In the latest news and analysis…
The Wall Street Journal provides a sampling of initial responses to the US Securities and Exchange Commission’s adoption of long-delayed rules regarding conflict minerals and extractive industry transparency:
“The consensus seemed to be that the business community scored some victories on section 1502 [of the Dodd-Frank financial reform package], the so-called ‘conflict minerals provision,’ that requires companies to examine their supply chains to determine and disclose if their products contain minerals from the Democratic Republic of Congo or surrounding countries.
Meanwhile, good governance groups seemed happy with the rules on section 1504,which requires companies to disclose to the SEC all payments made to either the U.S. or a foreign government for the extraction of oil and minerals.”
Agence France-Presse reports that South African President Jacob Zuma has warned mining companies to treat their workers better, as tensions began to radiate beyond the Lonmin facility where 44 striking miners were killed last week:
“Pointing out that the mining industry has assets valued at $2.5 trillion excluding coal and uranium, Zuma said the sector should be able to pay its workers a better wage.
‘In fact it should not be such an industry that has the lowest paid worker, given the wealth they have,’ he said during a memorial lecture to honour a former leader of the ruling African National Congress. He also noted that the government issued a directive to improve housing conditions for mine workers two years ago, but an audit conducted at mines in the North West province’s Rusternburg platinum belt showed only half were in compliance with the mining charter.
In one case, a company is housing 166 workers in a hostel block with just four toilets and four showers to share between them, the president said. ‘Sanctions for non-compliance with the charter include the cancellation of mining rights or licences,’ Zuma said.”
Human Rights Watch is calling a new agreement between Senegal and the African Union “an important step in the long campaign” to bring former Chadian president Hissène Habré to trial:
“Negotiations in July between the African Union and Senegal resulted in a plan to try Habré before a special court in the Senegalese justice system with African judges appointed by the AU presiding over his trial and any appeal. The August 22 agreement commits the parties to the plan and to a timetable that would have the court operational by the end of the year.
The new agreement calls for ‘Extraordinary African Chambers’ to be created inside the existing Senegalese court structure in Dakar. The chambers will have sections to handle investigations, trials, and appeals. The trial court and the appeals court will each consist of two Senegalese judges and a president from another African country.”
Reuters reports that the French government plans to “expand the number of sectors” where Roma people living in France are allowed to look for jobs:
“A government-approved list of jobs that are considered open to Roma people, which now stands at 150 and includes trades such as roofers, will be extended, according to a statement by [Prime Minister Jean-Marc] Ayrault’s office.
Two weeks ago, police evicted around 300 people from illegal campsites near the cities of Lille and Lyon and sent 240 of them on a plane back to Romania. The swoops recalled a crackdown two years before for which Sarkozy drew international criticism.”
The Associated Press reports that a new public opinion poll suggests there is little local support for a $5 billion gold-mining project in northern Peru, which has raised fears of contaminated water supplies:
“The Ipsos-Apoyo poll in Cajamarca province found just 15 percent approve of the Conga project, with 78 percent disapproving and 7 percent with no opinion. U.S.-based Newmont Mining Co. is the mine’s majority owner.
Hundreds of Conga opponents held a second day of peaceful protests in the region Wednesday against what would be Peru’s biggest mine. They defied a state of emergency suspending the right of assembly that was imposed in early July after five people died during violent protests.”
Reuters reports on a new study which found that Americans “throw away nearly half their food,” thereby wasting about $165 billion annually:
“ ‘As a country, we’re essentially tossing every other piece of food that crosses our path. That’s money and precious resources down the drain,’ said Dana Gunders, a scientist with the Natural Resources Defense Council’s food and agriculture program.
Particularly worrisome, the organization said, was evidence that there has been a 50 percent jump in U.S. food waste since the 1970s.
‘No matter how sustainably our food is farmed, if it’s not being eaten, it is not a good use of resources,’ said Gunders.”
Glencore hearts droughts
The Guardian reports that the “food chief” at commodities-trading giant Glencore has said a crop-destroying drought in the US is good for business:
“Chris Mahoney, the trader’s director of agricultural products, who owns about £500m of Glencore shares, said the devastating US drought had created an opportunity for the company to make much more money.
‘In terms of the outlook for the balance of the year, the environment is a good one. High prices, lots of volatility, a lot of dislocation, tightness, a lot of arbitrage opportunities [the purchase and sale of an asset in order to profit from price differences in different markets],’ he said on a conference call .
‘They [Glencore] are millionaires making money from other people’s misery caused by the drought,’ [global food trade expert Raj Patel] said. ‘It’s the sad fact of how the international food system – that they pushed for and our governments gave to them – works.’ ”
As the Non-Aligned Movement prepares for next week’s Tehran summit, Trinity College’s Vijay Prashad suggests that the 120-nation group may be about to emerge from its decades in the wilderness:
“Until the last decade there have been few attempts to create an ideological and institutional alternative to neoliberalism or to unipolar imperialism.
With the arrival of the BRICS (Brazil, Russia, India, China and South Africa) in the past few years, the mood has lifted. The much more assertive presence of the BRICS inside the NAM and in the United Nations has raised hopes that US and European intransigence will no longer determine the destiny of the world.”