Angola looted as MPLA retreats

Article Abstract:

The MPLA government in Angola appears to be foundering. Many high-ranking party members have applied for permanent residence in Portugal, allegedly taking smuggled or stolen diamonds. The MPLA is fragmented and corruption is rife. Public money, raised from the sale of an oilfield, has vanished. Unita, the opposition party, is preparing for the forthcoming election and appears confident. The Unita party, which has a reputation for violence, is greatly feared. Its leader, Jonas Savimbi, wants to dismantle everything the MPLA has built up. There are fears that the election will not take place.

Political activity, Political aspects, National Union for the Total Independence of Angola, MPLA-PT (Angola)

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Madagascar must choose between trees and titanium

Article Abstract:

Madagascar is a large and beautiful country, but its economy is very weak as a result of the rule of pro-Soviet military dictator Didier Ratsiraka. The population is increasingly rapidly, and ordinary people are set to become even poorer. Against this background, plans by mining concern Rio Tinto Zine to mine titanium dioxide and other minerals from the country's coastline around the port of Tolanaro would appear to offer welcome income. However, considerable environmental damage could result, as the mine would remove around two-thirds of unique littoral forest behind the coastal lagoons.

Planning, Environmental aspects, Chemical industry, Madagascar

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De Beers empire loses its sparkle

Article Abstract:

The August board meeting of De Beers announced that earnings had fallen by 1/4 and imposed a 25% quota, requiring producers to close mines, stockpile or sell on the open market. A stockpile is the most likely solution, preventing De Beers from making its usual windfall profit from stockpile accumulated in bad times. Angolan and Russia production of diamonds put the De Beers system under pressure. Russia is the largest producer.

Management, Finance, Russia, Diamond industry, Diamonds, De Beers Botswana Mining Company (Proprietary) Ltd.

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