This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Swiss Probe Metals Refiner Over Congo Gold

Some 5 million people died before the second war ended in 2003. But much of the fighting and lawlessness has continued in the competition for minerals coming out of volatile eastern Congo, including the gold mines that soldiers and armed group leaders use to gain guns and power.

The 2005 report that Austin worked on mentions the company in connection with the sale of more than $1 million in gold by armed group leaders in eastern Congo. Another report by the U.N. experts on Congo earlier this year says gold is the commodity of choice for armed groups in eastern Congo who tend to export it through Uganda using traders that don't ask questions.

But Argor-Heraeus said in response to TRIAL's complaint that in 2005 it took the "precautionary measure" of cutting ties with a British company that sent it gold shipments and decided not to accept any more materials from Uganda.

The company, which is part of an initiative by private companies and the Swiss government to increase transparency in the gold business, also said it would cooperate with authorities on the probe.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs