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☆ Drones have turned the tables in recent African wars
▼ + stars: | 2024-03-16 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

Drones recently supplied to Sudan by Iran are already making an impact in that country's brutal civil war. Similar types of drones played decisive roles in turning the tables in two previous African civil wars in recent years and could do so again. "It should come as no surprise that these drones are being used in wars around the world," Rogers told BI. In this context, drones are useful to achieve specific objectives, but they will not win the war alone," Rogers said. RANE's Dodd also credited Ethiopia's drone procurements for decisively "turning the tide" of the Tigray War.

Persons: —, Remi Dodd, RANE, it's, Dodd, James Patton Rogers, Rogers, Turkey's TB2, Loong, Debretsion Gebremichael, RANE's Dodd Organizations: Service, Business, Sudanese Armed Forces, Rapid Support Forces, United, Ethiopian, Tigray, Libyan National Army, Cornell Brooks Tech, Institute, Cornell University, American Warfare, Anadolu, Getty, Democratic Locations: Sudan, Iran, Iranian, Turkey, United Arab Emirates, Ethiopia, Libya, Tripoli, Omdurman, Tehran, Red, Yemen, Ukraine, Tigray War, Tigray, Addis Ababa, Ukrainian, New York, Donetsk, Nigeria, DRC, Democratic Republic of Congo, Burkina Faso

☆ ‘Everything he is saying isn’t true’: Congolese governments denounce Trump’s baseless stories about emptied prisons
▼ + stars: | 2024-03-16 | by ( Daniel Dale | ) edition.cnn.com time to read: +6 min

“Everything he is saying isn’t true,” Democratic Republic of Congo spokesperson Patrick Muyaya Katembwe told CNN in a text message on Thursday. Facts First: Trump’s claims are baseless. And federal figures show that there is no “very big” influx of Congolese migrants of any kind, let alone former prisoners in particular. Trump, the presumptive Republican presidential nominee, keeps making claims about emptied Congolese prisons as he criticizes President Joe Biden’s handling of immigration. Official federal data shows that Congolese migrants in general, not ex-prisoners in particular, represent a tiny fraction of overall arrivals.

Persons: Donald Trump’s, Patrick Muyaya Katembwe, “, ” Serge Mombouli, ”, Joe Biden’s, Trump, “ I’ve, ” Lewis Mudge, Abdoulaye Diarra, Mark Krikorian, Michelle Mittelstadt scoffed Organizations: Washington CNN, Democratic, CNN, PAC, Trump, Fox News, Human Rights, Amnesty International, Patrol, US Customs, Center for Immigration Studies, Policy Institute Locations: Congo, Democratic Republic of Congo, Republic, Republic of, Republic of Congo, ’, United States, Central Africa, Congolese, America, “, Mexico, South America

☆ The 26-year-old YouTuber conquering French journalism
▼ + stars: | 2024-03-16 | by ( Joshua Berlinger | ) edition.cnn.com time to read: +9 min

Travers, 26, is the founder and face of HugoDecrypte, a French media start-up that delivers news aimed primarily at young audiences. Travers' daily news round-ups, usually delivered from behind a desk, are very popular among younger French audiences. Joshua Berlinger/CNNThe first concerned the state of political coverage in French media. The HugoDecrypte channel launched with the mission to give young French audiences a fast, digestible way to understand the news. But he and editor-in-chief Aleberteau believe that, wherever there is social media, their model is viable.

