Due Diligence Investigation for a Mining Company

By a significant mining company planning to extend its operations overseas, Vesper was asked to perform a due diligence investigation into one of the company’s potential partners in this process. Vesper used open sources intelligence gathering and an extensive European and African network of individuals to cater for our client’s information needs. Significant deviations from due diligence were identified, saving Vesper’s client from negative media exposure and possible public embarrassment.

Summary

  • THE COMPANY has itself or via its subsidiaries or partners been involved in some irregularities, which have generated significant media exposure and political, public and legal attention:
  • THE COMPANY caught attention when allegations were made it was in breach of the UN quota system implemented to regulate Iraqi oil exports and cater for the distribution of food in the country. A ship chartered by THE COMPANY had taken on oil at least on two occasions after UN inspectors had signed its cargo manifest.
  • A number of NGO:s, particularly GREENPEACE, continue to monitor issues and incidents in which THE COMPANY has been involved. The most obvious case concerns allegations that THE COMPANY was responsible for dumping a huge amount of toxic waste in the capital of an African country. It must be assumed, that THE COMPANY´s brand and its CEO personally in the minds of journalists and politicians and the general public in certain countries are strongly linked to this incident.
  • THE COMPANY has been convicted in a court of law for having breached European Union environment laws and regulations.
  • THE COMPANY is investigated for having committed bribery in the West Indies.

 

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