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U.S Pushes for Regime Change Over Gold in Nicaragua

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U.S Pushes for Regime Change Over Gold in Nicaragua

The Biden administration is increasing pressure on the President of Nicaragua, Daniel Ortega, after he imposed a ban on Americans doing business in the country’s US$1bn gold industry.

Ortega’s actions result from an executive order signed by President Joe Biden on Monday in an attempt by the United States to hold the President of Nicaragua accountable for his alleged attacks on human rights and democracy in Central America as his continued security cooperation with Russia.

Previous penalties targeted Ortega, his wife and vice president, Rosario Murillo, and members of their family and personal circle. But none of these initiatives have weakened Ortega’s grip on power.

Despite global outrage over President Daniel Ortega’s tyranny, Nicaragua’s gold mining industry is expected to hit a key milestone next year, with exports expected to reach $1 billion.

The new executive order expands on a Trump-era edict that declared Ortega’s hijacking of democratic principles, undermining the rule of law, and using political violence against opponents to threaten U.S. national security.

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Nicaragua’s gold industry and Americans

With the Treasury Department’s concurrent suspension of Nicaragua’s General Directorate of Mines, the ruling effectively makes doing business with Nicaragua’s gold industry illegal for Americans.

It’s the first time the United States has designated a specific sector of the economy as potentially off-limits, and it could be expanded in the future to cover other industries seen to fill the government’s coffers.

The executive order also prepared the way for the United States to restrict investment and trade with Nicaragua, a move reminiscent of the severe embargo imposed by the United States in the 1980s following the country’s terrible civil war.

“The Ortega-Murillo regime’s ongoing attacks on democratic actors and members of civil society, as well as the illegal incarceration of political prisoners,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson.

“We have the ability and will utilize every weapon at our disposal to deny the Ortega-Murillo government the resources it needs to dismantle democratic institutions.”

Murillo did not specifically reference the extended U.S. sanctions in her daily statements to official media on Monday, but she did say that Nicaraguans are “defenders of national sovereignty.”

She also read a letter from Ortega congratulating China President Xi Jinping on his re-election as leader of the ruling Communist Party on Sunday, in which Ortega questioned the West’s “aggressive imperial aspirations.”

gold

Nicaraguans flooding Over US Border

Monday’s action might herald the start of a fresh offensive aimed at the broader economy, which the Biden administration has been hesitant to embrace for fear of exacerbating the country’s problems and sparking more migration.

U.S. border officials encountered Nicaraguans over 164,000 times at the southwest border during the fiscal year that ended in September, more than tripling the previous year’s total.

Simultaneously, frustrations in Washington have grown over Nicaragua’s business elites’ mainly muted response to Ortega’s crackdown.

The Biden administration’s targeting of the gold industry might deprive Ortega’s government of one of its most important funding sources. Gold was the country’s greatest export in 2020, and the country, which is currently Central America’s top producer of gold, plans to increase output in the next five years.

According to the Central Bank of Nicaragua, the country exported a record 348,532 ounces of gold in 2021, and the country’s mining organization anticipates exports of 500,000 ounces in 2023.

Condor Gold, whose CEO, Mark Child, featured in a photo with Nicaragua’s president in a September presentation for investors made by the U.K.-based company, is one of the foreign investors active in the country.

“He is entirely supportive of the concept,” Child said during a 90-minute discussion with Ortega in March. “That meeting… effectively offers a big green light for project finance construction and considerably de-risks the project.”

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Canadian-US Gold Mines in Nicaragua

Condor, listed in Toronto and London, has permission to build and manage three open pit mines, the most advanced of which is thought to contain 602,000 ounces of gold worth approximately $900 million at current rates.

Condor is partly held by a corporation run by an American mining engineer who has worked in the country for decades.

Condor shares were up 2 cents, or 3.8%, following the announcement in the United States. Calibre Gold Mining Corp, a Toronto-listed junior mining company with interests in Nicaragua, had its share price fall 17 cents, or 17%.

The Vancouver-based company has numerous mining sites in Nicaragua that are estimated to hold 2.9 million ounces of gold.

As part of Monday’s steps, the Treasury Department blocked Reinaldo Lenin Cerna’s assets in the United States, describing him as a close aide to Ortega. According to the Treasury Department, Cerna was the head of state security during Ortega’s first administration and reportedly assisted in the death of former dictator Anastasio Somoza’s chief of security.

Furthermore, the State Department will revoke the visas of more than 500 Nicaraguans and their family members who either work for the Ortega government or help formulate, implement, and benefit from policies that undermine democracy in the country, according to U.S. officials who spoke on the condition of anonymity to discuss the action.

