Friday, December 02, 2022

POSTMODERN IMPERIALI$M
India seizes opportunities in African healthcare

Priti Gupta - Mumbai
Fri, December 2, 2022 

India is the world's biggest supplier of generic pharmaceuticals

Like many African doctors, Peter Mativo had to travel overseas to complete his training.

In 2007 he left Kenya for Bangalore to pursue his goal of becoming a neurologist. After 18 months in India, he returned to Kenya and now works at the Aga Khan University Hospital in Nairobi.

"Most of us train in India, as Africa is not a developed continent. We have a very poor economy with no medical infrastructure in place nor specialised training," he says.

"I would have never been able to get a specialised degree if I would have not opted for India," Mr Mativo says.

India is keen to strengthen such ties with Africa. It has identified the healthcare sector as one area where trade between the continents can flourish.

So young African doctors are encouraged to finish their training in India, meanwhile Indian healthcare firms are expanding all over Africa.

Dr Mativo had to travel from Kenya to Banaglore to finish his medical training

"The African market is a natural fit for Indian pharmaceutical companies, as India is the largest provider of generic medicine in the world," says Nisht Dubey.

Generic drugs made in India can sell at a quarter of the price of a branded equivalent, which makes them a popular choice in less well-off parts of the world.

"There is a big gap between demand and supply of medicines in Africa, with a huge disparity among rich and poor," says Mr Dubey.

Spurred by a shortage of medicine and hospital equipment in Kenya during the Covid crisis, Mr Dubey set-up Goodstrain Pharma in 2020. It imports medicine and medical products from all over the world into Kenya.

Goodstrain's warehouse and corporate offices are in Nairobi, but Mr Dubey wants it to expand across East Africa.

"Africa is the only pharmaceutical market where genuinely high growth is still achievable," says Mr Dubey, who is originally from Uttar Pradesh in northern India.

But getting a firm going in Kenya has not been easy. Goodstrain's very first shipment to Kenya was held up at customs for weeks - a major setback for the young firm.

Mr Dubey says they were not ready for the web of regulations covering imports. Now a third party, which specialises in clearing imports, handles that for them.

In Kenya there was an acute shortage of medical supplies during the pandemic

Africure Pharmaceuticals, has gone one step further than Goodstrain, by manufacturing pharmaceuticals in Africa.

The company, only founded in 2017, already has nine manufacturing facilities in Africa, employing 300 people across Cameroon, Namibia, Botswana and Côte d'Ivoire, with plans to build plants in Ethiopia and Zimbabwe.

Africure's factories make medications to treat pain, fever, inflammation, malaria, diabetes andhypertension, as well as a wide range of antibiotics.

"Africa over the years has been dependent on imports of medication from Europe, India, and China, which has resulted in the draining of precious foreign exchange, non-creation of job opportunities, and suffering the vagaries of supply and demand," says Sinhue Noronha, founder and chief executive of Africure Pharmaceuticals.

Originally from Mumbai, Mr Noronha, hopes his firm will help tackle some of the problems in African healthcare.

"Our primary objective is to solve the persistent issues such as affordability, availability, low quality, technological dependence, and reliance on imports.

"All of our plants and distribution setups are engaged primarily to provide an uninterrupted supply of essential medicines."

Goodstrain Pharma imports medicine and medical products into Kenya

Mr Noronha says that Indian firms have a head start over rivals from elsewhere in the world.

"Indian manufacturers and importers are able to understand the African market because of our large diaspora presence in Africa."

Even with those connections, Mr Noronha, has found building a business in Africa a bumpy experience.

"The biggest challenge is political instability. I may get a permission today to set up a manufacturing unit, and tomorrow the government or the health minister may resign. One has to be ready for any kind of eventuality," he says.

He also says that personal safety is a consideration.

"Security is another big concern. murder and kidnapping are common in Africa. We Indians have to be very careful," he says.

Broadly, Indian healthcare firms have a good reputation in Africa, but that hard won image has recently suffered significant damage.

Police in The Gambia are investigating the deaths of 66 children, which have been linked to four brands of imported Indian cough syrup.