Persons: Paris CNN — Hugo Travers, Travers, Le, “, ” Travers, there’s, ”, Alice Antheaume, Emmanuel Macron, Macron, Gabriel Attal, Marie Flament, Francois Jost, Joshua Berlinger, Z, Travers ’, pander, “ You’ve, Benjamin Aleberteau, HugoDecrypte, Christopher Nolan, “ Oppenheimer, Omar Sy, Tahar Rahim, Virginie Efira, Jost, “ TikTok, …, it’s, I’m, they’re, Xavier Niel, Vincent Bollore, Rupert Murdoch, Aleberteau, ” Aleberteau Organizations: Paris CNN, YouTube, CNN, Sciences Po Journalism School, Franco, Sorbonne Nouvelle University, Democratic, Sciences Po, Reuters Institute, Antheaume Locations: France, French, TikTok, Europe, Paris, Sudan, Democratic Republic of Congo

☆ Sethembile Msezane on creating the iconic image “Chapungu — The Day Rhodes Fell”
▼ + stars: | 2024-03-15 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +8 min

“Chapungu — The Day Rhodes Fell” has since become an iconic photograph, capturing the spirit of the #RhodesMustFall movement which led to the removal of 19th century colonist Cecil Rhodes’ statue at the University of Cape Town. “There is no way I could have conceptualized that moment and the way things unfolded on that day,” said Msezane, speaking to CNN from Cape Town. Artist Sethembile Msezane on a plinth in front of the statue of British colonialist Cecil John Rhodes. While several have now been returned, to this day, it remains at Rhodes’ former home at the Groote Shuur estate in Cape Town, Msezane explained. The statue of British colonialist Cecil John Rhodes was removed from South Africa's Cape Town University on April 9, 2015.

Persons: Sethembile Msezane, Rhodes, ”, Cecil Rhodes ’, Msezane, —, Sethembile, Cecil John Rhodes, Charlie Shoemaker, Zimbabwe —, Chapungu, Cecil Rhodes, ” Msezane, “, Schalk van, Lady Liberty, Rosie Organizations: CNN, University of Cape, Fine Arts, South London, South Africa's Cape Town University, Panzi, Democratic, University of Cape Town, Freedom, Worker’s Locations: University of Cape Town, Cape Town, “, Zimbabwe, Great Zimbabwe, Groote, London, Chile, Poland, United States, Iran, Bangladesh, South Africa's, Kinshasa, Democratic Republic of Congo, Senegal

☆ Federal appeals court throws out lawsuit against Apple, Google, Tesla and other tech giants over alleged child labor in Congo
▼ + stars: | 2024-03-05 | by ( Devan Cole | ) edition.cnn.com time to read: +2 min

CNN —A federal appeals court on Tuesday threw out a lawsuit that sought to hold Apple, Google, Tesla and other major tech companies liable for their alleged use of child labor to mine cobalt in the Democratic Republic of Congo. “The plaintiffs have not adequately alleged the Tech Companies participated in a venture because there is no shared enterprise between the Companies and the suppliers who facilitate forced labor,” Rao wrote. “The Tech Companies own no interest in their suppliers. A federal judge in DC had previously thrown the case out. The defendants in the case were Apple, Alphabet (which owns Google), Dell Technologies, Microsoft and Tesla.

Persons: Neomi Rao, “, ” Rao, Rao, Michelle Toh Organizations: CNN, Apple, Google, Democratic, DC Circuit, Appeals, “, Tech Companies, Companies, DC, Dell Technologies, Microsoft, International Rights Locations: Democratic Republic of Congo, Congo

☆ Deadliest Cholera Outbreak in Past Decade Hits Southern Africa
▼ + stars: | 2024-02-13 | by ( John Eligon | Jeffrey Moyo | ) www.nytimes.com time to read: +1 min

Sandra Mwayera wailed as her older brother slouched next to her in the back seat of a car — he had died from cholera as he waited for treatment among dozens of others outside a hospital in Zimbabwe’s capital, Harare. “My brother! My brother! Come back!”In neighboring Zambia, inside the 60,000-seat National Heroes Stadium in the capital, Lusaka, rows of gray cots lined rooms at a makeshift treatment center where 24-year-old Memory Musonda had died. Her family said they were not informed until four days later — the government buried her, and they have yet to locate her grave.

