DOCSLIB.ORG

Anglo American Plc with Its Subsidiaries, Joint Ventures and Associates Is a Global Leader in the Mining and Natural Resource Sectors

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Anglo American Plc with Its Subsidiaries, Joint Ventures and Associates Is a Global Leader in the Mining and Natural Resource Sectors Annual review 2000 Anglo American plc with its subsidiaries, joint ventures and associates is a global leader in the mining and natural resource sectors. It has significant and focused interests in gold, platinum, diamonds, coal, base and ferrous metals, industrial minerals and forest products, as well as financial and technical strength. The Group is geographically diverse, with operations and developments in Africa, Europe, South and North America and Australia. Anglo American represents a powerful world of resources. Headline profit 01 Financial highlights 32 Ferrous metals 02 Chairman’s statement 33 Forest products 04 Chief executive’s statement 34 Non-core activities 08 Our world-class business 36 Exploration US$2 billion 12 Our diversity 37 The business – an overview 16 Our people 38 Board of directors 20 Safety, health & environment 40 Summary financial statement 21 Social responsibility 40 Statement of the auditors 22 Group profile 41 Summary consolidated profit 24 Operating reviews and loss account 24 Gold 42 Summary consolidated balance sheet 25 Platinum 43 Summary consolidated cash flow 26 Diamonds 44 Summary segmental analysis 28 Coal 45 Summary of exceptional items Headline profit up by 53%, with 29 Base metals 46 Summary remuneration report significantly improved markets for 31 Industrial minerals 47 Three year financial information summary platinum group metals, diamonds, 48 Notice of annual general meeting base metals, paper and pulp. The Group’s Annual Report 2000 which includes the financial statements, directors’ report and report of the auditors (which is unqualified) is available to shareholders free of charge from the Company’s Registrar. Headline profit US$ million 2000 A separate Safety, Health and Environment Report is available on request. 2,000 1999 The Annual Review 2000, the Annual Report 2000 and the Safety, Health and Environment 1,308 Report 2000 are available on the corporate website: www.angloamerican.co.uk 1998 (pro forma) 1,159 Dividend Acquisitions Disposals 190 US cents US$3.4 US$1.3 billion billion Final dividend of 130 US cents per Major acquisitions this year include Tarmac Major disposals announced this year ordinary share recommended, giving (US$1.1 billion), Shell Coal (US$959 generate proceeds of US$1.3 billion. a dividend for the year of 190 US cents million), further interests in Frantschach In addition the exchange of a 15.3% stake per ordinary share, an increase of 27% and Neusiedler (US$234 million) and Assi in FirstRand for holdings in listed mining over 1999. Sacks (US$490 million). stocks, valued in December at some US$730 million. Dividend US cents Acquisitions US$ million Disposals US$ million 2000 2000 2000 190 3,371 1,278 1999 1999 1999 150 1,318 1,229 1998 (pro forma) 1998 (pro forma) 1998 (pro forma) 124 717 977 01 Financial highlights Anglo American plc Annual review 2000 Anglo American plc has enjoyed a Major milestones included: in a court of law. The industry is successful second year since its listing impressing on government that failure in London in May 1999 and has seen > Anglo Platinum announced a to accommodate these concerns would considerable further progress towards US$2.1 billion expansion programme. both undermine the achievement of the realising its strategy as a leading global goals of the legislation and require the mining and natural resource group. We > AngloGold made investments of US$400 review by investors of existing and have delivered on our commitments to million in Mali and Tanzania. potential future project returns and focus on disposals, growth and business time frames in view of the additional expansion, and cost savings. > Anglo Coal acquired Shell Coal risks and uncertainties involved. in Australia and Venezuela and Anglo American has confidence that After directing the restructuring of the old a one-sixth interest in Cerrejón good sense will prevail. Anglo American and Minorco groups and Zona Norte in Colombia for over the formation and listing on the LSE of the US$1 billion. Harry Oppenheimer new merged Anglo American plc, Although I paid tribute to Harry with the board’s support I announced > Anglo Base Metals completed the Oppenheimer in our interim report, at the AGM last year that I was handing acquisition of control of Konkola Copper it is appropriate to reiterate our great over executive responsibilities to Mines in Zambia and received board sadness at his death. As chairman of Tony Trahar with effect from 18 July. approval for the US$454 million Anglo American Corporation and Minorco Mr Trahar’s report as chief executive Skorpion zinc project in Namibia as from 1957 to 1982, Mr Oppenheimer follows immediately hereafter and deals at well as US$200 million for smaller presided over a period of vigorous greater length with some of the matters I projects in South Africa and Chile. expansion