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SEARCH Africa Confidentials reporting and analysis is valued by a wide range of organisations and individuals: from corporate executives, country risk analysts, national politicians and members of the diplomatic corps, to intelligence operatives, academics, journalists and NGO personnel. Heres what our readers say about us: "If you want the detail and you want the dirt, the little blue newsletter [ Africa Confidential] that drops through your letter box is like having your own private spook who...

Text size A Romanian court on Thursday sentenced French-Israeli diamond magnate Beny Steinmetz and political adviser Tal Silberstein in absentia to five years in jail each in an organised crime case. The two Israelis were found guilty of "the creation of an organised criminal group" in a property-related case that dates back to 2006-2008 and cost the Romanian state $145 million. Romanian businessman Remus Truica received a heavier sentence, seven years in jail, while a member of the forme...

Rio Tinto taps finance head as new CEO Jakob Stausholm will assume the CEO role at Rio Tinto in January 2021. Credit: Rio Tinto. Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has named finance head Jakob Stausholm as its next chief executive, replacing incumbent Jean-Sébastien Jacques who had to step down following an international outcry over the miner’s destruction of sacred Aboriginal rock shelters. Stausholm, a Danish national who joined the company in 2018 from shipping company AP Moller-Ma...

Australias iron ore exports to China are still at risk with Beijing possibly devising a way of slapping nasty tariffs on this vital commodity used to make steel.   Australias biggest trading partner has imposed punitive 212 per cent tariffs on wine and 80 per cent import taxes on barley, and even blacklisted coal this week. But China hasnt targeted iron ore after buying $70billion of this commodity during the last financial year, making it by far Australias biggest export among the $150billi...

China should consider alternatives for Australian iron ore as trade tensions simmer, analyst says As tensions between Australia and China continue to simmer, Beijing needs to think about diversifying the supply of one key commodity from Down Under, according to an analyst. Beijing imports 60% of its iron ore from Australia, and is heavily dependent on the commodity, which it uses to make steel. China is the world’s top producer of steel. Other Australian exports to China have been affected by...

Business & Human Rights Resource Centre Featured pages Featured pages Featured pages Featured pages Article Simandou iron ore deposit in Guinea: Vale asks US court to force Steinmetz to pay $2bn award "Vale asks US court to force Steinmetz to pay $2bn award", 11 décembre 2020 Steinmetz is the founder and owner of BSG Resources, a company embroiled in a long-drawn-out dispute with Vale over lost rights to the massive Simandou iron ore project in Guinea. The Israeli magnate s...

MacroBusiness Access Subscriber Only Content From the sensible Ian Verrender at the ABC: So, what’s Plan B? For Australian exporters suddenly caught in the headlights of an increasingly hostile regime in Beijing, the answer, it appears, is: there isn’t one. If it hasn’t sunk in quite yet, the chances of a rapprochement are slimming by the day and any chance of mending the relationship now seems out of reach. Plan A, so far, has involved increasingly shrill cries from our business leaders...

As Australias relationship with China deteriorates beyond repair, we need to find new trade partners Posted SunSunday 13 updated SunSunday 13 Australias relationship with China now seems beyond repair. ( Share Print text only So, whats Plan B? For Australian exporters suddenly caught in the headlights of an increasingly hostile regime in Beijing, the answer, it appears, is: there isnt one. If it hasnt sunk in quite yet, the chances of a rapprochement are slimming by the day and any chance of m...

AUD Bullish: Dalian iron-ore futures refresh record high