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...nickel and cobalt mine in the remote hills of Papua New Guinea is a hurried affair, food shoveled into eager mouths. But the menu is as divided as the two distinct groups of workers squatting in the heat, swatting away flies and filling their bellies before their nine-hour, seven-day-a-week shifts begin again. In one huddle are local laborers chewing chunks of sweet potato and the canned fish known in pidgin dialect as tinpis. In another clump are imported workers from China who dig into rice topped with pork belly and chili - black bean sauce. The Chinese...

Author: /time Magazine | Title: The World of China Inc. | 12/7/2009 | See Source »

...cardboard overseeing a crew of local workers struggling in the sun to sheath a pipeline with insulation tape. There was a feudal tinge to the scene, but the life of Chen Ming, the Sichuan-born supervisor, is hardly idyllic. He has been in P.N.G. for 18 months, working seven days a week, though he sees little point in holidays "because there's nothing to do here." By the time he finishes paying hefty deductions for his room and board, he makes less than he would at an equivalent job back home. But unemployment is rising in China, and Chen struggled...

Author: /time Magazine | Title: The World of China Inc. | 12/7/2009 | See Source »

...Nearly seven years on - and after more than 4,600 Americans and tens of thousands of Iraqis have been killed - Iraq's natural resources are only now emerging as spoils of war. As U.S. troops prepare to withdraw from the country next year, some of the world's biggest energy companies, among them ExxonMobil and Royal Dutch Shell, are racing to lock up multibillion-dollar deals with officials in Baghdad that will allow them to exploit the country's giant oil fields. The deals will not only allow Big Oil to return to Iraq for the first time since Saddam...

Author: /time Magazine | Title: Pump It Up: The Development of Iraq's Oil Reserves | 12/7/2009 | See Source »

...barrel, BP says it aims to keep expenses down by using low-cost Chinese labor and equipment. The group promised Iraq's government that it will nearly triple the field's output from 1 million barrels a day to about 2.8 million barrels a day in just seven years. "We see this as the beginning of a long-term relationship," BP's chief executive Tony Hayward said in a statement...

Author: /time Magazine | Title: Pump It Up: The Development of Iraq's Oil Reserves | 12/7/2009 | See Source »

...since his election in April, President Zuma has surprised. Seven months is not long enough to fix South Africa's problems - and Zuma hasn't. Violent crime, a yawning inequality which juxtaposes black millionaires with millions scraping by on less than $2 a day and the world's largest HIV/AIDS population continue to drag on the country. But whereas Mbeki stoked a national mood of frustration by denying such crises existed, Zuma concedes they are real and even accepts blame. "These challenges are based in reality," the 67-year-old told TIME in a rare interview. "And it's only...

Author: /time Magazine | Title: Could Zuma Be What South Africa Needs? | 12/7/2009 | See Source »

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