Bulletins and News Discussion for December 11th to December 17th, 2023 - What's Yours is Mine - COTW: Canada
Image is of the Cobre Panama open-pit copper mine, located 120 kilometers west of Panama City.
Canada is a prolific mining country, hosting many of the world's top mining corporations. Some of its extraction is local - for example, Saskatchewan is the world's largest producer of potash, a critical agricultural nutrient. Much of the extraction is abroad. Naturally, this means that Canada has cut a bloody, but often ignored, path through the global periphery, extracting minerals and causing environmental degradation.
A notable recent example is that of the Cobre Panama copper mine, which is owned by First Quantum Minerals, one of the largest mining companies in Canada. The company earned $10 billion in revenue in 2022, of which the Cobre Panama mine generated $1 billion. Protests in Panama about this mine have gone on for over a decade, urging for a greater share of the profits, protection of indigenous people, and stronger environmental protections. Canada has maintained a stoney silence (pun somewhat intended) on these movements.
On October 20th, the president of Panama, Cortizo, renewed the company's mining concession for 20 years, after a halt in production since the end of 2022 due to negotiations and reform. Everybody hated this. In October, protestors took to the streets in sufficient numbers that Cortizo was forced to halt new mining approvals, and announced a public referendum on whether the contract with First Quantum should be repealed. This was immediately cut down, but the government decided to invalidate the new concession anyway in late November, calling it unconstitutional, and closing down the mine.
First Quantum Minerals has lost about half its market value since October. Various international banks have said that Panama could lose its investment-grade credit rating next year due to the income hit - the mine generated 5% of its GDP. The international arbitration process which First Quantum has initiated against Panama could last years.
The book Canada in the World: Settler Capitalism and the Colonial Imagination handles Canada's role as an imperialist, anti-indigenous, extractive state throughout its history, and is on our geopolitical reading list.
Defense Politics Asia's youtube channel and their map. Their youtube channel has substantially diminished in quality but the map is still useful.
Moon of Alabama, which tends to have interesting analysis. Avoid the comment section. Understanding War and the Saker: reactionary sources that have occasional insights on the war. Alexander Mercouris, who does daily videos on the conflict. While he is a reactionary and surrounds himself with likeminded people, his daily update videos are relatively brainworm-free and good if you don't want to follow Russian telegram channels to get news. He also co-hosts The Duran, which is more explicitly conservative, racist, sexist, transphobic, anti-communist, etc when guests are invited on, but is just about tolerable when it's just the two of them if you want a little more analysis.
On the ground: Patrick Lancaster, an independent and very good journalist reporting in the warzone on the separatists' side.
Unedited videos of Russian/Ukrainian press conferences and speeches.
Pro-Russian Telegram Channels:
Again, CW for anti-LGBT and racist, sexist, etc speech, as well as combat footage.
https://t.me/aleksandr_skif ~ DPR's former Defense Minister and Colonel in the DPR's forces. Russian language. https://t.me/Slavyangrad ~ A few different pro-Russian people gather frequent content for this channel (~100 posts per day), some socialist, but all socially reactionary. If you can only tolerate using one Russian telegram channel, I would recommend this one. https://t.me/s/levigodman ~ Does daily update posts. https://t.me/patricklancasternewstoday ~ Patrick Lancaster's telegram channel. https://t.me/gonzowarr ~ A big Russian commentator. https://t.me/rybar ~ One of, if not the, biggest Russian telegram channels focussing on the war out there. Actually quite balanced, maybe even pessimistic about Russia. Produces interesting and useful maps. https://t.me/epoddubny ~ Russian language. https://t.me/boris_rozhin ~ Russian language. https://t.me/mod_russia_en ~ Russian Ministry of Defense. Does daily, if rather bland updates on the number of Ukrainians killed, etc. The figures appear to be approximately accurate; if you want, reduce all numbers by 25% as a 'propaganda tax', if you don't believe them. Does not cover everything, for obvious reasons, and virtually never details Russian losses. https://t.me/UkraineHumanRightsAbuses ~ Pro-Russian, documents abuses that Ukraine commits.
milei gives up after two days and sends a letter to Xi asking him to intervene directly in the currency swap that was signed mere months ago. The same milei who said that "he won't deal with Communists".
In an attempt to quickly rebuild ties with the Asian giant and obtain the US$5 billion renewal of the current currency swap with China, President Javier Milei sent a letter hours ago to Chinese President Xi Jinping, in which he requests his support to accelerate the process and obtain the funds to face urgent expirations with the International Monetary Fund (IMF).
Before and after that meeting, in which Foreign Minister Diana Mondino participated, the short circuits that still separate China from the Milei government became clear, whose statements regarding “not having ties with communist countries” made during the electoral campaign, upset the Chinese government.
Milei's urgency to rebuild ties with China was reflected during the meeting, in which, as LA NACION learned, the President showed himself willing to have a phone call with the Chinese president. Previous loans, such as those obtained by President Alberto Fernández with Sergio Massa as Minister of Economy, were unblocked after direct communication with the Chinese president. The delegation of that country left the President an invitation to visit the Asian giant as soon as possible.
Among the demands that the Chinese delegation brought to Buenos Aires is to replace, or at least announce, the successor of Sabino Vaca Narvaja at the head of the embassy, taking into account that other destinations have already been announced or confirmed, such as the United States (Gerardo Werthein), Brazil (Daniel Scioli will continue) and Israel (they will appoint Milei's rabbi and spiritual guide, Axel Wahnish). Currently, and after the resignation of Vaca Narvaja, Marcela Barone, a diplomat with the rank of secretary, was in charge of the embassy, in one of her first diplomatic assignments. Mondino's announcements to “transparent” the agreements with China also caused discomfort, in reference to the currency swap and other economic agreements for current public and private works.
Unlike the Milei government, Alberto Fernández received the delegation led by Wu Weihua on Saturday at 11 in the morning at the Casa Rosada in a meeting in which Vaca Narvaja participated on his last day as ambassador, the then foreign minister Santiago Cafiero and the general secretary of the outgoing Presidency, Julio Vitobello. Sources from the previous administration affirm that the sending of a “high-ranking” diplomat could help unblock the link and complement the letter sent by the President.
On the other hand, and with his now classic leather jacket and boots, President Milei arrived minutes before 8 at the Casa Rosada. On his second business day as President, the president led a cabinet meeting held for the imminent economic measures that will be announced today afternoon, and special presences. The former head of the Central Bank Federico Sturzenegger, a supporter of economic “shock” policies, participated in the meeting, along with the Minister of Economy, Luis Caputo, the head of the Central Bank, Santiago Bausili, and the other ministers. Caputo and Bausili, as it turned out, seek to accelerate verbal and factual reconciliation with China, and asked the Foreign Ministry for clear and forceful gestures in that regard.
The former Minister of Justice and proposed as the next Treasury Attorney, Rodolfo Barra, was also seen entering the Casa Rosada, questioned for his participation in the Tacuara philonazi group in the sixties.
China lent out a lot of RMB to keep Argentina’s economy afloat, but none of this is solving anything, just kicking the can down the road while the disease - Argentina’s huge sums of dollar debt - festers.
The real winning solution is to pay off Argentina’s dollar debt. This, or defaulting, is the only way out for Argentina, the only way to blunt America’s financial imperialism, but there is no alternatives to rely on if Argentina chooses to default. BRICS is really not doing anything while America is eating up everybody’s lunches.