Hiển thị các bài đăng có nhãn approval. Hiển thị tất cả bài đăng
Hiển thị các bài đăng có nhãn approval. Hiển thị tất cả bài đăng

Thứ Sáu, 26 tháng 4, 2013

Malians cautiously welcome approval of UN force

BAMAKO, Mali (AP) — Some Malians are already questioning how successful the United Nations peacekeeping mission to their country will be given its limited mandate and the volatile mix of armed groups across the north.

The U.N. Security Council on Thursday authorized the deployment of a force made up of 11,200 military personnel and 1,440 international police for Mali.

The force is tasked with helping to restore peace after a French-led military operation was launched in January to dislodge radical Islamic fighters who had seized control of the country's vast north.

However, the U.N. peacekeepers will not be authorized to launch offensive military operations or chase terrorists in the desert, which French forces will continue to do, although France is aiming to downscale its presence in its former colony by year-end.

Daouda Sangare, an entrepreneur in Bamako, questioned how much the peacekeepers would do to protect civilians because of their limited mandate. Other U.N. peacekeepers in Africa have been accused of failing to protect local populations from attack, he said.

"The U.N. forces will only be coming to collect their salaries," he said. "We have seen the example in Congo, where the M23 rebels entered Goma and the U.N.'s blue helmets were there in the city and did not protect the population. There were deaths and injuries."

On July 1 the U.N. peacekeepers are supposed to take over from a 6,000-member African-led mission now in Mali, although the deployment date is subject to change depending on security conditions.

The transformation into a U.N.-led mission will be a positive step because it will have considerable financial backing, said Ousmane Diarra, a Bamako-based politician.

"Until now, the African forces that have been in Mali have been financed by their countries," he said. "That was a worry for us because it was not clear that the African countries could continue to finance their military mission in Mali."

Mali fell into turmoil after a March 2012 coup created a security vacuum that allowed secular Tuareg rebels to take over the country's north as a new homeland. Months later, the rebels were kicked out by Islamic jihadists who carried out public executions, amputations and whippings.

When the Islamists started moving into government-controlled areas in the south, France launched a military offensive on Jan. 11 to oust them. The fighters, many linked to al-Qaida, fled the major towns in the north but many went into hiding in the desert and continue to carry out attacks including suicide bombings.

"We know it's going to be a fairly volatile environment and there will certainly be some attacks against peacekeepers where they will have to defend themselves," U.N. peacekeeping chief Herve Ladsous told reporters on Thursday.

France is gradually easing back on its presence in Mali — currently just under 4,000 troops — and French officials said they expect to have roughly 1,000 there by year-end. Some 750 of those will be devoted to fighting the insurgent groups, officials said.

The U.N. force will also operate alongside a European Union mission that is providing military training to the ill-equipped Malian army, which was left in disarray by the March 2012 coup.

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Associated Press writers Edith M. Lederer at the United Nations and Jamey Keaten in Paris contributed to this report.


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Thứ Hai, 11 tháng 3, 2013

First Quantum bid for Inmet wins Investment Canada approval

TORONTO (Reuters) - First Quantum Minerals said on Friday its C$5.1 billion ($4.97 billion) hostile takeover bid for rival Canadian base metal miner Inmet Mining Corp has won approval under the Investment Canada Act.

The act, which requires a buyer to prove to the government that its takeover of a Canadian company will be of net benefit to Canada, typically only applies to large foreign acquisitions of companies or assets. Vancouver, British Columbia-based First Quantum had to win approval under the law, however, as the majority of its directors are based overseas.

The cash-and-stock bid is set to expire at 11:59 p.m. (EDT) on Monday, March 11. The bid was worth about C$5.1 billion, or C$72 a share, when it was announced in mid-December, topping First Quantum's two previous offers for Inmet.

On Friday, Inmet once again called on shareholders to reject the First Quantum offer, saying it was inadequate.

"While the long-term fundamental value of Inmet has not changed, the value of the First Quantum offer has declined to C$67.70 (a share) as of yesterday's closing price," said Inmet in an open letter to investors.

"The special committee and the board would be prepared to meet with First Quantum to discuss a supported transaction if First Quantum is prepared to make a fair offer to Inmet," the company said.

(Reporting by Euan Rocha; Editing by Peter Galloway)


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Thứ Năm, 7 tháng 3, 2013

CP Rail sees Keystone approval, confident in crude-by-rail

TORONTO (Reuters) - Canadian Pacific Railway Ltd assumes Washington will approve the northern leg of the Keystone XL pipeline, and remains confident in the long-term viability of its crude-by-rail business, its chief executive said on Wednesday.

"I happen to think maybe there's a play or a need for both," said Hunter Harrison, CEO of Canada's second-largest railway, referring to rail and pipelines.

He said trains can redirect shipments according to market needs more easily than pipelines.

"If the pipeline ought to be built for North America, so be it. I'm not against pipelines," he said on a webcast of an industry conference in New York. "But I don't think whether Keystone comes or doesn't happen, it's going to affect those numbers."

TransCanada Corp is awaiting approval from the U.S. government for its controversial $5.3 billion oil pipeline proposal. When completed, Keystone would carry Alberta crude to Texas refineries.

The U.S. State Department said in a draft report last Friday that building the pipeline would not demonstrably boost emissions of greenhouse gasses.

Harrison reiterated his view that "pretty significant" growth is expected in its crude-by-rail business this year - likely double - and will swell two to three times by 2016.

Shipments of crude by rail in the United States have surged from around 11,000 barrels per day in 2007 to an estimated 340,000 bpd in 2012, becoming a booming niche market for North America's railroads.

Harrison also said that the company's operating ratio - a key productivity measure - could bounce "against that 70 percent barrier" in 2013. The lower the number, the more efficient the railway.

"We've said low-70s, but if things come together and everything hits, is there a probability that we could be below that? Certainly," he said.

During an earnings conference call earlier this year, Harrison said the company expects its operating ratio, which stood at 74.8 in the fourth quarter, to be in the low-70 percent range.

(Reporting by Solarina Ho; Editing by David Gregorio)


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