In October, the World Health Organization (WHO) issued a global alert over the cough syrups - warning they could be linked to acute kidney injuries and the children's deaths in July, August and September.

"The Gambia incident is an aberration and we should feel bad about it," says Udaya Bhaskar, director general of Pharmexcil, which promotes the export of Indian pharmaceuticals.

"This incident will certainly be a dent in our exports and the image of Indian pharma," he says.

But he thinks the reputational damage will be short-lived.

"The important factor is that Africa is very dependent on other countries and India produces very good quality medicine, so the Gambia impact will be short-term."

Back in Nairobi, Dr Mativo says the problem is the lack of testing facilities in Africa.

"The Gambia incident is sad. The biggest problem is we are not financially strong, nor do we have facilities which can check the standards of medicine supplied to us."

He would like to see more products produced locally.

"In Africa most of the population cannot afford branded medicine... what we need is training and setting up manufacturing units in Africa."
UK opposition wins special election in blow to Sunak's party


Fri, December 2, 2022

Newly elected Chester lawmaker Samantha Dixon

LONDON (AP) — Britain’s opposition Labour Party has handily won a special election for a northwest England seat in Parliament, the first test of voter sentiment since Conservative Prime Minister Rishi Sunak took office in October.

Labour held onto the City of Chester constituency with an increased vote share of 61%, according to results announced Friday. Labour won 50% of the votes in Chester at the last national election in 2019.

Labour leader Keir Starmer said the result showed people are “fed up” with the Conservative government.

Thursday’s election was called after Labour lawmaker Christian Matheson stepped down over allegations that he made inappropriate sexual advances to a member of his staff.

The result is bad news for the Conservatives, whose popularity has been hammered by the scandal-plagued three-year-term of former Prime Minister Boris Johnson, which ended in September, and weeks of turmoil under his short-term successor, Liz Truss. Truss quit in October after her plan for unfunded tax cuts spooked financial markets and rocked the economy.

Sunak replaced her and announced a package of tax increases and spending cuts aimed at restoring confidence in the nation’s finances. But the economic picture remains gloomy: Inflation hit 11.1% in October, many people are struggling to pay soaring energy bills and millions of workers, including railway staff, ambulance drivers and nurses, are staging strikes to demand major pay increases.

Newly elected Chester lawmaker Samantha Dixon said that “people in Chester and across our country are really worried.”


“Worried about losing their homes because they can’t afford the mortgage repayments or the rent, worried about whether they can put the heating on, worried about whether they can put food on the table for their families,” she said. “This is the cost of 12 years of Conservative government.”

Still, a national election does not have to be held until 2024, and pollsters warned that mid-term special elections often don't predict nationwide results.

Conservative peer and polling analyst Robert Hayward said the Tories were likely relieved they had not done worse.


“There are some indications that there are opportunities there for the Tory party,” he told Sky News. “But Rishi has to convince the public at large that he can manage out of this crisis, whichever crisis one’s looking at — and there’s a lot of them.”

___

Follow AP’s coverage of British politics at https://apnews.com/hub/british-politics

Jill Lawless, The Associated Press
Jeanne Dielman: Film directed by woman picked as best ever


Elsa Maishman - BBC News
Fri, December 2, 2022 

A film directed by a woman has been chosen as the greatest of all time by a group of experts.

Jeanne Dielman, 23 quai du Commerce, 1080 Bruxelles, directed by Chantal Akerman, has topped the British Film Institute's Sight and Sound poll.

It is the first time a work directed by a woman has reached the top ten. The poll, which runs every decade, has been criticised for a lack of diversity.

The winning spot was held for 40 years by Orson Welles' Citizen Kane.

It was overtaken in 2012 by Alfred Hitchcock's Vertigo.

Jeanne Dielman, released in 1975, is the story of a Belgian widow who turns to prostitution to make ends meet, but kills one of her clients. The film runs for almost three and a half hours.


Though not as well-known outside the world of film criticism as previous winners, it has been lauded as a "masterpiece", and a ground-breaking piece of feminist film.

