Politics and elections with current news Brazil

Brazil Business

Brazil rolls out  a big concession program

22/02/2013 – The candidates and politics are heating up with “elections near in brazil” and so is the currency .“In the past seven months the Real was one of the least volatile currencies in the world. There is no need to take measures to control currency appreciation other than to leave it to float free,” Brazilian Minister of Finance Guido Mantega told Latin Business Chronicle… More

brazil elections politicsbrasil mardi grass

Brazil

Elections , Politics and Early kick-off for Brazil Politics in Brasil: 21/02/2013

The 2014 presidential campaign gets under way Location: SÃO PAULO A CAMPAIGN that officially lasts just three months should mean that Brazil’s next presidential election, due in October 2014, feels far away. In fact it seems almost imminent.

On February 16th Marina Silva, who came third in 2010 as the Green Party’s candidate, launched a new party, the Sustainability Network and three days later the president, Dilma Rousseff, announced increased welfare payments to 2.5m poor Brazilians in a speech widely interpreted as launching her bid for a second term.

Theopposition, (PSDB) the Party of  Brazilian Social Democracy , is considering primaries that its bigwigs have designed to bolster Aécio Neves, their preferred candidate.

Eduardo Campos, the governor of Pernambuco state who heads a fast-growing centrist party, is mulling a run, too. Ms Silva’s “Network”, …  Politics in Brazil: Early kick-off

Trade restrictions  carbon  trade and  Air trade in brazil and BRICS – 21/02/2013

Can trade restrictions be justified on environmental grounds? Main image: 20130223_FND000_0.jpg CARBON markets look green around the gills. The price of carbon on Europe’s emissions-trading system, the world’s biggest, has slumped. Barack Obama’s hope of getting a cap-and-trade proposal through Congress seems as distant as ever.

There is no sign of action in places like India and Brazil. Carbon markets exist or are on their way in Europe, Australia, California, China and South Korea. One day, carbon prices will vary greatly between countries.

When they do, those with higher carbon prices will be at a competitive disadvantage because the cost of emitting carbon will be embodied in the overall price of goods, raising them relative to goods produced in countries with no or low carbon prices. A new study* by Aaditya Mattoo of the World Bank. With elections near  brazil will need to be more focuseed on  the future of carbon trade  and the world will need to wait and watch what the brazil elections bring … more Free exchange: Air trade

The list of brazil fires

Fires in brazil  specially in clubs is not something new, but a  tragedy of this scale has not happened before and its quite alarming that  not better security and health and safety  practices were put in place , given previous similar club tragedies

night club fire brazil

Onstage pyrotechnic displays by a music band  are blamed  to may have cost more than 230lives in this tragic fire in a nightclub in brazil. The blaze began at around 2:30 am local time, during a performance by Gurizada Fandangueira, a country music band that had made the use of pyrotechnics a trademark of their shows.

Pages in category “Fires in Brazil”, out of 5 total.

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Conference – African Mining Indaba 2013

Investing in “African Mining Indaba” is the world’s largest mining investment conference in the African continent and the largest mining event in Africa. The annual Investing in African Mining Indaba is organised by Mining Indaba LLC which has been held for more than 18 years now.

mining indaba conference 2013 africa

INDABA is one of the largest tourism marketing events on the African calendar and one of the top three ‘must visit’ events of its kind on the global calendar. More than half of the delegates attending the event come from Africa, while 18% are from Europe, 12% from Australia, and 8% from North America.

Conference Event details  – African Mining Indaba 2013

19TH ANNUAL INVESTING IN AFRICAN MINING INDABA
4-7 February 2013
Cape Town, South Africa

Conference Registration

Conference registration will open on Saturday, 2 February at 12:00. See full registration schedule

Exhibition Hall

Exhibition Hall will open on Monday 3 February at 17:30. See full conference activities schedule

Indaba  Africa conference 2012 – 7000  + mining professionals and investors from all continents of the world attended. Indaba Africa conference 2013  -  2013  conference to welcome 7000 + delegates in 2013.

