UK LEADER STARMER BATTLES TO KEEP JOB AS MANDELSON-EPSTEIN REVELATIONS TRIGGER CRISIS. (PHOTO).

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 UK leader Starmer battles to keep job as Mandelson-Epstein revelations trigger crisis    British Prime Minister Keir Starmer was fighting for political survival on Monday as his authority within the Labour Party sharply eroded less than two years into his term. Under mounting pressure from party lawmakers, Starmer was scrambling to head off a potential revolt that could cost him the leadership after a damaging scandal involving his appointment of Peter Mandelson as Britain’s ambassador to Washington. The crisis deepened over the weekend when Starmer lost his chief of staff, and it intensified further on Monday with the resignation of his director of communications, Tim Allan, who said he was stepping aside to allow a new team to be formed. Starmer was scheduled to address Labour lawmakers behind closed doors in a bid to stabilize his leadership and regain trust. At the center of the turmoil is Starmer’s 2024 decision to appoint Mandelson to one of Britain’s most senior d...
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U.S CHALLENGES CHINESE CONTROL IN RACE FOR AFRICAN MINERALS. (PHOTO).

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 U.S challenges Chinese control in race for African minerals


Mali will create a state-owned company to manage holdings in mining companies, according to a statement released by the council of ministers.


Other resource-producing countries in West Africa such as Niger and Guinea have been managing their assets through similar state-owned mechanisms.


The company Sopamim, whose capital is fully owned by the state, will acquire and manage Mali's holdings, according to the statement released, Reuters reported.


The West African country is one of Africa's largest gold producers, with mining companies including Barrick Gold, B2GOLD, Resolute Mining, Endeavour Mining and Hummingbird Resources active in the gold-rich western and southern regions.


In 2022, Mali created another state-owned company called Sorem with the aim to explore and develop mineral resources.


Mali's military rulers introduced a new mining code in 2023, expanding state and local ownership of mines to at least 35% from 20%.


The new code also increased tax collection, helping to push up state revenues from gold mining companies by 52.5% in 2024.


Last month, Mali named a former Barrick executive as special adviser to the presidency who will oversee the mining sector.

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