Rapid expansion opens up mining sector for fraud

Friday, September 10, 2010

The mining sector was becoming increasingly vulnerable to fraud and corruption, as strong demand for minerals encouraged faster expansion, advisory firm Ernst & Young (E&Y) said on Wednesday.

E&Y global mining & metals leader Mike Elliott said that mining companies have reactivated capital projects and exploration activities in frontier areas, with large amounts of money being spent in these new areas.

The global financial crisis also increased the risk of fraud and corruption because of control cost cuts.

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Rapid expansion opens up mining sector for fraud

The mining sector was becoming increasingly vulnerable to fraud and corruption, as strong demand for minerals encouraged faster expansion, advisory firm Ernst & Young (E&Y) said on Wednesday.

Relay team hunts elusive gold

Nico launch late Houdini act

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