of Anglo American’s mining and touch on below. industrial operations both in southern > Anglo Forest Products acquired Assi Africa and internationally. His bold Results Sacks for US$490 million and simplified leadership and wise judgement, which It is pleasing to record that our operating the Mondi Europe division by buying out characterised his seminal contribution profits increased by 50% to US$3.2 the minorities in Neusiedler and to the Group, will never be forgotten. billion, that headline profit rose by 53% to increasing the stake in Frantschach to a new record level of US$2 billion and that 70% in deals worth US$234 million. Directorate and staff the total dividend increased by 27% to In the prospectus we announced the 190 US cents. > Industrial Minerals acquired Tarmac appointment of Leslie Boyd and Mike King for US$1.1 billion net of disposals as vice chairmen of Anglo American plc Strategy of Tarmac USA and certain assets in the and the intention that they would serve At the AGM in May last year I announced UK. in that capacity until the AGM in 2001. that the board had agreed that the existing Consequently, both will be retiring in May strategy of the Company should be further Increased stake in De Beers and and on behalf of my colleagues on the refined to include the disposal of all removal of cross-holding board I would like to pay tribute to them industrial interests as well as the financial Since the end of the financial year, for their enormous contributions to Anglo services interests which had previously Anglo American announced a proposed American plc and its forerunners over been identified as non-core, and to focus offer together with Central Holdings many years. on seven business sectors and our Limited and Debswana to take De Beers investment in the diamond business private and increase its exposure to Leslie Boyd moved from Britain in 1970 to through De Beers. Significant progress has the diamond business from 32.2% Highveld Steel, of which he became been made towards that goal, with total of De Beers to 45% of the new DB managing director in 1974 and chairman disposals during the year amounting to Investments SA, the company that from 1983. In 1992 he was appointed US$1.3 billion. Anglo American is would hold 100% of De Beers. deputy chairman of Anglo American committed to concluding its disposal Corporation of South Africa and chairman programme for value as soon The transaction, approved by the of Anglo American Industrial Corporation as market conditions allow. De Beers boards on 13 February and to and in 1995 chairman of Anglo Platinum. be recommended to their shareholders, He has been successively chairman or Growth and expansion would, inter alia, see the cross-holding president of SEIFSA, FCI, SACOB, BSA and Secondly, in pursuit of the Company’s between the companies removed, a the SA Foundation. overall strategy, the year saw significant hitherto key unresolved strategic issue, developments in building the world-class thereby maintaining Anglo American’s Mike King played a major role from status or consolidating the niche or weighting in the FTSE 100. This is a 1961 in the development of South Africa’s geographic positions of the seven core further significant step in delivering first merchant bank, Union Acceptances business sectors of the Company. value to shareholders of Anglo American. Limited, which was founded by Anglo American and others in 1955. He was South African Minerals Development head of Corporate Finance and deputy Bill managing director until 1974 when he Discussions with the South African joined Anglo American. government continue on the Minerals He has played a leading role in our Finance Development Bill. Whilst the industry division – for 18 years as its head – and supports the goals of the proposed has been responsible for the Group’s legislation, it has outlined to government financial services interests, the largest of in a detailed commentary its concerns, which was FirstRand, of which he is centring on expropriation without deputy chairman. compensation, security of tenure and excessive ministerial discretion which We shall greatly miss their wise counsel. allows little or no room to appeal decisions 02 Chairman’s statement Anglo American plc Annual review 2000 The board is proposing for election at the AGM, Barry Davison, chief executive of Anglo Platinum, and Bill Nairn, group technical director. On conclusion of the De Beers transaction, Nicky Oppenheimer intends to resign as deputy chairman but to continue as a non-executive director, and Sir Chippendale Keswick, who is also a director of Central Holdings Limited and De Beers, proposes to resign as a non-executive director. The board intends to appoint additional new independent non-executive directors in the Julian Ogilvie Thompson course of the next 12 months. Chairman As the main objectives of transforming Anglo American plc into a global mining and natural resources company over the past four years will have been achieved on conclusion of the De Beers transaction, I propose to retire as chairman after 12 years, and from the board, on which I have served since 1970, at the AGM in 2002.
Load more

Recommended publications
  • The Value of E-Procurement Models in B2b Exchanges - an Australian Experience
    THE VALUE OF E-PROCUREMENT MODELS IN B2B EXCHANGES - AN AUSTRALIAN EXPERIENCE DOUGLAS THOMSON and MOHINI SINGH School ofBusiness Information Technology, RMIT University, Australia Abstract: This paper presents a theoretical e-procurement model that was developed for a large multinational Australian corporate as a business plan as the company moves from traditional paper and EDI based processes to e-procurement. The model provides a framework for optimising e-procurement processes while enhancing interrelationships between buyers and sellers. The multi­ disciplinary framework is based on value propositions specific to a single corporate, or to a buyer consortium using e-markets to facilitate B2B exchanges. The e-markets that facilitated the B2B exchanges or that were set up to facilitate the B2B exchanges comprised many founding shareholder enterprises, some of whom are both buyers and sellers in the B2B exchange arena. The impact of the model on e-procurement, the role of e-markets and resulting issues after implementation are discussed in this paper. The values of e-procurement models in B2B exchanges have also been highlighted. The model presented in this paper provides the framework for optimising these systems and processes and their relationships using e-enablement of the procurement process. 1. INTRODUCTION Corporates around the world are implementing e-business, and are looking for guidance as to how this may be best achieved. Australian businesses have variously considered the adoption of the Internet as a pervasive tool for communication, research and as a medium of business. These changes have created competitive global pressures which are intense, but are aided by an improved ability to cope with complexity through use of The original version of this chapter was revised: The copyright line was incorrect.
    [Show full text]
  • Oil and Gas Europe
    Oil and Gas Europe Buyer Members Powered by Achilles JQS and FPAL, Oil and Gas Europe brings together two communities to provide buyers with a regional, searchable network of qualified suppliers within the European oil and gas supply chain. Below is a list of the buyers from Achilles JQS and FPAL with access to the Oil and Gas Europe Network. Company Name 4c Solutions AS BUMI ARMADA UK LTD Emerson Process Management AS 4Subsea BW Offshore Norway Endur FABRICOM AS A.S Nymo BW Offshore UK ENI UK Abyss Subsea AS Cairn Energy Plc Norway Enquest Advokatfirmaet Simonsen Vogt Wiig AS Cairn Energy UK Equinor (U.K) Ltd Advokatfirmaet Thommessen AS CAN Offshore ESSAR OIL (UK) Ltd Af Gruppen Norge AS Cape Industrial Services Ltd Evry AGR Well Management Limited Chevron North Sea Limited Expro Group Aibel AS Chrysaor Holdings Limited Fairfield Energy Ltd Aker Solutions Norway CNOOC Faroe Petroleum Aker Solutions UK CNR International (UK) Ltd Furmanite AS. Alpha Petroleum Resources Limited ConocoPhillips (U.K.) Ltd Gassco Altus Intervention AS Cosl Drilling Europe AS Glencore Apache North Sea Limited Cuadrilla Resources Ltd GLT-PLUS VOF Apply Sørco AS Dana Petroleum (UK) Gulf Marine Services Halliburton Manufacturing & Archer Norge AS Dea Norge Services Ltd Awilco Drilling Deepocean AS Halliburton Norway Baker Hughes Norway Deepwell Hammertech AS DEO Petroleum Plc Baker Hughes UK (Parkmead Group) Hess Beerenberg Corp Dof Subsea Norway AS Ikm Group Bluewater Services DOF Subsea UK Ltd Ineos Denmark BP Exploration Operating International Recarch Institute Of Company Ltd Dwellop AS Stavanger IRIS Achilles Information Limited | 7 Burnbank Business Centre Souterhead Road Altens Aberdeen AB12 3LF | www.achilles.com Achilles Information Limited | FirstPoint Supplybase - Supplier Pre-Qualification Terms and Conditions Version 2.0 0718 © Achilles Supplybase Pty Ltd 2011 Inventura AS Oranje Nassau Energy UK Ltd Spirit Energy Nederland IV Oil and Gas b.v.
