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.

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.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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