Chantal Akerman, the Belgian director, died in 2015 aged 65.

Lillian Crawford, a film critic and writer who contributed to the poll, said the film was the "essential text" in feminist cinema.

Chantal Akerman pictured in 2004

"Jeanne Dielman isn't a film that I would say to someone getting into cinema 'Oh, this is the first film you absolutely must see'," she told the BBC.

"I think if you're going to work through the list, maybe do it in reverse order and sort of build towards it, because it's quite an ask to invite people to see this.

"But in an academic sense and thinking about cinema and encouraging more people to seek out experimental film, films by women, and in terms of the history of feminist cinema, this is absolutely the sort of essential text."

In an article for the British Film Institute, Laura Mulvey, a professor of film studies at Birkbeck University, called the vote a "sudden shake-up".

"Things will never be the same," she wrote.

The poll has been run by the British Film Institute's Sight and Sound magazine each decade since 1952.

It has faced criticism in the past for a lack of diversity in the experts polled and the list of 100 best films chosen.


In 2012, Jeanne Dielman was one of just two films directed by women which made it on to the list, along with one by a black director - Djibril Diop Mambéty's Touki Bouki.

Over the years the number and diversity of people consulted have increased. This year, 1,639 critics, programmers, curators, archivists and academics were asked to choose their top ten films.

Last time's winner, Vertigo, claimed the second spot, while Citizen Kane was third.

Yasujirō Ozu's Tokyo Story came fourth, followed by Wong Kar Wai's In the Mood for Love in fifth place.
CAPITAL STRIKE

Oil giant TotalEnergies to cut North Sea investment over windfall tax


Oliver Smith - Business reporter, BBC News
Fri, December 2, 2022

Oil rig workers

French oil giant TotalEnergies has said it will cut North Sea investment by 25% next year after the windfall tax on oil and gas firms in the UK was extended.

The company will cut £100m of spending on new wells in the region.

The windfall tax - the Energy Profits Levy - was raised from 25% to 35% in last month's Autumn Statement and will now stay in place until March 2028.

The government said the levy "strikes a balance between funding cost of living support while encouraging investment".

"We have been clear that we want to encourage reinvestment of the sector's profits to support the economy, jobs, and our energy security, which is why the more investment a firm makes into the UK, the less tax they will pay," a Treasury spokesperson said.

TotalEnergies is one of the North Sea's biggest oil and gas producers and its decision to cut investment will affect plans to drill a new well at its Elgin gas field.

"Following another change to the fiscal environment for energy investors in the UK, we are now evaluating the impact of this change on our current and planned projects," said TotalEnergies' UK chairman Jean-Luc Guiziou.

"We note that without a price floor to the EPL (Energy Profits Levy), the current regime will affect short-cycle investments, in particular infill wells.

"The energy industry operates in a cyclical market and is subject to volatile commodity prices. We believe that the government should remain open to reviewing the Energy Profits Levy if prices reduce before 2028."

What is the windfall tax on oil and gas companies?

The windfall tax on oil and gas companies operating in the North Sea was introduced in May after oil prices increased sharply.

Oil prices had already been increasing as Covid restrictions were lifted around the world, but they jumped when Russia's invasion of Ukraine led to worries over energy supplies.

The rate for the EPL was set at 25% originally. However, in the Autumn Statement last month, Chancellor Jeremy Hunt announced it would increase to 35% from January 2023, and stay in place until March 2028. It had previously been scheduled to finish at the end of 2025.

Oil and gas firms operating in the North Sea are already taxed differently to other firms. Taxes on their profits are higher - they pay 30% corporation tax on their profits and a supplementary 10% rate on top of that.

Other firms currently pay corporation tax at 19%.

'Extreme burden'


Last week, Brindex, an organisation representing smaller independent oil exploration companies in the North Sea, wrote to the chancellor saying the windfall tax increase represented an "existential threat" to the industry.

Robin Allen, the chairman of Brindex, said in the letter that its members can "no longer shoulder this extreme open ended tax burden", and warned that it could impact jobs and the country's energy security.

