Mining giant Glencore accused in child labour and acid dumping row
Source: The Guardian
Mining giant Glencore accused in child labour and acid dumping row
London-listed company denies polluting river in Congo and
profiting from children working underground
John Sweeney
guardian.co.uk, Saturday 14 April 2012 19.00 BST
Glencore, the commodity and mining firm worth £27bn, stands accused in the Democratic Republic of Congo of dumping raw acid and profiting from children working 150ft underground.
The revelations come as the notoriously secretive Swiss-based company, which floated on the London Stock Exchange last year, seeks to merge with mining firm Xstrata in a £50bn-plus deal. When Glencore floated in London, five of its partners became billionaires, but the biggest winner was Glencore's chief executive, Ivan Glasenberg, whose stake is worth £4bn. The company was founded in 1974 by Marc Rich, once one of the FBI's 10 most wanted fugitives, but now pardoned and outside Glencore.
In his first television interview, Glasenberg said that Glencore took corporate responsibility seriously, saying: "We care about the environment. We care about the local communities."
But an investigation by the BBC's Panorama has found Glencore dumping acid into a river and it discovered children as young as 10 working in the Tilwezembe mine, which was officially closed by Glencore in 2008. International law prohibits anyone under 18 working in a mine. Undercover researchers at Tilwezembe found under-18s who climbed down hand-dug mineshafts 150ft deep without safety or breathing equipment to dig copper and cobalt.
[font size=1]
-snip-[/font]
Read more:
http://www.guardian.co.uk/business/2012/apr/14/glencore-child-labour-acid-dumping-row