Keynote speakers

Mining Conference Keynote Speakers

GENERAL SHOW ENQUIRIES ONLY
If you have a general show enquiry, please send it to info@minngindaba.com or call +1.859-746-5700 (hours of operation: Monday through Friday, 08:00-17:00 (UTC-GMT-5 hours)

 

About cape town south Africa

Cape Town

Cape Town is the second-most populous city in South Africa after Johannesburg, and the provincial capital and primate city of the Western Cape. As the seat of the National Parliament, it is also the legislative capital of the country. Wikipedia

Population: 3,497,097 (2007)

Area: 2,455 km²

Weather: 24°C, Wind S at 42 km/h, 47% Humidity

Local time: Monday 1:37 pm

Points of interest

Table Mountain image courtesy – http://worldislandparadise.com

Cape of Good Hope – Imgae couyrtesy – travel.nationalgeographic.com

Victoria & Alfred Waterfront img courtesy – www.kapstadt-entdecken.de

Kenya sets new law of 35 % local ownership for new mining projects

Prof Muigai’s verdict is good news to Australian mining company Base Titanium, widely regarded to have been the target of a small cabal of top government officials who have been pushing for the 35 per cent local equity participation rule. Base Resources, the Australian firm mining titanium in Kenya’s Coast, has valued 35 per cent of its local operations at $150 million (Ksh12.8 billion).

kenya mining and oil n gas laws policy emblem

Who is – Githu Muigai – from Wikipedia, the free encyclopedia

Githu Muigai (born 1960) is the Attorney General of The Republic of Kenya. He holds a bachelor’s Degree in Law degree from the University of Nairobi, a masters degree in International Law from Columbia University School of Law. Prior to becoming Attorney General Githu Muigai has served in the defunct Constitution of Kenya Review Commission and at the United Nations as Special Rapporteur on contemporary forms of racism, racial discrimination, xenophobia and related intolerance.

Prof. Githu Muigai

Prof. Githu Muigai from  http://www.softkenya.com

A gazette notice issued in September by Environment Minister Chirau Ali Mwakwere directed that mining companies cede 35 ownership to local investors. Mining firms and overseas companies have been given a grace period of between three and five years to comply.

New laws at a glance

  • The regulations were welcomed  by locals  who saw this as a way to  benefit from the mining  profits generated by the foreign mining companies , who see it as arm twisting to share their profits.
  • Mining activity has picked up in Kenya recently, however the majority of companies are still at the initial stages, having been issued only with prospective licences.
  • Prof Muigai has clarified that only licences issued after the gazette notice, will b e affected by the 35 per cent local equity participation requirement.

Referred to as the “Mwakwere rules” and introduced by Environment Minister Ali Mwakwere. The one problem that this  new law  will bring about for foreign companies is , will the locals but into their shares or have the money to buy into their shares  thus giving them the 35 % for approval.

Who is  – CHIRAU MWAKWERE

Amb. Chirau Ali Mwakwere – Kenyan Minister of Environment

Chirau Mwakwere

From : http://www.whoswho.co.ke/chirau-mwakwere

Amb. Chirau Ali Mwakwere is the Kenyan Minister of Environment. He previously served as the Kenyan Minister of Transport

In comparison , Botswana with one of the most established mining sectors — and reputed to have the most liberal mining codes — the threshold for local shareholding of mining companies is 13 per cent.

Oil and gas exploration in kenya

The oil and gas industry is also going through change , with the  Ministry of Energy hopes to introduce the regulations under the reviewed Petroleum Exploration and Production Act by mid 2013. For oil and gas exploration, Acreage will now be awarded to the highest bidder who offers the best terms to the government and agrees to pay requisite fees. This exercise will be carried out publicly, replacing the current system where exploration rights are issued on a first-come first-serve basis.

By introducing competitive bidding, Kenya will join the ranks of countries like Tanzania that already have the system. Uganda plans to have a bidding process as well.

