The New Colonialism: Britain’s Scramble for Africa’s Energy and Mineral Resources

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Via http://curtisresearch.org/publications/the-new-colonialism-britains-scramble-for-africas-energy-and-mineral-resources/

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Report for War on Want (July 2016)

This report reveals the degree to which British companies now control Africa’s key mineral resources. It reviews the operations of all the companies listed on the London Stock Exchange (LSE) that have mining interests in Africa, focusing on key minerals and metals such as gold, platinum, diamonds, copper, oil, gas and coal. It finds that 101 companies have mining operations in 37 sub-Saharan African countries. These companies, which are mainly British, now control an identified $1.05 trillion worth of resources in Africa in just five commodities — oil, gold, diamonds, coal and platinum. Of the 101 LSE-listed companies, one quarter are incorporated in tax havens. A determination to plunder the natural resources of Africa is taking place, with the active support of the British government; this is contributing significantly to a net drain of resources from Africa, already the world’s poorest continent.

1 Comment on "The New Colonialism: Britain’s Scramble for Africa’s Energy and Mineral Resources"

  1. What is to be done?Surely the British multinationals are looting OUR continent and its resources with the approval of our elected and entrusted leaders.

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