Tag Archives: Irvin

No EU monitors for north

The visit by the EU delegation comes as provincial council polls are scheduled to be held in the North in September.The EU, had earlier this year, said it wants an independent investigation and evaluation into the final years of the war in Sri Lanka, in addition to the national inquiries. The European Union (EU) will not be sending monitors for the provincial council elections in the North, a visiting EU delegation said today.Jean Lambert, Chair of the European Parliament Delegation for Relations with the Countries of South Asia, said that the EU usually monitors major elections and in the case of the elections in the North there was not enough time to prepare for it. Lambert, who together with her delegation, visited the north during her current trip to Sri Lanka, said that there still remains a lot to be done in post war Sri Lanka. The EU had said it remains concerned about reports of threats and attacks on human rights defenders and journalists in Sri Lanka, and encouraged authorities to hold those responsible accountable.The European Parliament had also passed a resolution ahead of the UN Human Rights Council session in March, re-emphasising the need for accountability and reconciliation in Sri Lanka. (Colombo Gazette) Speaking at a social gathering at a hotel in Colombo, Lambert said she hoped the elections will further help the reconciliation process in the country. read more

Developing an African gold mining industry to deliver lasting value

first_imgBy working together, gold miners and their host country governments can build companies and industries that are sustainable regardless of the gold price cycle, Randgold Resources CEO Mark Bristow told the Indaba mining conference in Cape Town today. “Between the last gold boom in 1980 and the current bull run, there have been many peaks and valleys, often linked to economic or political jitters. The challenge is to create legislation and pursue business models that are not locked into this rollercoaster ride but are capable of surviving cyclicality,” he said.Bristow noted that Africa’s mineral wealth was offset by its lack of infrastructure and skills, as well as by governments’ tendency to change the rules once they had successfully solicited mining investment. “It takes only a small shift in the risk:reward equation to discourage investment, which is why many of the big international companies which were flocking to Africa at the height of the boom have suddenly developed cold feet,” he said.However, in addition to its mineral resources Africa also held a significant attraction for gold miners in the form of its gold fields’ geographic concentration, notably in the Birrimian region of West Africa, the Congo Craton of Central and East Africa and the Witwatersrand of South Africa. “If governments could get together and create enabling legislation, this aggregation does offer the potential for some very attractive synergies,” he said.Bristow said in just over 10 years Randgold Resources had discovered and developed two mines with a combined annual gold production of 700 000 oz, was building a third and had a fourth waiting in the wings. Its existing mines had created 5,000 jobs in areas where the only economic activity had been subsistence farming. It had invested substantially in the development of people and partnerships with governments, communities and local businesses, creating lasting value for all its stakeholders in the form of economic opportunities, careers and skills, improved infrastructure and a better quality of life.“If we as a company have been able to achieve this in West Africa, then surely as an industry, and in partnership with our host governments, we should be able to repeat it across the continent – building profitable mines that could support industry, attract fixed capital investment and deliver benefits to all stakeholders,” he said.last_img read more