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☆ Factbox-The Main Contenders in Congo's December Election
▼ + stars: | 2023-11-20 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +3 min

President Felix TshisekediTshisekedi, 60, son of Congo's late opposition leader Etienne Tshisekedi, came to power in a disputed 2018 election buoyed by a power-sharing alliance with former president Joseph Kabila. In 2018, he was prevented from entering the country in time to submit his candidacy for the presidential election. Old rival Martin FayuluFayulu, 66, a former Exxon Mobil executive, came second in the 2018 election that he claims he won. Before the 2018 election, Fayulu was chosen as the joint opposition candidate in a deal with Tshisekedi. Fayulu sent representatives to a meeting in South Africa where the main opposition candidates discussed joining forces behind one candidate.

Persons: Ange Kasongo, Felix Tshisekedi, Martin Fayulu, Denis Mukwege, Felix Tshisekedi Tshisekedi, Congo's, Etienne Tshisekedi, Joseph Kabila, unravelled, Vital Kamerhe, Jean, Pierre Bemba, Tshisekedi, Businessman Moise Katumbi Katumbi, Kabila, Katumbi, Martin Fayulu Fayulu, Fayulu, Mukwege, Marie José Ifoku, Bate Felix, William Maclean Organizations: Democratic, Peace, Exxon Mobil, Tshisekedi Locations: Ange Kasongo KINSHASA, Democratic Republic of Congo, Katanga, Congo, Congolese, Rhodes Island, Congo's Katanga, South Africa

☆ Glencore expects 2023 trading unit profits of up to $4 bln
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +1 min

LONDON, July 21 (Reuters) - Glencore (GLEN.L) on Friday said it expects profits at its trading division this year of up to $4 billion, exceeding its long-term annual guidance. It expects full-year trading earnings before interest and taxes (EBIT) to be between $3.5 and $4 billion. The group left its overall 2023 guidance for copper unchanged at 1.04 million metric tons, even as production fell by 10% to 488,000 tons in the first half. "Our full-year production guidance remains unchanged from earlier guidance," boss Gary Nagle said in a release. "Second-half volume weightings in copper, zinc and nickel reflect higher expected production volumes from Collahuasi, Kazzinc, Mount Isa and INO."

Persons: Gary Nagle, Mount Isa, INO, Clara Denina, Jason Neely, Jan Harvey Organizations: Democratic, Thomson Locations: Katanga, Democratic Republic of Congo, DRC

☆ Photos show disgraced FTX founder Sam Bankman-Fried cuffed in Bahamas on his way to jail
▼ + stars: | 2022-12-14 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

TOPSHOT - FTX founder Sam Bankman-Fried (C) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022. - Disgraced cryptocurrency tycoon Sam Bankman-Fried was hit with multiple criminal charges December 13, 2022, accused of committing one of the biggest financial frauds in US history. FTX founder Sam Bankman-Fried (2nd L) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022. Sam Bankman-Fried, founder of FTX, left, and his mother Barbara Fried at the Magistrate's Court in Nassau, Bahamas, on Tuesday, Dec. 13, 2022. Bankman-Fried was denied bail by a judge, leaving the disgraced co-founder of crypto giant FTX behind bars.

[1/2] The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann/File PhotoLONDON, Dec 6 (Reuters) - Shares in miner and trader Glencore (GLEN.L) fell as much as 3.5% on Tuesday after 2023 production guidance across all the commodities it mines missed consensus estimates. The company gave guidance towards copper production of 1.04 million tonnes in 2023, down from 1.06 million this year and compared to a consensus of analysts at 1.124 million tonnes. Glencore expects 2022 EBITDA (earnings before interest, tax, depreciation and amortization) at $28.7 billion and free-cash-flow at $14.7 billion. Roughly 20% of total copper output comes from the mine.

☆ 3 chimpanzees are being held for ransom after being stolen from a sanctuary in Congo, as experts fear more widespread animal kidnapping
▼ + stars: | 2022-09-26 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

Three baby chimpanzees are being held for ransom, said founders of a primate rescue sanctuary in Africa. That's about 3,000 to 5,000 chimps killed every year in the DRC alone, per France Info. But this is the first time that a primate has been held for ransom, and they have received death threats. An endangered pangolin was also held for ransom earlier this year in another area of the country. The two incidents have experts worried that the tactic may become widespread among criminals in the DRC, per the Times.

CNN —An animal sanctuary in the Democratic Republic of Congo (DRC) is facing demands for ransom money, after kidnappers abducted three of its baby chimpanzees. “This is the first time in the world that baby apes were kidnapped for ransom,” Franck Chantereau, founder of the sanctuary where the kidnap took place, told CNN on Friday. But they didn’t come so the kidnappers took these three babies hostage and demanded a large amount of ransom from us,” Chantereau said. “Obviously, it’s impossible for us to pay the ransom,” Chantereau said. But Chantereau said the kidnapping won’t shake his determination to save baby chimps from the clutches of smugglers.

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