Uganda says exploration results show it has 31 million tonnes of gold ore

Uganda says exploration results show it has 31 million tonnes of gold ore

Muyita said Wagagai, a Chinese company, had set up a mine in Busia in eastern Uganda and was expected to start production this year. Wagagai had invested $200 million, he said, and its mine will have a refining unit.

Parliament early this year enacted a new mining law that, once signed by the president, will pave way for the creation of a state mining company.

The company will compulsorily acquire a 15% stake in every mining operation and investors will be required to sign a production-sharing agreement with the government. Previously investors were given mining production licenses on a first-come, first-served basis.

Related:

Six decades of China-Uganda diplomatic relations and win-win partnership

Debt trap rumour intended to derail Uganda, China friendship

Uganda: President Pledges Rights Improvements

Hijacking Human Rights

HRW, sponsored by Adessium Foundation, Open Society Foundations, The Ford Foundation.

NED – Uganda

Looks like HRW & NED are on top of it! #RegimeChange

Petro Reiterates Willingness to Normalize Relations with Venezuela

The president-elect of the Republic of Colombia, Gustavo Petro, reiterated his desire to normalize relations with Venezuela in order to ameliorate the economic development of the region.

Petro Reiterates Willingness to Normalize Relations with Venezuela

Related:

Petro Upends Colombia Diplomacy by Reaching out to Venezuela:

During the election campaign, Petro – a former member of the M-19 guerilla group – tried to distance himself from Venezuela and Cuba, which he had previously defended, and focus more on Chile and Brazil. His goal is to normalize relations with Venezuela after years of diplomatic conflict, and adopt a position similar to that of Mexican President Andrés Manuel López Obrador – Mexico’s foreign policy has traditionally been based on the policy of non-intervention. But Petro acknowledged that it is a “long process.” “Normalizing relations is not something that happens overnight,” he said to the press after announcing the reopening of the border. And he sent a clear message about his priorities on election night: after his victory was confirmed he made sure to call US President Joe Biden and the leaders of many other Latin American nations, before he spoke with Maduro.

Biden moves fast to open dialogue with Colombia’s incoming leftist president Petro:

A day earlier, Secretary of State Antony Blinken had already called Petro with a similar message “to reiterate the United States’ steadfast commitment to the bilateral relationship,” according to a summary of the call released by the State Department.

Interesting, two days before calling Maduro, Petro talked to Blinken. 🤔💭

Why G7’s Program for Developing Countries is Still No Match for China’s Belt & Road

Samizdat – 28.06.2022

The G7 on 26 June re-launched its previous Build Back Better World program to provide infrastructure funds to poor and developing nations under a new name, the Global Investment and Infrastructure Partnership. The project aims to compete with China’s Belt and Road Initiative kicked off by Beijing in 2013.

Why G7’s Program for Developing Countries is Still No Match for China’s Belt & Road

Biden officials worry their Russia sanctions were so powerful they also brought economic suffering to the US, report says

Corporate ‘Self-Sanctioning’ of Russia Has US Fearing Economic Blowback

But some Biden administration officials are now privately expressing concern that rather than dissuading the Kremlin as intended, the penalties are instead exacerbating inflation, worsening food insecurity and punishing ordinary Russians [they don’t care about the people, the true purpose of sanctions is to encourage people to overthrow their leader] more than Putin or his allies.

When the invasion [special military operation] began, the Biden administration believed that if penalties exempted food and energy [what exemptions?!], the impact on inflation at home would be minimal. Since then, energy and food have become key drivers of the highest US inflation rates in 40 years, a huge political liability for President Joe Biden and the Democratic party heading into November’s mid-term elections [they only care about winning the midterms].

There’s no sign that administration officials feel their sanctions policy was a mistake or that they want to dial back the pressure. If anything, officials have said a key US goal is to ensure Russia can’t do to other nations what it has done in Ukraine [then tell Puppet Zelensky to negotiate instead of flooding Ukraine with weapons!!].

The Biden administration rejects [denies] any suggestion that sanctions are part of the problem, emphasizing that the US isn’t penalizing humanitarian goods or food, and putting [shifting] the blame on Putin’s decision to attack Ukraine, including by targeting shipping on the Black Sea [which is blocked with mines].

About 1,000 companies have so far announced that they are curtailing operations in Russia, according to data collected by the Yale Chief Executive Leadership Institute. That underscores one reason sanctions are so popular with policy makers: They essentially outsource US policy to the private sector [intentional and/or just being lazy?!], which makes it less surgical, less calibrated and less responsive to policy changes, said Smith, the former OFAC adviser.

This becomes important as all sides seek an end to the war [no, they don’t]. The lifting of sanctions can be dangled as an incentive to help bring about a diplomatic resolution to the conflict. But right now it’s hard even to offer that as a potential benefit of entering into negotiations because much of the pullout by American businesses has been self-inflicted [they screwed themselves]. Companies could face public blowback if they are seen as rushing back into the Russian market.

Headline stolen from:

Biden officials worry their Russia sanctions were so powerful they also brought economic suffering to the US, report says

Why does the United States have a military base in Ghana?

In April 2018, the president of Ghana, Nana Addo Dankwa Akufo-Addo, said that Ghana has “not offered a military base, and will not offer a military base to the United States of America.” His comments came after Ghana’s parliament had ratified a new defense cooperation agreement with the United States on March 28, 2018, which was finally signed in May 2018. During a televised discussion, soon after the agreement was formalized in March 2018, Ghana’s Minister of Defense Dominic Nitiwul told Kwesi Pratt Jr., a journalist and leader of the Socialist Movement of Ghana, that Ghana had not entered into a military agreement with the United States. Pratt, however, said that the military agreement was a “source of worry” and was “a surrender of our [Ghanaian] sovereignty.”

Why does the United States have a military base in Ghana?