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// Films // STEALING AFRICA

STEALING AFRICA

Christoffer Guldbrandsen / Switzerland - United Kingdom / 2012 / 58 ' / English / S.T. English

Credits

Bodil Kjaehauger
Jonas Langkilde
Halfdan E.
Hendrik Veileborg

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A shocking investigation of the Glencore mining corporation and its control of copper in Zambia.

Synopsis

Glasberg netted $9.6 billion when Glencore went public in 2011. The receipt of of his taxes overwhelmed the public coffers of Ruschlikon so much that the mayor decided to lower the town’s tax rate by 7%.

Not so fortunate for the residents of copper-rich Zambia – where Glencore owns a 73% stake in the Mopani Copper Mines (one of the biggest mining operations in the country).

Unfortunately, Zambia’s copper resources have not made the country rich. Virtually all Zambia’s copper mines are owned by corporations. In the last ten years, they’ve extracted copper worth $29 billion but Zambia is still ranked one of the twenty poorest countries in the world.

So why hasn’t copper wealth reduced poverty in Zambia yet made the residents of Ruschlikon better off? Once again it comes down to the issue of tax, or in Zambia’s case, tax avoidance and the use of tax havens.

 

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