    [Show full text]
  • Extracting the Best in Upstream Analysis |
    Extracting the best in upstream analysis | www.worldexpro.com Extracting the best in upstream analysis | www.worldexpro.com Extracting the best in upstream analysis | www.worldexpro.com Why is World Expro essential reading? As oil prices continue to remain volatile and consuming nations become increasingly determined to secure access to energy supplies, choosing the right investment and the right business partner has never been more essential. Investing in new technologies to further push the boundaries of oil and gas exploration and production is becoming more and more crucial to companies to boost reserves and output. World Expro is the premier information source for the world’s upstream oil executives who need reliable and accurate intelligence to help them make critical business decisions. Aimed at senior board members, operations, procurement and E&P heads within the upstream industry World Expro provides a clear overview of the latest industry thinking regarding the key stages of exploration and production. Bonus distribution at key industry events, Further distribution of WEX on display at WEX on display at ADIPEC Abu Dhabi OSEA, Singapore Extracting the best in upstream analysis | www.worldexpro.com Circulation and Readership The key to World Expro’s success is its carefully targeted ABC-audited circulation. World Expro reaches key decision makers within state-owned and independent oil and gas producing companies, the contractor community and financial and consulting organisations. World Expro is read by personnel ranging from presidents and CEOs to heads of E&P, project managers and geophysicists to engineers. World Expro is distributed in March and September internationally at corporate, divisional/ regional and project level and has an estimated readership of 56,000 (publisher’s statement).
    [Show full text]
  • The Economic Impacts of the Gulf of Mexico Oil and Natural Gas Industry
    The Economic Impacts of the Gulf of Mexico Oil and Natural Gas Industry Prepared For Prepared By Executive Summary Introduction Despite the current difficulties facing the global economy as a whole and the oil and natural gas industry specifically, the Gulf of Mexico oil and natural gas industry will likely continue to be a major source of energy production, employment, gross domestic product, and government revenues for the United States. Several proposals have been advanced recently which would have a major impact on the industry’s activity levels, and the economic activity supported by the Gulf of Mexico offshore oil and natural gas industry. The proposals vary widely, but for the purpose of this report three scenarios were developed, a scenario based on a continuation of current policies and regulations, a scenario examining the potential impacts of a ban on new offshore leases, and a scenario examining the potential impacts of a ban on new drilling permits approvals in the Gulf of Mexico. Energy and Industrial Advisory Partners (EIAP) was commissioned by the National Ocean Industry Association (NOIA) to develop a report forecasting activity levels, spending, oil and natural gas production, supported employment, GDP, and Government Revenues in these scenarios. The scenarios developed in this report are based solely upon government and other publicly available data and EIAP’s own expertise and analysis. The study also included profiles of NOIA members to demonstrate the diverse group of companies which make up the offshore Gulf of Mexico oil and natural gas industry as well as a list of over 2,400 suppliers to the industry representing all 50 states.
    [Show full text]
  • Society of Petroleum Engineers Section Annual Report
    SOCIETY OF PETROLEUM ENGINEERS SECTION ANNUAL REPORT RETURN THIS FORM TO THE SPE SECTIONS MANAGER NO LATER THAN 1 JUNE. Please submit electronically as a Word document, if possible. If handwritten, please use black ink and attach additional sheets if needed. Please limit total submission (report and attachments) to no more than 100 pages. Include only one example of newsletters, meeting minutes, etc. If necessary, you may state “additional documentation available upon request.” Section Name: Gulf Coast Section Year June 1, 2010 – May 31, 2011 1. Technical Dissemination Provide a summary of technical exchange meetings in table 1.1 and for conferences in table 1.2. For conferences, supply an estimate of the section’s contribution to organizing and running the conference. Also provide description of each conference (theme, format, attendance, success, etc.) in section 1.2a. Please provide a detailed list of each technical meeting in table 1.3. 1.1 Type of Technical Exchange Qty Average Attendanc e Technical Presentation, DL & Study Groups 105 61 * 1-day Workshops/Courses/Seminars 9 91 2-day Workshops/Courses/Seminars 1 150 3-day Workshops/Courses/Seminars 1 535 half -day Wor kshops/Courses/Seminars 1 73 * SG meetings with TBD listed for attendance are included in meeting count but not included in average attendance calculations. 1.2 Conference Length (days) Attendance % Contribution ESP Workshop 3-Day 535 80% YP Emerging Engineers Conference 2-Day 150 (est) 100% Oilfield Orientation 2 sessions 1-Day each 92 + 81 100% Production Technology Symposium 1-Day 78 100% Shale/Tight Gas Completion Technology Symposium 1-Day 103 100% Drilling Symposium 1-Day 103 100% Reservoir Seminar 1-Day 100 (est) 100% HSE Seminar 1-Day 38 100% YP Roughneck Camp 1-Day 200 (est) 100% PFC Technology Showcase 1-Day 45 100% Permian Basin Seminar ½ Day 73 100% 1 1.2a Please provide a detailed description of each conference, topic, success, web link, etc.: Electric Submersible Pump (ESP) Workshop, April 25 – April 29, 2011 at The Waterway Marriott, The Woodlands, Texas.
