Word: ironical
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...reporters yesterday, Rudd issued his toughest comments yet in the case of Stern Hu, a Chinese-born Australian executive with mining giant Rio Tinto. Last week the Shanghai State Security Bureau arrested Hu and three Chinese colleagues on suspicion of industrial spying and stealing state secrets related to iron-ore prices. The arrests came amid acrimonious ore-price negotiations between Chinese steelmakers and global mining companies. (See pictures of Chinese investment in Africa...
...nowhere," he says, "or you can ball up a few ideas, some of which have some prospects." It's not a bad blueprint for any nation navigating a place in this globalized world. Makes you wonder whether Australia couldn't export that having-a-go spirit along with its iron ore, coal and gas. The world might be better...
...infrastructure and basic services, and economic revitalization. A U.N. peacekeeping force and an embargo on arms are keeping conflict at bay. Schools and hospitals have reopened. Tax receipts are up. Bureaucracy is down. U.N. sanctions on diamond and timber exports have been lifted. Liberia is attracting foreign investment in iron ore, timber, palm oil and construction. Though steel giant Arcelor Mittal recently mothballed a $1.5 billion project to reopen an iron-ore mine and rebuild a railway in the eastern interior, Liberia has signed a deal with Sime Darby of Malaysia for an $800 million, 20-year concession...
...decades of civil war. Harvard educated, a former banker and World Bank official, and an opposition leader who was jailed in the 1990s, Johnson Sirleaf had natural allies in the West and at home won widespread support for her promise of egalitarian development. But the test for Liberia's "Iron Lady" was always going to be in the doing. She spoke to Africa bureau chief Alex Perry at Liberia's Foreign Ministry in Monrovia...
...long run. We have good friends that come to our aid in the short term, but they'll move on. Only the private sector is sustainable. There was a time when we were an exporter of coffee, cocoa, rubber and palm oil; in minerals diamonds, gold and iron ore. Our task now is to reactivate all of those sectors [while looking at] new areas [like] our offshore oil potential...