Investing
BMW says it is looking into Morocco labour, environment issues after newspaper report
© Reuters. The headquarters of German luxury carmaker BMW is seen in Munich, Germany, August 5, 2020. REUTERS/Michael Dalder/file photo
FRANKFURT (Reuters) – German carmaker BMW (ETR:) said on Sunday it is seeking clarity on operations at a Moroccan cobalt mine following a newspaper report citing irregularities that breach labour and environmental laws.
BMW has contacted local supplier Managem with a range of queries and requested additional information, a spokesperson for the company told Reuters.
“If there is any misconduct, it must be remedied,” the spokesperson said, adding there had been initial allegations in the summer against Managem but the documents provided to BMW had looked credible. Managem’s environmental certificates were up to date, he said.
Daily newspaper Sueddeutsche Zeitung (SZ’s) Nov 13 print edition will say its reporters have collaborated with broadcasters NDR and WDR in research finding serious violations of environmental and labour protection regulations at mines in Morocco, according to the advance online edition of the paper.
The report said that excessive levels of arsenic were found in water samples and that Managem was not complying with international standards for the protection of workers and taking action against critical trade unions.
Managem is majority-owned by the Moroccan monarchy and operates a number of mines in several African countries.
Cobalt is needed for electric car batteries, among other applications.
By far the largest proportion of the world’s cobalt deposits are located in the Congo, where child labour still occurs, particularly in small mines.
BMW no longer sources cobalt from Congo, said the BMW spokesperson. A fifth of its intake came from Morocco, and the remainder from Australia.
Read the full article here
-
Passive Income6 days ago
Are You Running Your Business, or Is Your Business Running You?
-
Side Hustles5 days ago
How to Be Unapologetically You and Why It Matters
-
Side Hustles6 days ago
How Your Body Language Can Help Win a Disagreement
-
Investing6 days ago
7 Marketing Strategies to Help Your Startup Grow and Scale
-
Side Hustles6 days ago
OpenAI Raises Record $6.6 Billion, Adds 50 Million New Users
-
Side Hustles4 days ago
Mark Zuckerberg Is Now Second Richest Person in the World
-
Investing4 days ago
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles5 days ago
With AI Magicx, It’s Like Getting an Entire Creative Team in One Money-Saving AI Tool