Export Development Canada (EDC) and the European Investment Bank (EIB) are expected to follow suit. These financing plans are proceeding in spite of the fact that the Tenke deal is among 60 contracts currently under review by the Congolese government.

Press Responses: September 19, 2007

Stop 'rogue' Canadian mining operations abroad, MP urges

Mike De Souza
CanWest News Service

Wednesday, September 19, 2007

OTTAWA - The federal government should immediately crack down on the unethical and destructive practices of Canadian mineral extraction companies that profit from weak laws and regulations in developing companies, NDP foreign affairs critic Alexa McDonough said Wednesday.

Press Responses : Thursday, September 23, 1999

 
Export credit agencies seek to improve environmental standards
Thursday, September 23, 1999
By The Canadian Press

OTTAWA (CP) -- Export credit agencies, which finance many of the world's biggest industrial projects, are trying to agree on stricter standards for environmental assessment. Officials from about 20 government-owned credit agencies, including Canada's Export Development Corp., met here Thursday to discuss the environment issue, while activists denounced the record to date.

Pages