Monday, August 16, 2010

Fraud and corruption in mining and metals


The global financial crisis has weakened mining and metals companies’ defenses against fraud. To meet rising metals demand, mining and metals companies are operating in territories that provide increased exposure to corruption.

Corruption exposure in new markets
The recovery in metal prices has encouraged mining and metals companies to reactivate capital projects and exploration activities. Often in the quest for expanded production and higher returns, these projects are being conducted in countries more prone to corruption, and hence greater risk.

See full Article.