Like TotalEnergies, Brindex has called for a price floor mechanism whereby the windfall tax would only be triggered above a certain price level for oil and gas.

"Without such a mechanism and to continue down the path of the current anticipated 75% rate, further investment in the UK has become unviable and so begins a rapid onset of the decline of the North Sea," Mr Allen said.

Both Shell and BP have said that they will review North Sea investments following the tax increase, but have not announced any specific cuts to spending in the region.

The main North Sea industry body, Offshore Energies UK (OEUK), said the decision to increase the EPL was "undermining investor confidence".

Deirdre Michie, chief executive of OEUK, said: "Our industry was planning to invest £200bn in the broader energy sector - this includes low-carbon solutions - by 2030. This would help to ensure that the UK can meet its net-zero and climate goals and boost its energy security while we make that low-carbon transition.

"But... these tax changes really do jeopardise this."
HUMAN RIGHTS ARE NOT NEGOTIABLE
US cancels trip by LGBTQ envoy to Indonesia after objection


Fri, December 2, 2022 

JAKARTA, Indonesia (AP) — The United States has canceled a trip to Indonesia by a special envoy on LGBTQ rights after the country's most influential Islamic group objected to the visit.

Special envoy Jessica Stern was to have visited Indonesia next week as part of a trip to Southeast Asia.

The Indonesian Ulema Council issued a statement on Friday saying the visit would harm the country’s religious and cultural values.

“As a religious and civilized nation, we are told to respect guests. But we also cannot accept guests whose purpose of coming here is to damage and mess up the noble values of our nation’s religion and culture,” the council’s vice chairman, Anwar Abbas, said in a statement.

The council often issues fatwas, or edicts, including rulings against smoking and yoga. Though not legally binding, many devoted Muslims follow such decrees because ignoring them is considered a sin.

U.S. Ambassador Sung Kim said the U.S. hopes to continue a dialogue on the human rights of LGBTQI+ people, but "after discussions with our counterparts in the Indonesian government, we have decided to cancel Special Envoy Stern’s visit to Indonesia.”

“Countries like Indonesia and the U.S. can learn from one another about how to counter hatred and ensure more prosperous, inclusive societies for all,” he said in a statement.

Indonesian Foreign Ministry spokesperson Teuku Faizasyah said the ministry could not comment further on Stern's planned visit.

Indonesia, the world’s most populous Muslim nation, does not prohibit LGBTQ rights except in conservative Aceh province. However, the country’s gay and lesbian community has recently come under siege.

Earlier this year, Vice President Ma’ruf Amin said in a speech at a conference of Muslim teachers that LGBTQ activity was a deviant sexual behavior.

Edna Tarigan, The Associated Press


World’s Top Fertilizer Firm Nutrien Sees Shortfall on Russia and Belarus Woes

Elizabeth Elkin
Thu, December 1, 2022 


(Bloomberg) -- The head of the world’s largest fertilizer firm is warning of global shortages ahead with supplies from Russia and Belarus becoming more limited than even he anticipated.

“Russia and Belarus are just enormous producers of fertilizer,” Nutrien Ltd. Chief Executive Officer Ken Seitz said Thursday in an interview at Bloomberg’s New York headquarters. “There are export challenges in the region. That’s certainly going to have a material impact on the markets.”

Two of the biggest producing nations of potash -- a key type of fertilizer -- ended up exporting less due to trade restrictions and war. Seitz sees shipments from Belarus being at least half of those in 2021, after earlier expecting them to be down by one third to two thirds. The CEO estimates that Russia’s exports are down as much as 25%.

“The world is going to have to look to the other breadbaskets of the world to fill that supply gap for food,” he said.

A global shortage of fertilizer may seem like a distant problem to the billions of people who don’t work in agriculture. But crop nutrients are critical to growing the crops that feed the world’s growing population. Fertilizer shortages can lead to higher costs and lower yields, ultimately hitting consumers when food prices have soared.

About 60% of new production that was expected to come into the market over the next five years was in Russia and Belarus, he said, adding that it’s unclear how much of that will come online.