Persons: Sandra Mwayera wailed, slouched, ”, “, Musonda, Musonda’s, Stanley Mwamba Kafula Organizations: Democratic Locations: Zimbabwe’s, Harare, “, Zambia, Lusaka, Africa, Democratic Republic of Congo, Mozambique

BOSTON (AP) — A U.S. Customs and Border Protection dog sniffed out something unusual in luggage from a traveler returning from Africa — mummified monkeys. The passenger returning from a visit to the Democratic Republic of Congo reported that the luggage contained dried fish, but an inspection at Boston Logan Airport revealed dead and dehydrated bodies of four monkeys, agents said. Raw or minimally processed meat from wild animals, sometimes referred to as “bushmeat,” is banned in the U.S. because of the threat of disease. "The potential dangers posed by bringing bushmeat into the United States are real. Bushmeat can carry germs that can cause illness, including the Ebola virus,” said Julio Caravia, local port director for Customs and Border Protection.

Persons: “, ”, Julio Caravia, Ryan Bissette Organizations: BOSTON, —, U.S . Customs, Democratic, Boston Logan Airport, Customs, U.S . Centers for Disease Control Locations: U.S, Africa, Democratic Republic of Congo, United States

☆ U.N. Peacekeeping Mission Says Staff, Vehicles Attacked in Congolese Capital
▼ + stars: | 2024-02-10 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

KINSHASA (Reuters) - The head of the U.N. peacekeeping mission in Democratic Republic of Congo said its staff and vehicles were attacked in the capital Kinshasa on Saturday as a worsening eastern security crisis fuels a backlash against the mission. Crowds on motorbikes gathered in the riverside Gombe district, where the U.N. mission known as MONUSCO and many embassies are located. A number of the mission's vehicles were torched, said MONUSCO head Bintou Keita in an online post. Photos You Should See View All 21 ImagesKinshasa police and the government did not respond to a request for comment. The fighting "could compromise food security and economic activities in Goma and the region.

Persons: Bintou Keita, OCHA, MONUSCO, Ange Kasongo, Justin Makangara, Ange Aboa, Alessandra Prentice, Barbara Lewis Organizations: Democratic, Kinshasa Locations: KINSHASA, Democratic Republic of Congo, Kinshasa, Gombe, Ivorian, Goma, North Kivu, Congo, Congolese, Abidjan

☆ Thousands sheltering in hospital as fighting escalates in Democratic Republic of Congo
▼ + stars: | 2024-02-08 | by ( Sarah Dean | ) edition.cnn.com time to read: +2 min

CNN —Thousands of people are seeking shelter inside an “overwhelmed” hospital amid an escalation of fighting in North Kivu province in the eastern Democratic Republic of Congo (DRC), Doctors Without Borders (MSF) warned on Thursday. At least 2,500 people, including children, are currently sheltering in Mweso Hospital, around 100 kilometers (62 miles) from the provincial capital Goma. “The hospital is overwhelmed, with thousands of people crowded inside, trying to find some protection from the fighting. In recent years, protesters have taken to the streets to demand the withdrawal of UN forces for failing to rein in rebel groups, including M23. The M23 group was named after a March 23, 2009, peace deal, which it accused the government of violating.

Persons: ”, Çaglar Tahiroglu, Jean, Pierre Lacroix, Felix Tshisekedi Organizations: CNN, Democratic, MSF, Ministry of Health, United Nations, UN, Rwandan Locations: North Kivu, Democratic Republic of Congo, DRC, Mweso, Goma, Congolese, Rwanda

☆ AI is setting humanity on the path to a new age of discovery
▼ + stars: | 2024-02-07 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AI is paving the way to the future tooBill Gates-backed company KoBold Metals has used AI to discover a huge new copper mine. Chip Somodevilla/Getty ImagesAs well as seeing AI be used to excavate the past, it seems to be getting used to forge a path to the future too. Clearly then, billions of dollars aren't just being spent on AI for the sake of achieving some productivity and efficiency hacks. AI could also help usher humans into a new age of discovery.

