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    BREAKING NEWS
    $12 Billion Environment Financing Center – The Green Climate Fund permitted to earn African Equity Financial Investment to overcome the Impact of a Warming World
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    New Era for Equatorial Guinea and Cameroon, Signing  Bilateral Agreement through Cross-Border Cooperation
    South Africa and Stellantis has Greeted a Pact to Develop a Unique Automobile Manufacturing Facility
    Dr. Akinwumi Adesina AfDB’s President maintains it is time to Develop Youth-Based Wealth to Bolster a Better Comprehensive Nigerian Economy
    Abidjan to host on March 17th 2023 the 8th Session of the Steering Committee for the Construction Project of a Motorway between Abidjan and Lagos
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    Rio Tinto intensified conflict resolution team for Guinean Bauxite

    Posted On 13 Feb 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 8

    By Abdul Rahman Bangura–

    Photo Credit: International Mining

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Rio Tinto Limited announced on February 12th, 2021 it has given aptitude to its Guinean counterpart to assist resolve a controversy with local neighborhoods over
    resettlement for a bauxite mine.

    Moreover, Guinean burgher in towns around the mine cataloged a grievance in 2019 with International Finance Corporation – a multinational development institution associated to the World Bank, contending contraventions by miner Compagnie des Bauxites de Guinée SA (CBG) of its commitments around resettlement and pollution.

    Bauxite producer CBG is 51% held by consortium Halco Mining Inc and 49% acquired by the Guinean administration. Rio Tinto and Alcoa Corp each eye 45% of Halco, while Dadco Investments clenches the remainder. Rio asserted in an affidavit, it had given CBG a Guinea-based Africa expert and a manager with acquaintance on resettlement and human rights, in a way to motivate it to work towards a consequence aligned with global criteria.

    The international miner is squabbling to rehabilitate its status around how it governs human rights after it obliterated two ancient rock shelters sacred to Australian Aboriginal lineage for an iron ore mine in May 2020.

    Rio, which has board expression on Halco and CBG as well as numerous shareholder oversight committees, explained the two factions entered agreement in December 2020 on ground statutes for the mediation scheme.

    In 2018, Human Rights Watch ascertain that, CBG and another bauxite producer routinely displaced rural denizens from their land to build mines, roads, and other infrastructure.

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

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    Email: Info@newafricabusinessnews.com

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    About the Author
    New Africa Business News Staff Correspondent
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    8 Comments

    1. Tommy February 13, 2021 at 2:06 am Reply

      Thank you for the newsletters, love it. Berlin, Germany. Tommy

      • New Africa Business News, Staff Correspondent February 13, 2021 at 2:07 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Sam February 13, 2021 at 2:12 am Reply

      Mining all over the continent. Time for our great natural resources to benefit our people and our continent. Lagos Nigeria. Sam

      • New Africa Business News, Staff Correspondent February 13, 2021 at 2:15 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Nobel February 13, 2021 at 2:18 am Reply

      I love the daily newsletters. Many thanks. GABORONE, BOTSWANA. Nobel

      • New Africa Business News, Staff Correspondent February 13, 2021 at 2:19 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Robert February 13, 2021 at 2:26 am Reply

      Congrat Journalist Bangura for the win. You deserved it. Kigali, Rwanda. Robert

      • New Africa Business News, Staff Correspondent February 13, 2021 at 2:27 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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    $12 Billion Environment Financing Center - The Green Climate Fund permitted to earn African Equity Financial Investment to overcome the Impact of a Warming World

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