Meanwhile, demand continues to rise as the world population grows. The Saskatoon, Saskatchewan-based company has said it will ramp up potash output capability to 18 million tons by 2025, a 40% increase compared to 2020. If the market changes, the company can reevaluate additional production, Seitz said.

Fertilizer prices are falling from the highest levels seen in years as farmers postpone purchases to await lower prices, creating gluts that are upending the market for crop inputs. It’s a reversal from earlier this year when prices surged after Russia’s invasion of Ukraine threw the world’s crop-nutrient sector into disarray. Potash had also seen price increases because of sanctions on Belarus.

Still, farmers worldwide will need to restock nutrients after they applied most of their stored product this year. Seitz sees global shortfalls lingering well into next year.

“For 2023, we really don’t see any reason why that would change,” he said. “As we watch the trade flows now -- especially given where potash prices are at and have been -- those producers are looking for every outlet that they can find and that they’ve now exhausted those outlets.”

Nutrien is seeing prepaid sales of fertilizer -- where farmers will buy ahead to secure product -- about 15% to 20% higher than in 2020. Seitz is expecting farmers who didn’t buy this year and have used all their stored product to jump into the market and send prices high again.

“We believe 2023 is not a demand concerned world, but a supply concerned world,” Seitz said. “There’s not gonna be enough potash to go around.”
CRIMINAL CAPITALI$M
UEFA opens investigation into Juventus as club's woes grow

Thu, December 1, 2022 



MILAN (AP) — Juventus’ off-the-field problems keep on worsening in a scandal reverberating through Italian soccer.

UEFA opened an investigation into Juventus on Thursday, hours after it was revealed that the Turin prosecutor’s office had requested indictments for former president Andrea Agnelli and 10 other former board members as well as the club itself amid allegations of false accounting.

Former vice-president Pavel Nedved and CEO Maurizio Arrivabene — who both left the club Monday when Agnelli and the entire board of directors resigned — are among those for whom indictments have been requested as is former Juventus director of sport Fabio Paratici, who has moved to Tottenham.

“The CFCB (Club Financial Control Body) First Chamber has today opened a formal investigation into Juventus for potential breaches of the Club Licensing and Financial Fair Play regulations,” European soccer’s governing body said in a statement.

The investigation “will focus on the alleged financial violations that were recently made public as a result of the proceedings led by the Italian Companies and Exchange Commission (CONSOB) and the public prosecutor in Turin,” UEFA continued.

The UEFA-appointed investigation unit is chaired by Sunil Gulati, the former United States soccer federation president who is an economics lecturer at Columbia University.

The unit concluded a settlement agreement with Juventus in August — to avoid more serious sanctions for breaches of financial monitoring rules that apply to all clubs who qualify for UEFA competitions — but UEFA said on Thursday that that could be revoked.

“In the event that, after conclusion of this investigation, the club’s financial situation was significantly different from that assessed by the CFCB First Chamber at the time the settlement agreement was concluded, or if new and substantial facts arise or become known, the CFCB First Chamber reserves the right to terminate the settlement agreement, take any legal step it may deem appropriate, and impose disciplinary measures,” UEFA said.

It added that it will cooperate with the Italian authorities, who are expected to announce within the next week a date for a preliminary hearing, when it will be decided whether to indict and proceed to trial.

Juventus maintains that “the accounting treatment adopted in the contested financial statements falls within those allowed by applicable accounting principles” and that it has drawn that conclusion “on the basis of a solid set of opinions by leading legal and accounting professionals.”

In a lengthy statement issued by the club, it added: “Juventus remains convinced that it has always acted correctly and intends to assert its reasons and defend its corporate, economic and sporting interests in all forums.”

Prosecutors have been investigating since last year whether Juventus cashed in on illegal commissions from transfer and loans of players. The case is also exploring if investors were misled with invoices being issued for non-existent transactions to demonstrate income that in turn could be deemed false accounting.

The case involves player contracts, transfers and agent dealings between 2018 and 2020.

At the start of the pandemic, Juventus said 23 players agreed to reduce their salary for four months to help the club through the crisis. But prosecutors claim the players gave up only one month’s salary.