Persons: —, Nat Friedman, Bill Gates, Chip Somodevilla, Jeff Bezos, Josh Goldman reckons Organizations: Service, Business, KoBold Metals, KoBold, Democratic Locations: Rome, Egypt, Switzerland, Zambia, Democratic Republic of Congo

☆ Joel Embiid Wants the African Diaspora to Flourish Onscreen
▼ + stars: | 2024-01-30 | by ( Emmanuel Morgan | ) www.nytimes.com time to read: +1 min

Joel Embiid knew as early as his rookie season in the National Basketball Association that he eventually wanted to enter the media industry. Seven years later, he is now at the pinnacle of the sport — the league’s reigning most valuable player, Embiid set a Philadelphia 76ers record last week by scoring 70 points in a game — and is ready to take on that new challenge. Embiid, 29, who moved from Cameroon to the United States as a teenager, has created a production studio, Miniature Géant, that he hopes will amplify the culture of his home continent. The studio intends to profile athletes and entertainment figures of African descent, with an initial goal of selling content to streaming services. “We’re dabbling in a lot of different spaces, but the common denominator is Africa and the joys and the quest of African people and the African diaspora,” said Sarah Kazadi-Ndoye, who is the studio’s lead creative executive and was born in the Democratic Republic of Congo.

Persons: Joel Embiid, Embiid, ”, Sarah Kazadi Organizations: National Basketball Association, Philadelphia 76ers, Democratic Locations: Cameroon, United States, Africa, Democratic Republic of Congo

☆ US special operations forces are searching for a new extreme long-range rifle for their next big fight as Ukraine shows the damage that snipers can do
▼ + stars: | 2024-01-28 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +6 min

A New Sniper RifleIn December, US Special Operations Command, or SOCOM, released a solicitation for offers for a new sniper rifle. SOCOM also wants its new sniper rifle to be significantly lighter than the ones it will be replacing. The MK-22 Precision Sniper Rifle sights view a target on the range at Joint Base McGuire-Dix-Lakehurst, New Jersey, Oct. 22, 2023. As for its durability, SOCOM wants the new sniper rifle to have a barrel life of between 1,200 and 1,500 rounds. A view from the viewfinder of a Ukrainian sniper rifle at a shooting range amid Russia and Ukraine war in Donetsk Oblast, Ukraine on August 09, 2023.

Persons: —, Barret, MK15, SOCOM, Michael Schwenk, Norma Mangum, Ignacio Marin, wasn't, Vyacheslav Kovalskiy Organizations: Service, Army Rangers, Navy, Marine Raiders, Green Berets, Operations Command, Base McGuire, Dix, U.S . Army National Guard, Spc, Command, Department of Defense, Anadolu Agency, Getty, Army Green Beret, National Guard, Special Forces, British, South, Democratic Locations: Ukraine, Lakehurst , New Jersey, Ukrainian, Russia, Donetsk Oblast, Canadian, Iraq, Afghanistan, South African, Democratic Republic of Congo, China

☆ President Tshisekedi's Ruling Party Leads in Congo Legislative Election
▼ + stars: | 2024-01-13 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

By Ange KasongoKINSHASA (Reuters) - Democratic Republic of Congo President Felix Tshisekedi's UDPS party won 66 seats in the December parliamentary election, placing it ahead of 44 other parties that won one or more seats in the 500-member house, provisional results showed on Sunday. The increased number of UDPS seats, up from 35 in the 2018 election, along with gains by allied parties, could enable Tshisekedi to maintain his ruling big tent Sacred Union coalition, giving him the majority needed to name a new government. The results of the legislative vote follow the Constitutional Court's confirmation of Tshisekedi's landslide re-election in the disputed Dec. 20-24 general election that was marred by allegations of fraud, logistical shortcomings and disruptions. Opposition parties and independent observers have raised concerns about the election's transparency, citing chaotic voting conditions and a murky tabulation process. Congo's opposition parties have repeatedly blasted the election as fraudulent and called for a re-run - a demand authorities have dismissed.

