Friday, December 2, 2016

The Emerald Tsar of Colombia

Víctor Carranza (8 October 1935 – 4 April 2013) was a Colombian emerald dealer and the owner of emerald mines in the Boyacá mountains.

Carranza was involved in the Muzo mining area outside Boyacá, Colombia from the 1980s until his death. Various forces clashed during the Green War, including Pablo Escobar and the Medellin Cartel, leftist guerrilla groups and right wing paramilitaries. Carranza remained in control of Colombia's emerald trade during this period.
Carranza was believed to control at least 40% of Colombia’s emerald business, which supplies about two thirds of the world’s stones and whose exports last year totaled $145m. Before the signing of a peace pact in 1991, an estimated 3,000 people were killed in fighting for control of the business.

As cancer sapped his health, his hold on power began to slip, and the peace pact started to unravel. He survived at least two assassination attempts.
Analysts in Colombia warned that battles could resurface after the death of the “emerald tsar”, who brought a relative peace to the industry.

Mr Carranza claimed the gems “called to him”.
Slipping production might be a reason behind the rise in the price of Colombian emeralds, which spiked 30 per cent in 2015 alone, according to industry experts, and is expected to increase by 25 per cent this year.

Thursday, December 1, 2016

Mettrum Health Corp - MT.v

Mettrum Health Corp - MT.v is a Health Canada licensed producer of medical cannabis and cannabis products, committed to ongoing research, quality production, and superior client service.

On December 1, 2016 the company reported News

"Canopy Growth Corp. and Mettrum Health Corp. have entered into a definitive arrangement agreement pursuant to which Canopy Growth will acquire all of the issued and outstanding shares of Mettrum, creating a world-leading diversified cannabis company with six licensed facilities and a licensed production footprint of approximately 665,000 square feet, with significant acreage for expansion.

Wednesday, November 30, 2016

Mining in Liberia

Liberia is a country in West Africa bordered by Sierra Leone to the west, Guinea north and Ivory Coast to the east. It is home to about 4 million people.

In 1980 a military coup marked the beginning of political and economic instability and two successive civil wars. This resulted in the deaths of between 250,000 and 520,000 people and devastated the country's economy. A peace agreement in 2003 led to democratic elections in 2005.
Liberia is rich in natural resources, notably iron ore, diamonds, gold, timber and rubber. All of these sectors suffered dramatically during the civil war.

During the 14 years of war, all major mines were closed and the mineral sector’s contribution to the economy was negligible. In 2010 Liberia made progress in reviving the mining sector, which before 1990 had contributed more than 65% of the country’s export earnings and represented about 25% of the country’s gross domestic product. In 2010, the contribution of the mining sector to GDP was 0.9%
Africa’s only female president, Madame Ellen Johnson Sirleaf was re-elected in 2012 for a second term of five years. She was awarded the Nobel Peace Prize in the same year. Since the end of the civil war, Liberia has experienced a period of reform and reconstruction.

The IMF reported real GDP increased by 8.8% in 2013 under President Ellen Johnson-Sirleaf.
It was recently announced that eight countries, including Liberia, had GDP per capita of less than $1,000 per year.