Turin prosecutors have also apparently discovered more secret payments to former player Cristiano Ronaldo that were not reported by Juventus.

Juventus is listed on the Milan stock exchange, which also opens it to regulatory scrutiny by the CONSOB watchdog. The club CFO, Stefano Cerrato, was caught on phone taps allegedly saying that if CONSOB questioned their moves, they would “razzle-dazzle” the regulators with fancy words, according to leaks to Italian media.

Trading in Juventus shares was flat on Thursday, after a negative 1.16% close on Tuesday at 0.2738 euros.

___

AP World Cup coverage: https://apnews.com/hub/world-cup and https://twitter.com/AP_Sports

Daniella Matar, The Associated Press
New York City seeks a 'bloodthirsty' rat czar: Ad for director of rodent mitigation job to fight serious, gnawing problem is ... actually pretty funny

Bethany Biron
Thu, December 1, 2022 

A rat sniffs a box with food in it on the platform at the Herald Square subway station in New York
City/Gary Hershorn/Getty Images

New York City is hiring a "director of rodent mitigation" for a salary of between $120,000 and $170,000.

The individual selected for the role will be tasked with "keeping the city's rats in check and on notice."

Rat sightings are up 71% this year from 2020, according to data from the NYC Department of Sanitation.


New York City is looking for a leader to fight one of its biggest and most persistent foes — rats.

In a job listing posted this week, the Office of the Deputy Mayor for Operations announced it is hiring a director of rodent mitigation who will be tasked with "keeping the city's rats in check and on notice." The salary range for the "24/7 job requiring stamina and stagecraft" is listed between $120,000 and $170,000.

The cheeky posting goes on to describe a qualified candidate who has a "virulent vehemence for vermin" with "the drive, determination, and killer instinct needed to fight the real enemy — New York City's relentless rat population."

"The ideal candidate is highly motivated and somewhat bloodthirsty, determined to look at all solutions from various angles, including improving operational efficiency, data collection, technology innovation, trash management, and wholesale slaughter," the listing reads.

At one point the listing even appears to reference to "Ratatouille," the popular Pixar-animated movie about an aspiring rat chef named Remy, who secretly directs Alfredo Linguini from under his hat in a kitchen in France.

"Rodents spread disease, damage homes and wiring, and even attempt to control the movements of kitchen staffers in an effort to take over human jobs," the listing reads.


A rat is seen by a trash bin in New York City on October 19, 2022.Lokman Vural Elibol/Anadolu Agency via Getty Images

While New York City has long been synonymous with rats, sightings have skyrocketed. According to data from the New York City Sanitation Department, as of October there were 21,600 sightings and complaints about rats so far in 2022, up 71% from October 2020.

As a result, the city has increased efforts to curb the rodent population, including establishing a new policy that New Yorkers must bring trash bags to the curb no earlier than 8 p.m. or they will face a fine beginning April 2023.

The push even led to the creation of an T-shirt through a collaboration between the Department of Sanitation and streetwear brand Only NY. Sanitation Commissioner Jessica Tisch made an anti-rat statement in November that went viral, and became the subject of countless memes, New York City marathon signs — and now a shirt.

Her infamous comment is emblazoned on the front: "The rats are absolutely going to hate this announcement, but the rats don't run this city. We do."

DON'T BE FOOLED BY THEIR CUTENESS











ILLEGAL ANIMAL TESTING

Elon Musk's brain-chip startup shares video it says shows a monkey telepathically 'typing'

A monkey demoing Neuralink's brain chip at the company's show-and-tell event on November 30, 2022.YouTube
  • Elon Musk shared a video he said showed a monkey with a brain chip selecting letters with its mind.

  • Musk clarified that the monkey was not spelling on its own.

  • The demo video was shown at Neuralink's show-and-tell event on Wednesday night.

Elon Musk shared a video of a monkey demonstrating "telepathic typing" during Neuralink's show-and-tell event on Wednesday night.