Persons: Ange Kasongo, Felix Tshisekedi's UDPS, Modeste Bahati, Jean Pierre Bemba, Vital Kamerhe, Tshisekedi, Africa's, Bate Felix, Christian Schmollinger Organizations: Democratic, Sacred Union coalition, Provisional, Congo's, Sunday, Defence, Economy Locations: Ange Kasongo KINSHASA, Democratic Republic of Congo, Congo

☆ Roberto ‘Pico’ Lopes: He ignored a Linkedin message once, but not the second time. When he responded his life changed forever
▼ + stars: | 2024-01-12 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +9 min

I just thought it was a welcome message … so I ignored it.”Fortunately for Lopes, Cape Verde head coach time Rui Águas messaged the Shamrock Rovers defender again nine months later – this time in English – asking if he had considered his offer. Roberto Lopes, who plays for Cape Verde, was born and raised in Dublin. French forward Just Fontaine (L) scores in France's World Cup 5-2 semifinal defeat to Brazil in 1958. France’s captain at the first ever World Cup in 1930 was Algerian-born Alexandre Villaplane. But having recently reversed that policy, the Taifa Stars will have a number of players born outside the continent in its squad for the 2024 tournament.

Persons: CNN —, Roberto “ Pico ” Lopes, Lopes, “, ” Lopes, Rui Águas, Roberto Lopes, Ulrik Pedersen, Mohamed Salah, Lopes won’t, Alexandre Villaplane, Fontaine, Eusébio, Samuel Eto’o, Bryan Mbeumo, Yoane Wissa, ” Wissa, Darren Lewis, Benoît Assou, Ekotto, Ryan Byrne, ”, ‘, ’, Abdoulaye Doucouré, Wilfred Zaha, Les, Patrice Beaumelle, I’ve, I’m, ” Carlos ‘ Caluccha ’ Lopes, Roberto’s, Roberto, “ It’s, he’s, hasn’t Organizations: CNN, Shamrock Rovers, Cape, CNN Sport, Africa, of Nations, LinkedIn, AP, Google, Blue Sharks, Rovers, Professional, Association of Ireland’s, body’s, AFP, Getty, France, UEFA, Benfica, English Premier League, Cameroon soccer, Brentford, Ireland, Democratic, Former Cameroon, Tottenham Hotspur, Lions, League of Ireland Premier Division, Everton, Mali, Ivorian national team, Galatasaray, Cape Verde Locations: Dublin, Republic of Ireland, Cape Verde, Lopes , Cape Verde, Ireland, Egypt, Cape Verde’s, Ghana, Mozambique, Brazil, Africa, Algerian, French, Marrakech, Morocco, Mozambican, Angolan, Portuguese, Portugal, Algeria, Tanzania, Cameroon, Europe, Democratic Republic of Congo, DRC, France, Poland, you’re, Ivory Coast, Cape Verdean, Verdean

☆ Norway is gearing up to mine precious metals from the depths of its ocean in a world first
▼ + stars: | 2024-01-09 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

Norway is set to become the first country to move forward with deep-sea mining in its waters. Industry experts don't expect deep-sea mining to start before at least the early 2030s. It could open 108,000 square miles of Norway's national waters to commercial deep-sea mining, per the BBC. AdvertisementThe industry would seek to collect rare minerals like lithium, scandium, and cobalt from nodules and crust found on the ocean floors. AdvertisementThere are very few places in the world where these rare minerals can be found on the surface.