    [Show full text]
  • Institutions and the 'Resource Curse'
    Institutions and the `resource curse': Evidence from cases of oil-related bribery Abstract While some oil-rich countries are highly corrupt, others have transparent and well- functioning governments. What explains this wide variation in so-called `resource- cursed' states? I show that these differences result from domestic institutional choices over how oil extraction is governed. Some governments grant procurement authority| the ability to award contracts for production rights|to national oil companies (NOCs), while others place this authority in ministries. Building upon agency theory, I argue that this choice matters: the relative political autonomy of NOCs compared to min- istries fosters an opaque regulatory environment that incentivizes malfeasance. Using new data on transnational bribes in 59 oil-producing countries, I show evidence for a robust link between oil-related institutions and bribery, even after addressing the endogeneity of institutional choice via instrumental variables analysis. This research has implications not only for the political economy of the resource curse hypothesis, but also for existing theories on transnational bribery and regulatory independence. Within the past two years, the oil industries of major Middle Eastern producers such as Kuwait, Iran, Iraq, and the UAE have been rocked by transnational bribery scandals, while the oil industries of Bahrain, Qatar, Oman, and Saudi Arabia have been relatively unscathed.1 Why do oil-rich countries exhibit such variation in corruption? What specific factors explain
    [Show full text]
  • November 26, 2007
    Paris November 26, 2007 1 Disclaimer ”This presentation may contain statements that express management’s expectations about future events or results rather than historical facts. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements, and CVRD cannot give assurance that such statements will prove correct. These risks and uncertainties include factors: relating to the Brazilian and Canadian economies and securities markets, which may exhibit volatility and can be adversely affected by developments in other countries; relating to the iron ore business and its dependence on the global steel industry, which is cyclical in nature; and relating to the highly competitive industries in which CVRD operates. For additional information on factors that could cause CVRD’s actual results to differ from expectations reflected in forward-looking statements, please see CVRD’s reports filed with the Brazilian Comissão de Valores Mobiliários and the U.S. Securities and Exchange Commission.” 2 On the growth path Roger Agnelli Chief Executive Officer 3 Agenda Our value proposition The long-term fundamentals Shaping the future: investing US$ 59 billion Capex budget for 2008 Vision and values 4 Our value proposition 5 Simultaneously with investment in successful acquisitions, 72% of our capex has been dedicated to growth¹ Growth investment/Capex in % 2002 60.5 2003 67.9 2004 68.6 2005 77.4 2006 71.9 9M07 69.9 Projects R&D ¹ Project and research
    [Show full text]
  • Anglo American Is One of the World's Largest Mining and Natural Resource Groups. with Its Subsidiaries, Joint Ventures And
    Anglo American is one of the world’s largest mining and natural resource groups. With its subsidiaries, joint ventures and associates, it is a world leader in gold, platinum group metals, diamonds, and has significant interests in coal, base and ferrous metals, industrial minerals, forest products, industries and financial services. Anglo American’s operations are geographically diverse, with operations in southern Africa, Europe, South and North America and Australia. Contents Financial Highlights 2 Exploration 47 Chairman’s Statement 4 Safety, Health and the Environment 49 Worldwide Mining & Natural Resource Interests 8 Community Relations 51 Directorate 10 Financial Review 53 Gold 12 Directors’ Report 57 Platinum 16 Statement of Directors’ Responsibilities 60 Diamonds 20 