Previously, it froze the assets of the defence minister and other members of the security services linked to the closure of more than 1,000 nongovernmental groups in the United States.

The Biden administration had already sanctioned the state-owned mining business. It also reallocated the country’s sugar quota, removing a vital annual U.S. dollar subsidy worth millions.

Nicaraguans fled their country in 2018, first to neighbouring Costa Rica, after Ortega brutally suppressed major public protests.

Then, before the 2021 presidential elections, security forces began collecting major opposition figures, including seven possible opponents to Ortega. Without a credible opposition, Ortega cruised to a fourth consecutive five-year term, and Nicaraguans fled in greater numbers.

Source: Bnamericas, The Associated Press, VOR News

Geoff Thomas is a seasoned staff writer at VORNews, a reputable online publication. With his sharp writing skills and deep understanding of SEO, he consistently delivers high-quality, engaging content that resonates with readers. Thomas' articles are well-researched, informative, and written in a clear, concise style that keeps audiences hooked. His ability to craft compelling narratives while seamlessly incorporating relevant keywords has made him a valuable asset to the VORNews team.

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Canada Fisheries Officers Seize Elvers Worth $500K at Toronto Airport

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Canada Fisheries Officers Seize Elvers
The seized elvers are worth between $400,000 and $500,000: CTV News

Fisheries and Oceans Canada (DFO) officers and Canada Border Services Agency (CBSA) officers seized roughly 109 kg of unlawful elvers at Toronto Pearson International Airport. The elvers were scheduled to be transferred overseas.

The seized elvers are worth between $400,000 and $500,000.

An investigation into this matter for violations of the Fisheries Act is currently underway.

“The magnitude of this elver seizure is an important development,” said Diane Lebouthillier, Minister of Fisheries, Oceans, and the Canadian Coast Guard, in a statement. “It reflects not only the work of Fisheries and Oceans Canada, but also the collaborative efforts of many other government agencies and departments.

“Once again, our message is crystal clear: do not travel to Nova Scotia to illegally fish or export elvers this year, enforcement officers will be waiting for you.”

This seizure was the product of a coordinated operation combining officials from the DFO’s Conservation & Protection Directorate and the National Fisheries Intelligence Service, as well as the CBSA Commercial Operations District and intelligence teams.

The federal government banned the lucrative elver fishery on March 11 following violence and intimidation during last year’s fishing season in Nova Scotia and New Brunswick.

Elvers are often flown to Asia and grown to maturity before being sold for food, with mature eels utilized in unagi dishes at sushi restaurants.

The baby eels are valued approximately $5,000 per kilogram, more than lobsters, scallops, or salmon, making them the most valuable fish by weight in Canada.

The DFO announced in March that no elver fishing would take place this year due to safety and conservation concerns. So far, cops have made 149 arrests and seized around 207.7 kg of elvers.

According to federal data, 149 people have been arrested for elver-related crimes this year, with approximately 208 kilos recovered.

Elvers, the fascinating baby eels

Elvers, the fascinating baby eels

Elvers are tiny, transparent young eels that migrate from the ocean into freshwater rivers and streams. These little snake-like organisms make an astonishing journey, swimming thousands of miles to their destination. Elvers perform an important role in the life cycle of eels, eventually maturing into the adult eels we know.

Their migration is a spectacular natural spectacle. Elvers crawl in large groups upstream, overcoming barriers such as waterfalls and dams. Once in freshwater, they will mature for years before returning to the sea to breed and repeat the cycle. Elvers face numerous dangers, including habitat loss and over fishing, making conservation efforts critical for these extraordinary migratory.

 

 

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CNN Pay Tribute to Alice Stewart: A Very Special Woman Dead at 58

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Alice Stewart

Alice Stewart, a longtime political strategist and CNN political pundit who worked on multiple Republican presidential campaigns, has died. She was 58. CNN anchor Wolf Blitzer joins Jessica Dean to reflect on Stewart as a friend and coworker.

According to law enforcement officials, Stewart’s body was discovered outside in the Belle View community of northern Virginia early Saturday morning. There is no indication of foul play, and officers assume a medical emergency occurred.

“Alice was a very dear friend and colleague to all of us at CNN,” CNN’s CEO Mark Thompson wrote in an email to employees Saturday. “A political veteran and Emmy Award-winning journalist who brought an exceptional spark to CNN’s coverage, known throughout our bureaus not only for her political acumen, but also for her unfailing kindness. Our emotions are heavy as we lament such a great loss.”

Alice Stewart was born March 11, 1966, in Atlanta.