Brazil top Retail stocks Listing of companies

Below a table of some of the top 20 largest companies in Brazil by sales in no particular order and also listing by some sectors . The list from Business and Economy Brazilian magazine was published featuring a list of the largest corporations operating in Brazil (financial companies, like banks, were not included) in 2003.

retail sector in brazil and company list

Even though Brazil has the fifth largest population in the world, Brazilian retailing is not correspondingly dominant in the global rankings, More than 50% of Brazil’s retail consuming is for food.

1 Petrobras ( petroleum and energy)

Petrobras drills wells and refines petroleum. BR Distribuidora sells the products (gasoline, diesel, etc) to the wholesalers (Shell, Esso, etc) which eventually sell to the gas stations.

2 BR Distribuidora ( Wholesale (fuel))

3 Telemar (Telecommunications)

4 Telefonica (Telecommunications)

5 Ambev ( Beer and drinks)

6 Ipiranga

7 Volkswagen

8 Shell

9 General Motors

10 Brasil Telecom ( Telecommunications)

11 Bunge Food (Food and Drink)

14 Carrefour ( Retailer)

12 Pão de Açucar ( Retailer)

19 Cargill

33 Casas Bahia ( Retailer)

Brazil is growing so quickly in recent years that signs of inflation have begun to pop up in its economy, which has forced the country’s Central Bank to out on the brakes and take measures to raise interest rates. The Brazilian index has presented an opportunity for those bold enough to buy when prices and valuations are a bit depressed with markets running a bit weaker that it should be.

shops in brazil

In brazil In 2011 retailing experienced a slight slowdown in growth and economy compared with the strong performance recorded in 2010. For “brazil 2012” was a bit faster paced though finance markets were a bit subdued. Wikipedia holds extensive list of companies in brazil

Some Heavy Hitters in the brazil stock market

Ultrapar Holdings, Inc. (UGP) distributes liquefied petroleum gas and lubricants and has a market cap of $8.2 billion.

Gafisa SA (GFA ) is a Brazilian home builder with a market cap of $2.73 billion.

Cosan Ltd. (CZZ) is an agriculture player, producing and selling sugar and ethanol with a market cap of $3.46 billion.

Braskem S.A. (BAK) produces and sells petrochemicals and has a market cap of $9.77 billion.

Investors interested in exchange traded funds focused on Brazil might want to consider the following trades:

ProShares Ultra MSCI Brazil (NYSE: UBR) is almost 40% higher year to date.

Global X Brazil Consumer ETF (NYSE: BRAQ) is more than 20% higher year to date.

iShares MSCI Brazil Index (NYSE: EWZ) is almost 19% higher year to date.

Global X Brazil Mid Cap ETF (NYSE: BRAZ) is almost 18% higher year to date.

Madagascar government And development

The Madagascar government is set on strengthening
the economy through its bold 2007-12 Madagascar
Action Plan (MAP), which aims to continue structural
reforms, diversify levers for growth and achieve the
Millennium Development Goals (MDGs)

madagascar africa  and investment

The World Bank Board of Executive Directors today approved an International Development Association (IDA) credit* of US$8 million to support the Government of Madagascar’s Mineral Resources Governance Project (PGRM).

African countries have much to gain by diversifying exports and by further opening up regional trade. Despite improving over recent decades, Africa’s share in world trade remains low, it is heavily concentrated in natural resources, and intra-African trade is particularly limited. Regional integration can also help African countries become more competitive and resilient to external shocks.

The African Development Bank Group, UNICEF and the Government of Madagascar signed a US $1-million grant agreement to fund rehabilitation of social infrastructure in the country following the devastating cyclones Giovanna and Irina, which hit the country in February. The signing took place on August 23 in Brickaville, about 250 km east of Antananarivo.

