Publication Laka-library:
Radioactive revenues: Financial flows between uranium mining companies and African governments (2011)
| Author | SOMO, Wise, A.ten Kate |
 |
6-01-2-20-105.pdf |
| Date | March 2011 |
| Classification | 6.01.2.20/105 (URANIUM - MINING / PRODUCTION / STOCKS / PRICES) |
| Front | 
|
From the publication:
1 Executive Summary Uranium mining in Africa: Four host states, four multinational corporations In 2009, Africa’s share of worldwide uranium mining amounted to 17%, with the vast majority ofuranium production taking place four African host states: Niger, Namibia, Malawi and South Africa. During the period 2009–2012, uranium production within these four host states is expected to increaseby a staggering 118%. During the period 2005–2009, four multinational corporations accounted for thevast majority of African uranium production. They were the French AREVA group, the Anglo-AustralianRio Tinto, the Australian company Paladin Energy and the South Africa-based AngloGold Ashanti.These four corporations are likely to continue to be the dominant players at least through 2012. Thesefour African host states and four multinational corporations are the focus research. The report aims to: Shed light on the revenue streams between uranium mining companies and African host states in terms of the major sources of revenue and the stability or volatility of the streams. Contribute to a better understanding of the regulations on revenues and/or investment agreements that African host states have in place, the importance of these regulations on securing revenues, and the possibilities for altering the regulations to ensure that a greater portion of revenues contributes to the sustainable development of the host country. Elucidate the extent to which multinational corporations transparent about their payments of taxes, royalties, and other financial contributions to the host states and the differences between the contributions from the companies. Provide recommendations to African host state governments and multinational uranium mining companies for ensuring that a greater portion of revenues contributes to the sustainable development of the host country.