Persons: —, Energy Terje Aasland, Walter Sognnes, Lise Øvreås, Michael Norton, Odd Kristian Dahle Organizations: Service, BBC, Petroleum, Energy, Politico, European Union, Guardian, World Resources Institute, University of Bergen, EASAC, Association of Norwegian Fishermen, Democratic Locations: Norway, Norwegian, Democratic Republic of Congo

☆ Art’s Colonial Legacy: Congolese Masks Voice Aimé Césaire’s Words - The New York Times
▼ + stars: | 2024-01-09 | by ( Matthias De Groof | ) www.nytimes.com time to read: +1 min

The idea for this film began when a friend was planning an exhibition featuring Congolese artwork. Even if the original film were presented with commentary, such critique typically appears offscreen, only available to those who choose to or are able to seek it out. I suggested that we instead create a new film that would reframe the original imagery. I began by selecting images from “Under the Black Mask” that gave me the feeling that the masks faced me directly, allowing them to momentarily escape Haesaerts’ frame. We decided to replace the narration with excerpts from Aimé Césaire’s seminal work “Discourse on Colonialism,” which argued that colonization dehumanizes the colonizer and was published less than a decade before the original film was made.

Persons: ”, Paul Haesaerts, Aimé Césaire’s Organizations: Democratic Locations: Belgian, Congolese, Belgium, Democratic Republic of Congo

☆ Exclusive: Panama may slash GDP growth view due to suspension of First Quantum mine
▼ + stars: | 2023-12-04 | by ( Elida Moreno | ) www.reuters.com time to read: +2 min

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. Some experts calculate Panama would have to pay at least $50 billion if it loses the case, equivalent to nearly 70% of GDP. Ahead of the supreme court ruling, S&P revised Panama's outlook to negative from stable on potential risks to investor confidence and economic growth if the contract was found invalid. For First Quantum, the developments in Panama could be a repeat of its experience in the Democratic Republic Of Congo. The miner exited the African nation in 2012 after its mining contract was cancelled.

Persons: Hernan Arboleda, Laurentino Cortizo, Panamanians, Arboleda, Elida Moreno, Valentine Hilaire, Anthony Esposito, Edwina Gibbs Organizations: Minerals, REUTERS, Aris Mart, PANAMA CITY, Reuters, Gross, Panama, JPMorgan, Democratic, Thomson Locations: Panama, Donoso, PANAMA, Democratic Republic Of Congo

☆ First Quantum initiates international arbitration on Cobre Panama mine
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. REUTERS/Aris Martínez/File Photo Acquire Licensing RightsDec 1 (Reuters) - First Quantum Minerals (FM.TO) has suspended its current-year production outlook for the Cobre mine in Panama and has initiated international arbitration over a contested contract with the country's government, the miner said on Friday. The Canadian company said its local unit had started arbitration before the International Court of Arbitration to protect its rights under the 2023 concession. On Tuesday, President Laurentino Cortizo said the Cobre Panama mine would be shut down, hours after Panama's Supreme Court declared the contract unconstitutional. The miner exited the African nation in 2012 after filing an arbitration procedure for cancelling its mining contract.

Persons: Laurentino Cortizo, Tristan Pascall, Tanay, Devika Syamnath Organizations: Minerals, REUTERS, Aris, International Court, Democratic, Thomson Locations: Panama, Donoso, Miami , Florida, Democratic Republic Of Congo, Bengaluru

WASHINGTON (AP) — President Joe Biden is hosting Angolan President João Manuel Gonçalves Lourenço in the Oval Office on Thursday as he seeks to reaffirm his commitment to Africa even as two wars consume much of his administration's foreign policy focus. The visit comes as Biden appears set to break his commitment to African leaders to visit the continent this year — though senior U.S. officials have made key trips to Africa throughout 2023. This is a fundamental shift in Angolan foreign policy,” lobbyist Robert Kapla wrote in April to Biden confidant Amos Hochstein, according to lobbyist disclosure records. It's part of a global infrastructure program championed by Biden that is meant as a counterweight to China's Belt and Road initiative. Much of Biden's recent foreign policy focus has been on Russia's war in Ukraine and the fighting between Israel and Hamas.

