---------------------------------------------------------------------------
**** http://www.GOANET.org ****
---------------------------------------------------------------------------
Goanet joins Noel Rebello to raise money for Daddy's Home (Margao, Goa)
Sponsor Noel as he climbs Mt. Kilimanjaro (5,882m or 19,298 ft)
Make a donation at www.Goanet.org, click on MAKE A DONATION,
state "Daddy's Home" in the Donation comments
For more information see: http://bit.ly/SupportDaddysHome
---------------------------------------------------------------------------
Financial services provider Ernst & Young has warned that the mining sector has
become more susceptible to bribery and corruption following the global
financial crisis.
In a new report, 'Fraud and corruption in mining and metals', the firm said
that increased level of activity following the financial crisis is being
undertaken with “slimmed-down control environments” leading to greater fraud
risk.
The emergence of high-profile cases involving Rio Tinto and BHP Billiton has
raised awareness of corruption in the mining sector, and E&Y added that: “The
mining and metals sector has received significant bad press over alleged fraud
and corruption in the sector.”
Legislators are, however, increasingly looking at ways to punish fraudulent
behaviour.
The new Bribery Act being introduced in the UK in April next year will include
a law that will penalise companies for failing to prevent bribery and will
cover business-to-business as well as industry-government incidents.
The new Dodd-Frank Financial Reform Act in the US also indicates a move against
corruption, as it includes the requirement that all explorers, developers and
producers of oil, natural gas and minerals to include in their annual report
the details of any payments made to governments.
http://www.mining-journal.com/production-and-markets/e-and-y-warns-of-increasing-corruption-in-mining?dm_i=5O3,8WFZ,2M54PO,N9YJ,1
