A Critical Matter - German Investments in the Mining Sector

A Critical Matter - German Investments in the Mining Sector

02. Mar. 2015 by Roger Moody
Heinrich Böll Foundation
For free
Place of Publication: Berlin
Date of Publication: March 2015
Number of Pages: 41
License: CC-BY-NC-ND
Language of Publication: english

This paper is aimed at informing German civil society groups about the role of German financial institutions in supporting the acquisition of raw materials – primarily from overseas – and the social and environmental impacts of doing so.

It builds on information provided by the database and website “From Money to Metal”, jointly hosted by the Heinrich Böll Foundation and Mines and Communities. The paper identifies German bank loans and debt financing for mining companies; the related issuance of corporate and convertible bonds; and the direct purchase of equity (stocks and shares) in mining outfits by German banks, brokerages, and others. It points out the risks taken – financially, environmentally, and socially.

Table of contents:

  • A Critical Matter – Introduction
  • Part One: The European Union’s raw materials policy
    • Germany’s own approach to raw materials “criticality”
    • Cross-country collaboration
    • Defining true costs
    • China’s syndromes
  • Part Two: What Germany is looking for – and where from
  • Part Three: Investment routes
  • Part Four: Mining-related finance in 2014 and beyond
  • Part Five: A wealth of speculation – and fraud
    • Damaging derivatives
    • The role of Deutsche Bank
  • Part Six: More dodgy deals
    • a) ETFs and CIFs
    • b) Hedge funds – the German position
    • c) Private equity funds
    • d) Equities and bonds
  • Part Seven: Varieties of jeopardy
    • Defining criticality – a suspect exercise
    • Is any country “safe”?
    • Canada
    • South African strife
    • Russia and sanctions
    • The rest of the world
    • Content
  • Part Eight: The rules do not work
    • International sign-ons
    • Indigenous Peoples and “supply risk”
    • State pension and sovereign wealth funds
  • Part Nine: In the breach
    • Some dubious mining projects backed by German financial institutions
    • KfW IPEX-Bank
    • KFW-DEG
  • Part Ten: Germany’s Raw Materials Partnerships – Are they worth the paper they are written on?                                                      
    • Supply of raw materials
    • Export business
    • Social conflicts
    • Kazakhstan
    • Mongolia
  • Part Eleven: Promoting “sustainable” development? – The contradictory stances of GIZ, BMBF, BMZ, and BGR
    • Cooperation in development
    • UN Millennium development goals
  • Conclusion
  • Impressum

Add new comment