In the demo video, the monkey appears to type out words on a screen using only his mind, thanks to an implanted brain chip. Musk was quick to explain that the monkey was using his mind to move the computer cursor to a highlighted keys to spell out what the computer program wanted him to write.

"Technically, he can't actually spell so I don't want to over sell this thing." Musk said.

The founder of the startup said the video shows how the Neuralink implant could help people who were quadriplegic use their phone, saying that individuals with the brain chip "would be able to control their phone better than someone who has working hands."

A Neuralink spokesperson did not respond to a request for comment ahead of publication.

Musk cofounded Neuralink in 2016 as a brain-computer interface company. The billionaire has said in the past that Neuralink's chips — which are coin-sized devices designed to be implanted in the brain via a surgical robot — could one day do anything from cure paralysis to give people telepathic powers, referring to the device as "a Fitbit in your skull."

Last year, Neuralink shared a demo video that appeared to show a monkey playing the video game "Pong," using only its mind. The year before, Neuralink shared footage that appeared to be neural readouts from a chip that had been implanted in a pig.

On Wednesday, Musk also used the video to address concerns from an activist group over Neuralink's treatment of its monkey test subjects. Earlier this year, the Physicians Committee for Responsible Medicine said it had obtained records showing the monkeys experienced "extreme suffering as a result of inadequate animal care and the highly invasive experimental head implants during the experiments." Ahead of the Neuralink event, the animal rights group called on Musk to release details about the experiments on the monkeys.

"It's important to show that Sake [the monkey] actually likes doing the demo and is not like strapped to the chair or anything," Musk said on Wednesday, adding that "the monkeys actually enjoy doing the demos" as they are rewarded with banana smoothies and other fruits.

In the video, Sake gets a handful of grapes and the monkey appears to suck on a metal feeding straw.

The Neuralink founder said that he expects the company will begin human trials in the next six months, pending approval from the US Food and Drug Administration. The billionaire added that he plans to get his own brain implant once the device is available. Musk has repeatedly set and missed his own projections for when Neuralink would begin implanting its devices in human brains since 2019.

How entrepreneurs are turning mining waste into usable metals amid the electrification boom

Gabriel Friedman
Thu, December 1, 2022 

Tailings Pond Breach 20140805

In the middle of the night in August 2014, the Mount Polley Mine Dam in British Columbia failed, spilling an estimated 25 million cubic meters of tailings and wastewater from an open pit copper and gold mine onto the valley below. The damage to the environment and everyone who lived nearby or visited the area was, by some measures, incalculable.

But it wasn’t the first time that a mine’s tailings dam had failed — nor would it be the last. Such disasters highlight a key issue hanging over the mining sector: where to store waste from mines, whether in tailings dams or piles on the ground.

As efforts to limit climate change lead to more and more investment in electrification, which adds exponential new demand for copper, nickel and many other conductive metals, the environmental track record of mining companies is facing heightened scrutiny from investors and the world.

In response, a wave of entrepreneurs — sometimes supported by larger mining companies — are studying waste from old mining operations and discovering that what was waste in years past may not be waste anymore and indeed, may be valuable.

“We are seeing tailings being evaluated more and more for metals extraction,” said Kiril Mugerman, chief executive of Boucherville, Que.-based Geomega Resources Inc., which is focused on recycling. “It’s already crushed and ground up, so it’s easy to work with, and so more and more processes will be evaluated to extract material from mining tailings.”

The company announced earlier this year that mining giant Rio Tinto PLC, the Quebec government and the federal government’s Sustainable Development Technology Canada would invest $4 million in Geomaga’s Innord Inc. subsidiary to refine a metal extraction process from bauxite waste. The rock is the world’s main source of aluminum, but is also often laden with iron ore and other metals. Mostly mined for aluminum alone, any other metals contained in bauxite historically have been treated as waste — called residues or red mud — and set aside, sometimes in piles.


The Rio Tinto PLC logo on a visitor’s helmet at a borates mine in Boron, California.

Mugerman estimates that 150 million tonnes of bauxite residues are produced annually around the world, and that on average, there’s $80 to $120 worth of metal in every tonne.