GDP grew substantially in 2007 (6.3 per cent)
after thefairly modest advance of 2006.This was largely
due to the start of construction for two large mining
projects (ilmenite and nickel/cobalt), public
infrastructure investment and good secondary sector
performance. Foreign private investment in mining
accounted for much of the 26.6 per cent rise in gross
investment

The Board of Directors of the African Development Fund (ADF) approved today a loan of 6.52 million Units of Account (UA)* – approximately US $ 8.46 million to finance the Bank participation in the financing of the cyclones Eline, Gloria and Hudah damage repairs project in Madagascar

“Madagascar had already registered a number of critical successes like the Mining Cadastre service which is considered currently the best in Africa and the increasing formalization of artisanal and small-scale mining “ says Robert Blake, Country manager for Madagascar

Madagascar stated its intention to join the Extractive Industries Transparency Initiative (EITI) in October 2006 in Oslo, Norway.

Cape Town – AfricaCom 2012 Summit

What is AfricaCom Summit 2012

Its the largest event for the digital industry in Africa, which  brings together over 7,000 delegates, key executives, industry leaders, and organizations from the media, ICT, and telecom sectors to discuss and promote business in Africa in the changing digital landscape.

The AfricaCom exhibition features 250 of the world’s leading technology and solutions providers

httpafrica.comworldseries.com

What is happening  at Africacom 2012 event

Showcase of merging technologies and applications

Panel discussions and forums

Technology workshops

Provide a  platform for networking and business opportunities.

Program guide  africacom 2012

Day 1

The brand new 3 day Africa Com has a host of additional programme features delivered by a 200+ strong speaker faculty.

DAY 2 PROGRAM DETAILS

DAY 3 PROGRAM DETAILS

Africa Mining and the Future

Mining is a growing   enterprise in many African countries.  The continent is known to be producing over 60 mineral and metal products through mining. Several countries in the  African continent  are known for  producing the world most  vital mineral  and metal products such  as  Gold, Silver Diamonds, Chromium, Uranium, Manganese, Cobalt, Nickel, Bauxite and  a lot more.

Future of Mining industry in Africa

Although the mining business is thriving in African to some extent, the continent still remains underexplored.  Despite this, the continent is known for hosting over 30% of the world’s mineral reserves with particular emphasis on gold, diamond and cobalt.  In fact, the mining development in the continent has been focused on diamond and gold exploration.  Yet,   a lot need to be achieved in the near future.  Several explorations need to be carried in order to maximize the natural resources available in many of the African countries.

Several African nations are known   for having thriving mining enterprise. Madagascar and Nigeria have the greatest potentials   for industrial and base metal deposits.  However, the mining enterprise is mainly thriving in Ghana, South Africa, Zambia, DRC, and Tanzania.  Other countries rely on the mining industry as major foreign currency earners. Among such African countries include Namibia, Zambia, Botswana and Sierra Leone.

Currently, several new mines are opening up in some African countries such as South Africa, Tanzania, Namibia, Gabon and Botswana.  Some of the metals and minerals expected to be mined in such countries include gold, chrome, niobium products, diamond and base metals.   A lot of new discoveries are being made in many of the African countries.  For instance, there’s a recent discovery of diamond in Mauritania and in Southern Namibia.

Mining potential in African Countries

In any case, despite the potential of the mining enterprise in Africa, the future of   the business is very bleak. This is because of the incessant political and economic turmoil that characterize the African continent.  Several African nations have passed through civil wars.  Some of them are currently having   political and economic problems.  Political instability, bribery and corruption are thriving in many of the African nations.  This has continued to affect the development of the mining industry and other vital economic sectors.

Again, the growing insecurity in the African continent also poses a great threat to the mining enterprise.  There’s the issue of guerrilla attacks, Boko Haram terrorist attacks, armed robbery, bombings and killings here and there.  All these ugly facts have continued to mar the future of mining in the continent.  Several mines in some of the affected countries have been shut down.  The global economic crisis also affects the mining business in Africa.

