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

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

Read the report here

NewColonialismCover

 

3 comments

  1. Thank you Mark, for letting us see this report and/or for publicising it anyhow. I wonder by how much the various governments insitu in Africa are aiding and abetting this fresh process.

  2. Neil Unwin says:

    The British (or is it really the English) have been exploiting other countries for hundreds of years, its just done in a more covert way now.. Many English people state unjustifiably “we want our country back”, not knowing or caring what damage their country has inflicted on so many others.. & still is doing..

1 pingback

Leave a Reply to Neil Unwin Cancel reply