Persons: Joe Biden, João Manuel Gonçalves Lourenço, Angola's, Biden, ”, John Kirby, Lourenço, Robert Kapla, Amos Hochstein, Kapla, Molly Phee, “ Organizations: WASHINGTON, Angolan, Security, Biden, U.S, Democratic Locations: Africa, United States, China, Russia, Angolan, Lobito, Kananga, Democratic Republic of Congo, Zambia, It's, Ukraine, Israel, U.S

☆ Gold holds ground ahead of U.S. inflation test
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: +2 min

A technician cleans impurities from melted gold bars at Primera Gold's laboratory in Bukavu, South Kivu Province, eastern Democratic Republic of Congo, May 12, 2023. Gold prices consolidated in a tight range on Thursday, hovering close to a near seven-month high, as investors awaited a key inflation print to gauge whether interest rate cuts in the U.S. would come sooner than expected. Spot gold was down 0.1% at $2,041.76 per ounce by 0543 GMT, after hitting its highest since May 5 on Wednesday, and was poised for its second straight monthly gain. U.S. gold futures for December delivery fell 0.2% to $2,042.40 per ounce. Spot silver fell 0.2% to $24.95 per ounce.

Persons: Bullion, Yeap Jun Rong, Jerome Powell Organizations: Primera Gold's, U.S, Federal, Traders Locations: Bukavu, South Kivu Province, Democratic Republic of Congo, U.S

☆ Bolivia gets green light for full Mercosur membership
▼ + stars: | 2023-11-29 | by ( Lucinda Elliott | ) www.reuters.com time to read: +2 min

SAO PAULO, Nov 29 (Reuters) - Bolivia is set to become a full member of the South American Mercosur trade bloc following a decision on Tuesday by the Brazilian Senate to approve the country's admission. The vote on the accession of Bolivia to Mercosur is expected to be formally concluded during a regional summit on Dec. 7 in Rio de Janeiro. "Thank you to the senators for completing this process and congratulations to President Arce and Bolivia for joining us in Mercosur," Lula said on social media. Prospects for finally concluding the trade agreement with the EU gained traction following the election of ultra-liberal Javier Milei, a staunch critic of Mercosur, as president of Argentina. Bolivia was one of the worst offenders of primary forest clearances last year, behind only Brazil and the Democratic Republic of Congo, according to Global Forest Watch that monitors deforestation rates.

Persons: Luiz Inacio Lula da Silva, Arce, Lula, Luis Arce, Javier Milei, Milei, Lucinda Elliott, Mark Porter Organizations: SAO PAULO, South American Mercosur, Brazilian Senate, Bolivia, Senators, European Union, EU, Mercosur, Democratic, Global Forest Watch, Thomson Locations: Bolivia, Brazilian, Mercosur, Rio de Janeiro, Argentina, Paraguay, Uruguay, Brazil, Democratic Republic of Congo

☆ Bolivia Gets Green Light for Full Mercosur Membership
▼ + stars: | 2023-11-29 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

By Lucinda ElliottSAO PAULO (Reuters) - Bolivia is set to become a full member of the South American Mercosur trade bloc following a decision on Tuesday by the Brazilian Senate to approve the country's admission. The vote on the accession of Bolivia to Mercosur is expected to be formally concluded during a regional summit on Dec. 7 in Rio de Janeiro. "Thank you to the senators for completing this process and congratulations to President Arce and Bolivia for joining us in Mercosur," Lula said on social media. Prospects for finally concluding the trade agreement with the EU gained traction following the election of ultra-liberal Javier Milei, a staunch critic of Mercosur, as president of Argentina. Bolivia was one of the worst offenders of primary forest clearances last year, behind only Brazil and the Democratic Republic of Congo, according to Global Forest Watch that monitors deforestation rates.

