Tsumeb: A Profile of United States Contribution to Underdevelopment in Namibia
by Hultman,Tami, Reed Kramer, Corporate Information Center
New York, New York, United States
Corporate Information Center
Two U.S. mining companies - Newmont Mining Corp. and American Metal Climax Inc., (AMAX) - are part owners of Tsumeb Corporation Limited, Namibia’s main producer of base metals and its largest private employer. This case study provides information about Tsumeb's operations (because both companies have refused to comply with disclosure requests) and analyzes the implications of Tsumeb's operations for Namibians and for the United States. Contents: I. Introduction • II. Namibia: The Land and People • Black Poverty/White Control • Migrant Labor • Stealing Namibia's Wealth • U.S Role in Namibia • III. Tsumeb • Owners • Labor Policies • Mineral Production • Contribution to South African Control • Wages and Profitability • IV. Conclusions and Actions • Report on Annual Meetings • Current Actions • V. Appendices • A. Tsumeb Corp. Board of Directors • B. The U.S. Owners of Tsumeb: Newmont and Amax • 1. Tsumeb Dividends Paid to Newmont and Amax • 2. Newmont Mining Corp. • 3. American Metal Climax Corp.
Used by permission of the Interfaith Center on Corporate Responsibility (successor to the Corporate Information Center).