World

Michel Notebaert, Director of Rawbank: “The customer is at the heart of our concerns.”

One week before the start of Mining Indaba 2017 in Cape Town, our editorial team had asked the organizers to facilitate interviews with some captains of banks, global financial organizations and multinational mining companies. Rawbank was on our shortlist because of its growing importance in the mining sector of the Democratic Republic of Congo. It […]

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As fortunes fade, Glencore moguls prepare to up their bets

LONDON (Reuters) – Four years after a stock market listing made them billionaires, and months after the last ban on them selling shares expired, most Glencore managers are still sticking with their boss Ivan Glasenberg – and even preparing to invest more in the firm. The loyalty comes as a surprise to many industry players, particularly

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The United States is taking new anti-speculation measures on raw materials

Chris Dodd and Barney Frank to the right of Barack Obama, on the day the Dodd-Frank Act was signed, July 21, 2010 The US authority in charge of regulating derivatives, the Commodity Futures Trading Commission (CFTC), approved a new proposal on November 5 to limit speculative trading in these products. Passed by a vote of

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France is redefining its development aid and focusing it on 16 priority African countries.

France’s new development priorities were defined by the Interministerial Committee for International Cooperation and Development, chaired by Jean-Marc Ayrault (pictured), on July 31. The aim is to make international development and solidarity policy more effective, coherent, understandable, and transparent. By convening the Interministerial Committee for International Cooperation and Development (CICID) – for the first time

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Is a ban on the sale of physical commodities by banks in the USA imminent?

According to Agence Ecofin, the US Federal Reserve (Fed) is “examining” the permits to sell physical commodities held by certain banks, as opposed to commodity-backed futures contracts, the Financial Times reported on its website on July 22. Senior Fed officials have been discussing with executives from major Wall Street banks such as JPMorgan Chase and Goldman Sachs

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President Obama announces the launch of a training program for young African leaders in the United States

On June 29, President Barack Obama announced the creation of a training program for young African leaders called the Washington Fellowship for Young African Leaders , before an audience of more than 600 dynamic young leaders from South Africa, Kenya, Nigeria, and Uganda. This project is the new flagship program of the U.S. President’s Young African Leaders

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What on Earth Are ‘Commodity Super-Cycles’ and Why Do They Matter?

The average developing country lives off exporting  commodities like oil, gas, copper, cocoa or soybeans. The sale of these resources brings both revenue to the government and foreign currency to import what is not produced at home – which, in these places, tends to be most things. So whatever happens to the price of those commodities

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