Around a quarter of the world's gold production is in Africa and extraction of the precious metal has been been stepped up as its price on world markets has increased. But a significant proportion of this mining is carried out illegally by small-scale miners and much of the gold then finds its way into the hands of criminal and armed groups across the continent before being sold in the Middle East. Fanny Pigeaud reports on attempts to clean up the sector through stronger regulations.
In a previous article, Mediapart described how steel tycoon Lakshmi Mittal built his conglomerate on the ruins of Eastern and Western Europe’s restructuring steel industries, taking loans and subsidies but paying hardly any tax on the continent. In the second and concluding article of her investigation Martine Orange reports on how ArcelorMittal has based its financial branch in the desert of Dubai, reveals the curious network of tax-haven companies through which the Mittal family controls the operation, and wonders just why the group's results in Europe were so bad even during the good years for steel makers.
