glencore

Glencore unit in court over corruption case


The case, which also involves other companies including Dutch grains firm Codrico, is the culmination of a probe that has been running for more than seven years, involving a former EU agriculture official who is accused of giving out market-sensitive information on prices and quotas.Former EU agriculture department official Karel Brus is accused of passing confidential information relating to EU export subsidy application decisions to a French farming lobbyist between 1999 and 2003.A police source said on Wednesday that a 12,000 euro ($16,400) luxury Christofle cutlery set was among the gifts given by one of Glencore’s co-defendants to an EU official. The source said he also received holidays and other offerings.Glencore, the world’s largest diversified commodities trader, said ahead of its listing earlier this year that its subsidiary Glencore Grain Rotterdam, a former employee and a current employee had been charged in the case.It said the investigation was probing a public official, the European Commission’s Directorate General for Agriculture and others for “violation of professional secrecy, corruption of an international civil servant and criminal conspiracy”.The case involves a total of 17 defendants who are alleged to be involved in the conspiracy in some way, including Union Invivo, a French agricultural cooperative.There will be four hearings per week after the case starts in earnest in March or April next year, officials said.Officials hope to conclude the case by the end of June, but there is a preliminary hearing pencilled in for the middle of January to finalise some of the details.The investigation started in 2004 following a complaint by the European Anti-Fraud Office, the police source said. It covers facts dating from 1999 to 2003.Glencore declined to comment. Invivo and lawyers for Codrico were not immediately reachable for comment.


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How the Swiss get rich at Zambia’s expense

Zambia sits on Africa’s largest reserves of copper and a single Swiss Company is making billions from mining this resource. Zambians, however, see nothing of this wealth, and most live on less than a dollar a day. How is that possible?

More posts of Exploitation of africa

via This is Africa

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Patrick Clair - Glencore


Commodities speculation has a very human cost.
This video was produced for the documentary series HungryBeast on Australia’s ABC1.


Directed by: Patrick Clair
Written by: Scott Mitchell
Production Company: Zapruder’s Other Films

www.patrickclair.com

The Glencore Letter Exposed

With the present letter, we wish to advise you of certain factors to be considered in your coverage of our client, Glencore International AG…

Any discussion of, for example, marital infidelity on the part of one of the executive team, or pending fraud charges on the part of two others will not be tolerated and will lead to the severest of legal penalties…

In a similar vein, journalists are strongly advised not to make any mention of albino Latvian midget nuns, the Great Jello Stampede of 1987, or a reported financial interest that one of the executives might allegedly have in a Namibian table tennis fixing…

Read the whole fantabulous satire at the Opaki Factor!

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BRILLIANT ANIMATION! HUNGRY BEAST: Glencore

vimeo

Glencore. A motion graphics project Released on vimeo 12 days ago by Patrick Clair.

I find this kind of motion graphics highly inspiring. Important messages for real things happening. It is a practice of Ethics implemented with the visual aesthetic. Much respect Patrick, I’m glad someone is doing this.

vimeo
Glencore by Patrick Clair

Commodities speculation has a very human cost.
This video was produced for the documentary series HungryBeast on Australia’s ABC1.
Directed and Designed by: Patrick Clair
Written by: Scott Mitchell
Production Company: Zapruder’s Other Films

vimeo

by Patrick Clair 

minnpost.com
MinnPost: Remember BP's Tony Hayward? He's trying to get his life back in northern Minnesota

Tony Hayward has been recently hired by a company called Glencore. Don’t feel bad if you haven’t heard of it. It has been trying for years to be invisible to the naked eye. It was briefly in the news back in the Clinton years when its founder, Marc Rich, violated federal law by trading oil with Iran and went on the FBI’s most wanted list. Things cooled off fairly quickly because President Clinton pardoned Rich as Bill was on the way out of the White House door. Rich was, well, rich. He gave money to the Clinton campaign. I’m not saying. I’m just saying.


So Glencore ends up being one of the biggest, if not the biggest, commodities traders in the world. It handles everything from metals to fuel and has operations all over the globe. It doesn’t have a very nice record in some parts of the world where it has been accused of mistreatment of workers, pollution and very much worse. Now Glencore is putting its money in northern Minnesota. It is has just become the principal investor in a mining operation planned for Hoyt Lakes. 

Seems like a match made in heaven, amirite?

Also: oh helllllllll nawwwwwww. GTFO of my state you bastard! 

startribune.com
Environmental groups want Dayton to intervene in copper-nickel mine review - Star Tribune

[Dave] Chambers said, no mine plan is foolproof. Environmental review and permitting can lay out strategies for mitigating risk, but they are not designed answer a critical question for the public, he said.

“Is it worth the risk?” he said.

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Glencore beast file.