In the past, Mugerman said research into bauxite waste may have focused on how to grow vegetation in it, or how to store it safely.

“A lot of the money went into how can we make sure it doesn’t look bad, but in terms of actually creating value and giving value to all the metals, there’s very, very little work,” he said. “It’s very, very complex, but we think there’s a solution.”

Mugerman’s move towards recycling was also born out of necessity. Separately from the bauxite residue research, Geomega is building a demonstration plant in Quebec where it hopes to recycle rare earths magnets. It created that project as a means to generate enough revenue to build a rare earths mine one day, which typically involves higher upfront capital costs than a recycling facility.

“We felt like it was an easier way to demonstrate that our technology can be scaled up because in the mining space, you need cash flow,” he said.

Geomega isn’t the only company zeroing in on rare earths recycling. In Kingston Ont., Cyclic Materials Inc. was born when Ahmad Ghahreman, a professor at Queens’ University’s mining department, struck on the recycling idea and took a leave of absence to start the company.

Ghahreman said that though most rare earths magnets end up in landfills, a small percentage are recycled. But he said the process involves burning products to separate out the metals, an inefficient method that can release its own emissions, counteracting any of the hoped-for environmental benefits of recycling.

Toronto's Li-Cycle leapfrogs miners in the green transition by focusing on recycling metals

Canadian battery recycler teams up with global commodity giant in supply deal for crucial EV metals

Ontario to apologize today to miners forced to inhale aluminum powder for years

Trained in hydrometallurgy — and previously employed by Toronto-based mining giant Barrick Gold Corp. — Ghahreman has developed a process that uses a water-based solution to recycle rare earths magnets. He recently completed a bench scale test designed to show his method works and is now raising money to further develop the technology at scale.

“There’s a lot of economic and environmental benefits to recycling,” he said on the Financial Post’s Down to Business podcast.

Rare earths can be mined, Ghahreman said, but in general the deposits tend to be smaller scale, which means they may not provide the returns on capital that attract investors. It’s one of the reasons why rare earths production and processing has largely moved out of North America during the last two decades. He estimated that within that timeframe, 93 per cent of rare earths magnet production moved to China, where iron ore mines produce rare earths as a byproduct, and where the government has invested heavily in technology to refine and produce rare earths magnets.

Finding low-cost sources of rare earths, including from waste piles, is a major driver of growth in the North American supply chain over the past few years. For example, in July 2021, Toronto-based Neo Performance Materials Inc. announced it had struck a deal with Colorado-based Energy Fuels Inc., a uranium mining company, for a new source of rare earths. Under the agreement, Energy Fuels will provide Neo with monazite sands — a byproduct of other mining operations — that contain rare earths elements.

“It was a hugely capital efficient project,” Constantine Karayannopoulos, chief executive of Neo, said.

Researchers are also looking for resourceful ways to source metals in the battery supply chain. In a 2021 report titled “Reducing new mining for EV battery metals for U.S.-based environmental advocacy non-profit Earthworks, researchers at Australia’s Institute for Sustainable Futures at University of Technology Sydney concluded it was technically possible to recover up to 90 per cent of the copper, cobalt, lithium and nickel found in a lithium-ion battery.


Battery material being recycled in a Li-Cycle Holdings Corp. plant.

Although current recovery rates are much lower, the report noted that the energy transition is spurring new investment in recycling.

“As greater priority is given to a circular economy approach, novel reuse strategies are also being developed,” the report said.

Companies in Canada are also working on recycling strategies. Toronto-based Li-Cycle Holdings Corp. has raised hundreds of millions of dollars and opened facilities around the world to collect electronic waste and battery metal scrap, which it then ships to a refinery where lithium, nickel, cobalt and other metals are extracted.

Tim Johnston, Li-Cycle’s co-founder and executive chairman, has estimated that in several decades, recycling could account for 75 to 80 per cent of the material in the electric-vehicle battery supply chain.

“We can produce the materials cheaper than what they can mine them for,” Johnston said. “We can refine them cheaper than they can refine them.”

• Email: gfriedman@postmedia.com | Twitter: GabeFriedz