US Africa Leaders Summit promises more exploitation for Africa, record profits for US mining firms

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US Africa Leaders Summit promises more exploitation for Africa, record profits for US mining firms

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https://thegrayzone.com/2023/01/23/us-a ... ts-mining/

US Africa Leaders Summit promises more exploitation for Africa, record profits for US mining firms

JEREMY LOFFREDO·JANUARY 23, 2023
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Recent deals between US Secretary of State Tony Blinken and African heads of state promise eye-popping profits for US mining multinationals and fewer protections for African laborers “toiling in subhuman conditions” to drive the digital revolution.
The US Africa Leaders Summit held this December in Washington DC provided a platform for the Biden administration to advance its agenda across the African continent. With topics ranging from COVID-19 to climate change to “closing the digital divide,” to “strengthening democracy,” Washington’s agenda united around the belief that African collaboration with US multinational corporations would prove mutually beneficial, and advance long-term “progress.”

The weekend of discussions was conducted Davos-style, with heads of US industry seated directly beside African heads of state and members of the Biden administration. At the top of the corporate titans’ agenda was the relaxation of regulatory requirements, which they argued would make the continent more “inviting” for outside investment.

One set of regulations that the US would especially like to loosen are those relating to the mining sector. This includes miners’ rights, child labor laws, slavery laws, environmental regulations and mineral tariffs.

Deloitte, a US corporate giant and strategic partner of the World Economic Forum, published a paper in 2018, “The Future of Mining in Africa,” which spells out the agenda Washington is advancing across the continent.

The paper argued that facilitating the digital transformation known as the Fourth Industrial Revolution would require African nations to loosen mining regulations intended to protect human rights and the environment. The paper lamented that the mining sector “continues to experience scrutiny by regulators in Africa,” which supposedly “creates uncertainty, delayed investment in mining expansion, and stops the development of new mines.”

Deloitte went on to argue that Africa needs “to move away from enforcing [regulatory] compliance for compliance sake and move toward delivering value.” It was clearly implied that that “value” would be determined by corporate America, and not necessarily the African people.

The script put forward by Deloitte helped set the stage for the US Africa Leaders Summit this December. There, US Secretary of State Antony Blinken presented a memorandum of understanding to DRC Foreign Minister Christophe Lutundula and Zambian Foreign Minister Stanley Kakubo. The agreement, according to Blinken, “opened the door for US and like-minded investment” in the respective countries’ vast “green” mineral wealth, referring to massive deposits of nickel, cobalt, and copper.

“The DRC produces more than 70 percent of the world’s cobalt. Zambia is the world’s sixth-largest copper producer, second-largest cobalt producer in Africa,” Blinken said.

“Global demand for critical minerals is going to skyrocket over the next decades…Electric vehicles help reduce carbon emissions and they support the global response to the climate crisis,” the Secretary of State continued, draping the plundering of Africa’s wealth in friendly green-speak.

Siddhartha Kara, an academic and author of four widely-praised books exposing the business of human trafficking and slavery in Africa, has spent several years in rural Congo documenting the most hideous – and largely hidden – abuses of US multinational supply chains and mining operations.

Kara remarked to The Grayzone that the agreements hashed out at the US Africa Summit “will mean more demand for minerals used in EVs, leading to more exploitation, abuse, and misery for the women, children, and men who scrounge the world’s cobalt out of the dirt in the DR Congo.”

Transnational billionaires aim to control “all the world’s reserves” of key minerals
The US Africa Summit culminated with an event called “The Deal Room” in which leaders of industry announced and celebrated successful agreements with African nations. Among the corporate executives to appear inside the “Deal Room” was KoBold Metals’ Josh Goldman.

KoBold Metals is a new tech-mining company founded by Microsoft’s Bill Gates and backed by Amazon’s Jeff Bezos and Virgin’s Richard Branson. The company relies on AI and advanced imaging systems to find and mine rare earth mineral deposits that other mining giants have missed.

“Our job at KoBold is to invent better ways to find the metals to electrify the world economy. Copper, cobalt, nickel and lithium. We are working to discover the deposits that will become the next generation of mines and produce the materials that we need to avoid catastrophic climate change,” Goldman said at the event.

How many rare earth minerals does this Gates, Bezos, Branson company aim to mine and own? All of them, in fact.

The KoBold website candidly states that the company aims to secure control over “all of the world’s reserves of [nickel, cobalt, lithium, and copper.]”
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