Remuneration Report 61 Coal 22 Corporate Governance 69 Base Metals 26 Production Statistics 73 Industrial Minerals 30 Reserves and Resources 76 Ferrous Metals 34 Notice of Annual General Meeting 78 Forest Products 38 Shareholder Information 80 Industries 42 Auditors’ Report 82 Financial Services 46 Financial Statements 83 Financial highlights ¥ Headline profit increased by 13% to US$1,308 million; ¥ Profit for the financial year of US$1,552 million (1998 pro forma: US$1,252 million); ¥ Total operating profit before exceptional items increased by 14% to US$2,142 million; ¥ Significant progress in strategic initiatives: Ð Acquisitions: Skorpion/Reunion Mining (US$82 million), Amcor Fibre Packaging (US$240 million), 23% of Anaconda Nickel (US$170 million), 40% of Australian
    [Show full text]
  • Appendix 3 Participating Companies.Xlsx
    Number of Number of Number of Dry hole Number of Dry hole TS Preliminary Workshop Workshop Company name Location or TS email sent letters sent Contact person(s) e-mail address PWA sheet Exploration Exploration answer date Location Appraisal completed wells wells wells Caledonia House, Kingswells APACHE North Sea ABERDEEN 1 31/10/2014 - - Ron Roberts [email protected] 18/11/2014 Causeway, 1 Kingswells, Aberdeen 10/11/2014 BP Exploration OperatingABERDEEN Company 1 31/10/2014 - OK Ronnie Parr [email protected] Dyce 1 22/04/2015 31/10/2014 01/03/2015 John Clure (former e-mails not delivered to Bridge / BRIDGE Resources ? 1 not reached - via e-mails 1 (to John ICENI MD) [email protected] Clure) St Magnus 31/10/2014 House Guild CNR International UK ABERDEEN 1 12/11/2014 OK Peter Rawlinson [email protected] 19/12/2014 1 26/11/2014 Street Aberdeen CONOCOPHILLIPS UK ABERDEEN 1 31/10/2014 - OK Ian Walker [email protected] 24/11/2014 Rubislaw House 1 King's Close (Tim Trafford) 62 Huntly DANA Petroleum E&P ABERDEEN 5 1 31/10/2014 12/11/2014 OK Exploration closed ([email protected]) 18/12/2014 Street 6 down Aberdeen AB10 1RS 31/10/2014 OK, phone 40 Queens 02/12/2014 call from Road ENDEAVOUR Energy UKABERDEEN 3 1 12/11/2014 Matthew Mulcahy [email protected] 06/03/2015 4 06/01/2015 Matt Aberdeen 04/03/2015 02/12/2014 AB15 4YE Level 5, Consort House, 31/10/2014 (Ernest Robertson) [email protected] ENQUEST ABERDEEN 3 - OK "but" 16/12/2014 Stell Road, 3 26/11/2014 Maurice
    [Show full text]
  • The Case of UK
    Corporate governance and firm performance: the case of UK. Accounting and Finance department Business school University of Portsmouth ALI FARHAT A thesis submitted in fulfilment of the requirement for the degree of Doctor of Philosophy Director of studies: Richard Trafford JULY 2014 1 Acknowledgment My appreciation goes to Richard Trafford, my supervisor, for his encouragement, support, time, and valuable comments on this study. I am very grateful for the opportunity to work with him as have learned a great deal from his knowledge and experience. I would like to thank Professor Michael Page for his comments and feedbacks on this study which were very helpful. I would like to express my indebtedness to the Al Tajer Trust, which provided me with all the assistance and financial support for my scholarship. I am grateful to all my family and friends, especially Mr Brian Johnson, for kindly supporting me during my stay and study at University of Portsmouth. Finally, many thanks go to all staff members and the faculty research team at Portsmouth Business School for their help during the completion of this thesis. 2 Declaration “Whilst registered as a candidate for the above degree, I have not been registered for any other research award. The results and conclusions embodied in this thesis are the work of the named candidate and have not been submitted for any other academic award”. Signature………………………….. Date……………………………….. 3 Abstract The subject of corporate governance and corporate performance has been widely discussed and examined over the last two decades. A great deal of change has developed within British Boardrooms since the emergence of the Cadbury Committee Report in 1992.