Persons: Lucinda Elliott, Luis Inacio Lula da Silva, Arce, Lula, Javier Milei, Milei, Mark Porter Organizations: Lucinda Elliott SAO PAULO, Reuters, South American Mercosur, Brazilian Senate, European Union, EU, Mercosur, Democratic, Global Forest Watch Locations: Bolivia, Brazilian, Mercosur, Rio de Janeiro, Brazil, Argentina, Paraguay, Uruguay, Democratic Republic of Congo

"We have decided to unanimously declare unconstitutional the entire law 406 of October 20, 2023," Supreme Court President Maria Eugenia Lopez said. First Quantum acknowledged the ruling and affirmed its "unwavering commitment to regulatory compliance in all aspects of our operations within the country." Panama President Laurentino Cortizo said the country will abide by the court ruling. For First Quantum, the Panama ruling would be a repeat of its decade-old experience in the Democratic Republic Of Congo. The company exited DRC in 2012 after it filed an arbitration procedure against the African country for cancelling its mining contract.

Persons: Aris Martinez, Maria Eugenia Lopez, Quantum, Laurentino Cortizo, Morgan, Ricardo Martinelli, Leonardo Di Caprio, Elida Moreno, Valentine Hilaire, Natalia Siniawski, Denny Thomas, Chizu Nomiyama, Mark Porter Organizations: Minerals, REUTERS, PANAMA CITY, Reuters, Panama, London Metal Exchange, Central, RBC, Democratic, Natural Resources Corporation PLC, Cobre, Thomson Locations: Panama's, Panama, Panama City, PANAMA, Central American, Democratic Republic Of Congo, Hollywood, Cobre Panama

LONDON, Nov 28 (Reuters) - China's imports of refined copper have quietly accelerated over recent months, taking volumes to a year-to-date high in October. China's appetite for imported copper is not confined to refined metal. It is also absorbing record amounts of copper concentrates and imports of recyclable metal are running at the fastest pace since 2018. China's trade in refined copperIMPORT STRENGTHChina imported 353,000 metric tons of refined copper in October, which was the highest monthly volume this year. Shanghai Futures Exchange copper stocks, bonded stocks and Yangshan premiumBOOMING OUTPUT, LOW STOCKSHigher raw materials imports this year have allowed China's smelters to ramp up run rates.

Persons: Barbara Lewis Organizations: Democratic, Shanghai Futures Exchange, Shanghai Metal, Stocks, International Energy Exchange, Citi, Reuters, Thomson Locations: Democratic Republic of Congo, China, Congo, Beijing, Shanghai

☆ Slowing China still leads the race for commodities
▼ + stars: | 2023-11-28 | by ( Yawen Chen | ) www.reuters.com time to read: +7 min

"When it comes to copper, the thinking usually goes that copper equals property, property equals China," said one commodities trader. "And because China property is down, copper must be down too." That’s why China's copper demand will still rise by 4 million tonnes from the 2020 level to around 18 million tonnes per year in 2030, according to estimates by commodity trading group Trafigura. And China's copper demand has grown by 8% this year, faster than the 5% Xi is targeting for overall GDP growth. China's annual aluminium demand rose by 18 million tonnes from 2010 to 2020 and is forecast to grow by another 13 million tonnes to over 50 million tonnes a year in 2030, per Trafigura.

Persons: Xi Jinping, Communist Party’s, Wood Mackenzie, Francesco Guerrera, Katrina Hamlin, Thomas Shum Organizations: Reuters, HK, Communist, Shanghai Futures Exchange, London Metal Exchange, ING, International Monetary Fund, IMF, World Bank, Reuters Graphics Reuters, Oxford, HSBC, Democratic, Thomson Locations: SINGAPORE, China, Washington, Moscow, Taiwan, Shanghai, Republic, United States, Australia, Beijing, Chile, Indonesia, Democratic Republic of Congo

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