Stewart began her career as a local reporter and producer in Georgia before relocating to Little Rock, Arkansas, to become a news anchor, she told Harvard International Review. She went on to work as the communications director for then-Arkansas Gov. Mike Huckabee before taking on a similar role for his presidential campaign in 2008.

She previously worked as the communications director for former Minnesota Rep. Michele Bachmann’s 2012 Republican presidential campaign, as well as former Pennsylvania Sen. Rick Santorum, a former CNN analyst. Stewart most recently served as the communications director for Texas Sen. Ted Cruz’s 2016 GOP campaign.

“Alice was wonderful, talented, and a dear friend,” Cruz wrote in a post on X. “She lived every day to the fullest, and she will be deeply missed.”

CNN hired Stewart as a political pundit ahead of the 2016 election, and she appeared on “The Situation Room with Wolf Blitzer” as recently as Friday to provide insight on the day’s political headlines.

“We always invited her to come on my show because we knew we would be a little bit smarter at the end of that conversation,” Blitzer stated to Jessica Dean on “CNN Newsroom.” “She helped our viewers better appreciate what was going on and that’s why we will miss her so much.”

Alice Stewart: A Very Special Woman Dead at 58

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Diddy Won’t Be Prosecuted Over Cassie Ventura Hotel Video

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Diddy Won’t Be Prosecuted Over Cassie Ventura Hotel Video
Sean “Diddy” Combs won’t be prosecuted over a 2016 video: Image Fox News

According to the Los Angeles County District Attorney’s Office, Sean “Diddy” Combs will not face charges in connection with a 2016 video that appears to show him abusing then-girlfriend Cassie Ventura in a hotel.

“We find the images extremely disturbing and difficult to watch,” the office of Los Angeles District Attorney George Gascón posted on Instagram Friday (May 17). “If the conduct depicted occurred in 2016, unfortunately we would be unable to charge as the conduct would have occurred beyond the timeline where a crime of assault can be prosecuted.”

Combs appears to push Ventura to the ground near an elevator bank, kick her multiple times while she is on the ground, and pull her down a hallway in the footage, which CNN received on March 5, 2016.

According to the statement, law enforcement has not presented the Los Angeles County District Attorney’s office with “a case related to the attack depicted in the video against Mr. Combs, but we encourage anyone who has been a victim or witness to a crime to report it to law enforcement or reach out to our office for support from our Bureau of Victims Services.”

The video’s contents resemble an assault complaint Ventura made in a now-settled lawsuit against Diddy in November, in which she also claimed one incidence of rape and another of Combs forcing her to have sex with male sex workers while he masturbated.

“The gut-wrenching video has only confirmed Mr. Combs’ disturbing and predatory behavior,” said Ventura’s attorney, Douglas Wigdor, in a statement to Billboard. “Words cannot express the courage and fortitude that Ms. Ventura has shown in coming forward to bring this to light.”

Ventura and Combs had an on-and-off romance for 11 years until splitting in 2018. In the lawsuit, she claimed she met Combs in 2005, when she was 19 and he was 37. After signing with his Bad Boy Records company, Ventura alleged that Combs “lured” her into a sexual relationship in which he “asserted complete control” over her life.

Combs has faced four further sexual misconduct complaints after Ventura filed hers late last year. The entrepreneur resigned as chairman of his digital media business Revolt in November, and he reportedly sold his interest in the company in March. Also in March, federal officials raided Combs’ houses in Los Angeles and Miami “in connection” with a federal sex trafficking probe, CNN reported.

Combs has flatly denied all allegations of sexual assault leveled against him. “Let me be absolutely clear: I did not do any of the awful things being alleged,” he declared in a statement shared on social media on December 6. “I will fight for my name, my family and for the truth.”

Diddy

Sean “Diddy” Combs

Sean “Diddy” Combs is a multi-talented mogul who has made his mark in music, fashion, and business. Born in Harlem, he began his career as a talent director at Uptown Records. Combs later created his own label, Bad Boy Records, which launched the careers of musicians such as The Notorious B.I.G. and Mary J. Blige.

His debut album, “No Way Out,” achieved multi-platinum success, cementing his reputation as a rapper and producer. Diddy expanded his business interests, launching the apparel line Sean John and investing in beverage businesses such as Ciroc and DeLeon. With an estimated net worth of $900 million, he is one of hip-hop’s wealthiest individuals.

Combs is a presence in Hollywood, appearing in films and television series while also influencing music and society. His commercial savvy, paired with his musical talents, have elevated him to the status of rap icon.

Source: Billboard

 

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