    [Show full text]
  • PLAYING the SHELL GAME FOUR WAYS SHELL IMPEDES the JUST TRANSITION Rhodante Ahlers & Ilona Hartlief Contributing Authors
    STILL PLAYING THE SHELL GAME FOUR WAYS SHELL IMPEDES THE JUST TRANSITION Rhodante Ahlers & Ilona Hartlief Contributing authors: Selçuk Balamir Marten van den Berge Tomas Hidde Hoekstra Sara Murawski Ilham Rawoot Marie-Sol Reindl Daniel Ribeiro Femke Sleegers Jasper van Teeffelen Bart-Jaap Verbeek Stephanie Welvaart STILL PLAYING THE SHELL March 2021 GAME COLOPHON Still playing the Shell game Authors Rhodante Ahlers & Ilona Hartlief Sarphatistraat 30 1018 GL Amsterdam Contributing authors T: +31 (0)20 639 12 91 F: +31 (0)20 639 13 21 Selçuk Balamir (Code Rood) [email protected] Marten van den Berge (Decolonisation Network former Dutch East Indies) www.somo.nl SOMO investigates multinationals. Camiel Donice (SOMO) Independent, factual, critical and with Tomas Hidde Hoekstra (SOMO intern) a clear goal: a fair and sustainable world, in which public interests Sara Murawski (HandelAnders! Coalitie) outweigh corporate interests. We conduct action-oriented research to Ilham Rawoot (JA! Justiça Ambiental – Friends of the Earth Mozambique) expose the impact and unprecedent- ed power of multinationals. Cooper- Marie-Sol Reindl (Code Rood) ating with hundreds of organisations Daniel Ribeiro (JA! Justiça Ambiental – Friends of the Earth Mozambique) around the world, we ensure that our information arrives where it has the Femke Sleegers (Fossielvrije Reclame) most impact: from communities and courtrooms to civil society organi- Jasper van Teeffelen (SOMO) sations, media and politicians. This publication has been made possible Bart-Jaap Verbeek (SOMO) with funding from the Ministry of Stephanie Welvaart (Decolonisation Network former Dutch East Indies) Foreign Affairs. The content of the publication is the full responsibility And our friends who needed to stay anonymous.
    [Show full text]
  • Florida Keys: Carbonate Classroom
    VOL. 15, NO. 6 – 2018 GEOSCIENCE & TECHNOLOGY EXPLAINED geoexpro.com EXPLORATION A World Class Undrilled Basin GEOTOURISM Florida Keys: Carbonate Classroom EXPLORATION Gulf of Mexico Conjugate Margins RESERVOIR MANAGEMENT Rediscover Your Reservoir GEOCHEMISTRY Moves to the Wellsite Pioneering Acquisition Make Better Decisions with GeoStreamer Ultra HD3D in the Barents Sea xxxxxxxxxxxxxLTRA Triple Source xxxxxxxxxxxxxU xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx Hxxxxxxxxxxxxx xxxxxxxxxxxxxI D xxxxxxxxxxxxxG 3 + xxxxxxxxxxxxxH Y xxxxxxxxxxxxx DENSIT 56.25m Separation + 7km Streamers + Deep Tow ECIS PR E R O S E C I K T PROPER Hyperbolic Front for Near Offsets ELIABL R E V E S L L 10km for FWI at O E C D IT Y MO greater depths The challenge of imaging the shallow reservoirs of the Barents Sea is being solved with an innovative acquisition design. In addition to high density multisensor GeoStreamer acquisition, the full wavefield is used to deliver detailed stratigraphy at all depths and reliable AVO attributes for reservoir characterization. Explore the Barents Sea with confidence, find out more: [email protected] A Clearer Image | www.pgs.com/UHD3D Previous issues: www.geoexpro.com Contents Vol. 15 No. 6 This edition of GEO ExPro focuses on Frontier Exploration and the Gulf of GEOSCIENCE & TECHNOLOGY EXPLAINED Mexico; Downhole Tools; and Increasing Efficiency in E&P. i 5 Editorial Never mind the temperature Liz Armstrong Liz 6 Regional Update – Bill Armstrong is having fun finding new high impact oil and gas fields. 8 Obituary: Munim Al-Rawi 10 A Minute to Read 14 Cover Story GEO Tourism: 200m p 1913 2013 2113 2213 2313 2413 2513 2613 2713 2813 2913 3013 3113 3213 3313 3413 3513 Oset (m) Carbonate Classroom Identification of potential hydrocarbon 3900 Top Source source rock horizons is the first step in Rock 18 GEO Profile: Bill Armstrong evaluating frontier basins.
    [Show full text]