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News Era

Foreign buyers, sellers meet as fashion week opens | News Era - 0 views

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    Foreign buyers, sellers meet as fashion week opens The Expo Centre is ready to do business as local fashion designers, fashion houses and manufacturers eye prospective for foreign buyers while presenting their collections at the fourth edition of the three-day Karachi Fashion Week ramp that is on from Jan 27 to 29.
Steven O'Sullivan

Union backs Turnbull over foreign firms - 0 views

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    A mining workers' union is lining up with Opposition Leader Malcolm Turnbull to oppose foreign state-owned firms buying into Australian resources companies.
Arabica Robusta

Texas in Africa: enough - 0 views

  • The fact that only a small percentage of the minerals used in cell phones actually come from the DRC, that the region is largely at peace now, and that the situation defies easy solutions, if mentioned at all, is typically buried in the group's more complex reports, or brushed aside.
  • the problem arises when simplification results in distortion, which is exactly what has happened here.This is probably why, despite being able to claim support at the national level from the country's Catholic bishops and a civil society organization or two, the conflict minerals platform lacks meaningful support from most CSO's in the Kivus.
  • My fear is that, as a direct result of Enough's narrowly focused advocacy campaign, Congress will now think it has taken sufficient action to end the conflict in the eastern DRC. That couldn't be further from the truth.
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  • Everybody involved in this debate wants the same thing: to end violence in the eastern Congo. I want to believe that Enough's leadership and staff began their campaign with the best of intentions. But by overstating the extent to which American consumers are actually using Congolese conflict minerals - and the extent to which it is actually possible to change the way minerals are traded there - they've given Congress, the Congolese government, and the electronics companies an easy way out. All three groups will come out looking good here, while Congolese government officials will continue to benefit from the mineral trade, electronics companies will source the tiny percentages of Congolese materials they've been using elsewhere, and Congress won't feel obligated to support meaningful security sector reform, help sort out the country's land tenure issues, or significantly fund the hundreds of Congolese civil society organizations that have been working for years to bring about meaningful change in the region.
  • Also, I think you should divorce the attack on Enough from the critique of the conflict minerals bill. It’s true that ENOUGH has engaged in some very misleading advocacy but that shouldn’t be used to detract from a bill that has quite a few merits. Enough might have spoken the loudest but they were not the only voice on this issue. Considerable reflection and solicitation of expertise went into this bill and it should be assessed based on its content, not on the advocacy tactics that Enough used to support it.
  • Any decent level of research shows that the USGS has consistently underestimated the supply of minerals from the DRC by a huge margin, for years and years.
  • The issue is not the validity of the data emanating from the USGS. Should anyone talk to the researchers at the USGS and inquire about the methodology used for arriving at their numbers, one would quickly recognize that the numbers are arbitrary at best, especially regarding African countries.
  • They have been able to present to the predominantly white American audience the misanthropic message of savage Africans raping and killing as the primary driver of the conflict. American consumers then become best placed to save and raise hope for the African brute through conscious consumerism. The savage African and white savior narrative, which Nick Kristof calls “bridge character” work without fail.
  • This narrative eschews the main external drivers of the conflict and the devastating role that US foreign policy (the same type of foreign policy that resulted in Nelson Mandela being on the US terrorist list as late as 2008) and Western corporate practices have played in not only the conflict but the maintenance of the structural barriers of dependency and impoverishment in the heart of Africa
  • backing of the invasions of Congo by the Clinton administration "renaissance leaders"
  • Nor is the 14 years of pilfering by foreign multinationals even broached while companies such as the below stand to reap billions in profits for the next generation while Congolese wallow in misery and poverty- Rangold - AngloGold Ashanti - Banro
  • Even other opponents of Enough and Global witness, in the industry are shifting the argument to the fact that there cannot be a crackdown on tantalum from the DRC as it makes up too high a percentage of world supply.
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    The fact that only a small percentage of the minerals used in cell phones actually come from the DRC, that the region is largely at peace now, and that the situation defies easy solutions, if mentioned at all, is typically buried in the group's more complex reports, or brushed aside.
Arabica Robusta

Daily Kos: State of the Nation - 0 views

  • Chile exports 50 percent of the world's lithium, mostly through a formerly state-owned company called SQM. The company mines lithium at the huge Atacama Salt Flat, tapping an estimated 2.5 million metric tons in lithium reserves. Julio Ponce Lerou is the son-in-law of the brutal military dictator, Augusto Pinochet, and is the man in control of formerly state-owned SQM.
  • Larou's control of Chilean lithium is a classic story of corruption common wherever privatization schemes have unfolded.
  • Unfortunately, Bolivia does not have the money to mine, refine and add value to lithium this way. Morales has stated that he is actively seeking private investment, but that Bolivia wants "partners, not bosses." This approach has scared away foreign investment, compounded by Morales' closeness to Venezuelan President and U.S. antagonist Hugo Chavez. There are also significant infrastructure problems. The Uyuni flats are remote and inaccessible by road and train, whereas the Atacama flats are very easy to reach. Bolivia has established a state-owned lithium company, and even has met local resistance. The local folk of Uyuni insist on sharing the benefits of mining. Bolivian leaders believe that increasing global demand for lithium will help trump these challenges and will allow the country to become the dominant producer.
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  • China is also stepping up its domestic mining and refining of lithium believing it to be the "oil" of the 21st Century. China's domestic reserves are also limited, with only 540,000 tons.
  • China continues improving warm relations with Bolivia, recently signing new trade aggrements. China is looking for Bolivian immigrants while the U.S. is cracking down on immigration. These developments are likely to impact international politics as nations scramble to secure alternatives to oil production. The global competition for resources continues unabated, whether it's petroleum or lithium at stake.
Arabica Robusta

AfricaFiles | D R Congo: Natural resource exploitation and human rights - 0 views

  • A number of foreign actors became directly involved in the exploitation of natural resources. The chaos and power vacuum brought about by the 1996 rebellion led to an opportunistic scramble for the DRC's resources. Everyone wanted a piece of the cake. Rebel groups and armies from neighbouring countries all helped themselves, some (such as Zimbabwe) with the blessing of the Congolese authorities, others (such as Rwanda or Uganda) by occupying territory by force or through proxy rebel groups, committing grave human rights abuses in the process
    • Arabica Robusta
       
      Fascinating that there is no mention here of those corporate networks through which coltan among others finds its way into cell phones.
  • Companies and individual traders who were prepared to trade in natural resources produced in these conditions, or to trade with groups with notoriously bad human rights records, can also be considered to have contributed to, or even enabled, these human rights abuses. In some cases, they were directly implicated.
  • Province Orientale Province Orientale held even greater promise in terms of natural resources. With its diamond fields, gold mines, vast expanses of forests with valuable timber and barely explored oil reserves, Province Orientale was, in some ways, the biggest prize.
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