In any case, there’s still hope for the African mining enterprise despite the challenges on ground. It’s expected that future governments in the African nations will rise up to the challenge of promoting the mining business. We still hope for a better future in the midst of the existing challenges.

Event – Africa Down Under conference

The Africa Down Under conference is to be held at Pan Pacific Perth (formerly Sheraton Hotel) and Novotel Perth Langley, on 29 August – 31 August 2012. Apart from the regular  presenting companies and future project launches, the event will be attended by several African Mines Ministers, business leaders and executives from the mining services industries

http://www.africadownunderconference.com/

Africa mining conference 2012 in AUSTRALIA

west africa

IN 2011 the conference attracted more than 2000 delegates, 166 exhibitors and a full three day programme of top-notch speakers. The conference will give the opportunity to research joint ventures with juniors and grub-staking is taking place from Ghana in the north-west, to Kenya in the east and down south in the all-powerful triad of South Africa, Botswana and Namibia.

Africa Down Under - 29th August to 31st August 2012

The Africa down under conference will attract

  1. Mining Executives
  2. Financiers/bankers/brokers/analysts
  3. Government Officials and representatives
  4. Investors
  5. International and local media
  6. Mining service industry
  7. Suppliers
  8. Mining Consultants

YOUU CAN FIND THE CONFERENCE PROGRAM HERE – http://www.africadownunderconference.com/conference-programme/ , http://www.africadownunderconference.com/exhibitor-list/

About 220 Australian mining and oil companies have 595 projects operating in 42 African countries. Committed and planned investment by Australian companies in African resources projects is more than $50 billion, according to the Department of Foreign Affairs and Trade

The Africa Down Under conference has broken records again tin 2011, with 2,000 delegates and 11 African resources ministers attending

Related links

Australian Miners Are Moving on the Next Frontier

AAMIG – Australian and Australian-based mining and service industry

International Mining for Development Centre –  In partnership with the Australian Government, The University of Western Australia and The University of Queensland have established the International Mining for Development Centre . They assist in lifting the quality of life in developing nations through a more sustainable use of mineral and energy resources.

Mining for Development in Africa – http://ausaid.gov.au/countries/ame/Pages/mining.aspx

 

Facebook other founder Brazilian American Savarin dumps US citizenship

Mark zukenberg the 27-year-old Facebook Inc. founder could face a tax bill of more than $1 billion after the company’s initial public offering, expected next week.

Brazilian Other founder gets Singapore Citizenship

Tax analysts says, his Harvard classmate “Eduardo Saverin” who is known as “the other Facebook founder” may have found a way to cut the bill. Eduardo Saverin, who now lives in Singapore, has given up his U.S. citizenship.

us citizenship singapore citizenship savareneduardo saverin

Saverin, 30, was born and raised in Brazil and moved to the United States in 1992. He became a U.S. citizen in 1998 and has spent the last four years living in Singapore.  Singapore does not have a capital gains tax

Saverin is currently No. 634 on the Forbes list of billionaires, with an estimated wealth of $2 billion.

Saverin has a 4% stake in the company, according to the Who Owns Facebook? website. His stake could be worth nearly $4 billion after the IPO.  Though Saverin’s spokeswoman said his decision to dump US citizenship had nothing to do with the upcoming IPO and the potential tax liability.

According to the website “who owns facebook”

Here is the ownership structure of  the Facebook owners or soon to be shareholders

Employees


Mark Zuckerberg (24%)
Jeff Rothschild (.8%)
David Ebersman (.11%)
Mike Schroepfer (.11%)
Sheryl Sandberg (.1%)
Theodore Ullyot (.1%)

Venture Capitalists


Accel (10%)
Greylock (1.5%)
Meritech (1.5%)
Elevation Partners (1.5%)
WTI (.5%)
Mark Andreessen (.25%)
Andreessen Horowitz (.18%)
General Atlantic (.1%)
Kleiner Perkins (.073%)

For most updated owner ship  details you can visit http://whoownsfacebook.com/