Latest News
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Iran detains 18 crew of foreign tanker captured in Gulf of Oman
Iranian authorities arrested 18 crew members of an alleged smuggled fuel tanker that was seized by the Hormozgan Province judiciary on Friday. The captain of the tanker was among those who were detained as part of a?current investigation. The identity of the vessel and nationalities of the crew were not revealed. Authorities said that the tanker was in violation of multiple laws, including "not obeying stop orders (and) attempting to flee" and lacking navigational and cargo documentation. Iran has been fighting fuel smuggling on land and at sea by Gulf Arab countries. Reporting by Menna alaa Eldin and Dubai Newsroom, Editing by Jan Harvey
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California files suit against Trump administration for terminating transportation grants
California says decision is arbitrary and threatens economy, safety Trump addresses concerns over non-English speaking truck drivers California drivers are less likely to be involved in fatal accidents than the national average By David Shepardson WASHINGTON (Dec 12) - California filed a lawsuit against the Trump administration on Friday night for the withholding of more than $33 millions in federal funding. The U.S. Transportation Department had said that California failed to comply with the rules requiring English language proficiency for truckers. In U.S. District Court, northern California, the state filed a lawsuit against Transportation Secretary Sean Duffy and the Transportation Department as well as the Federal Motor Carrier Safety Administration over the decision to end the grants for California’s commercial vehicle safety program announced in October. California has said that it enforces English language?standards? for commercial drivers which are compatible with federal requirements. The decision is "arbitrary, capricious and an abuse of discretion; and?contrary?to law; threatens the safety and economic damages of all Californians." The Trump administration took a number of steps in response to concerns regarding foreign truck drivers that do not speak English. ?In August Secretary of State Marco Rubio announced that the United States would immediately suspend the issuance all worker visas to commercial truck drivers. Requests for comments from the FMCSA and Transportation Department were not immediately responded to. The Transportation Department also threatened New York State on Friday to withdraw $73 million of funding over the issue of commercial driver's licenses issued improperly to non-U.S. Citizens. This is the latest threat from the Trump administration aimed at "Democratic-run" states. After a fatal accident in Florida and an audit by the government, the Transportation Department released emergency rules restricting commercial driver's licenses for non-U.S. nationals. Trump regularly threatens funding for large cities led by Democrats. This includes major infrastructure projects in Chicago, New York, and California. He also threatens to revoke commercial driver's licenses that are issued by Minnesota, New York, and California for non-U.S. citizens. The funds withheld by California are for roadside inspections and enforcement of traffic laws, safety audits on trucking companies, and public education campaigns. California reported that drivers with a California license are involved in 39% less fatal commercial vehicle crashes than the national average. The English proficiency standard for commercial drivers was already a long-standing U.S. Law. However, an April order by Trump reversed the 2016 guidance that inspectors shouldn't remove them from service if they only had a lack of English. In 2023, FMCSA reported that approximately 16% of U.S. drivers are born outside the United States.
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Boeing's Air Force One, the new aircraft for the US President, has been delayed yet again
The U.S. Air Force announced 'on Friday that the delivery of the first of two new Air Force One aircraft from Boeing will be delayed another year, to mid-2028. This is the latest of a number of delays. The Air Force One program, which involves the conversion of two 747-8 aircraft into specialized jets with advanced communication and defense systems to serve as next generation U.S. Presidential air transport, would be four years behind schedule, with a delivery date in 2028. Boeing said it was making progress with the program. "Our main focus is to deliver two Air Force One aircraft that are exceptional for the country." Mid-February, Trump voiced his displeasure at?Boeing while excluding European rival Airbus. Elon Musk, Trump's adviser, "helped us a great deal" to navigate the delivery of the presidential jet. L3Harris Technologies, a defense contractor, was recently hired by the?government to refurbish a Boeing 747 that had been used as interim Air Force One. (Reporting and editing by Maju Samuel in Bengaluru, Abhinav Paramar in Bengaluru)
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AFGE to challenge US decision invalidating union contract for 47,000 TSA officers
U.S. Homeland Security Secretary Kristi?Noem terminated on?Friday the collective bargaining agreements covering 47,000 Transportation Security Administration?officers?,?the department announced in a press release. The American Federation of Government Employees (AFGE), which represents airport screening officers at the airport, announced that it would challenge the decision. The Department of Homeland Security announced that it would implement a new labor framework starting on January 11, and no longer collect?union dues' from TSA officers. In June, an American judge issued a preliminary order blocking Noem’s?March 7, 2017 attempt to terminate the collective bargaining contract. The U.S. House of Representatives, on Thursday, voted to restore collective bargaining rights for about 1 million federal employees who are unionized, including TSA. This was in response to an executive order signed by President Donald Trump in March. The lawmakers said that Trump's executive order sought to repeal the collective bargaining rights of 67% federal workers. Federal workers are subject to significant labor rights limitations. They are not allowed to bargain over wages, benefits or job classifications, and they are also prohibited from striking. Everett Kelley, AFGE National President, said that Secretary Noem's decision ripping up the union contract of 47,000 TSA agents was an illegal act retaliatory to union-busting. TSA announced on Friday that the new labor framework will "return the agency to a security focused framework?that prioritizes workforce preparedness, resource allocation and a mission-focused focus while ensuring an effective stewardship taxpayer dollars." Trump forced the resignation of TSA Administrator David Pekoske on January 20. He had appointed him to his job in 2017, and Joe Biden reappointed him. Trump has yet to name a candidate to replace Pekoske. After nearly a full year of negotiations, the TSA and AFGE reached a seven-year labor agreement in May 2024. Biden's administration increased the scope of bargaining allowed in 2022 for TSA workers. As part of the deal, workers received enhanced shift-trade options, an increased allowance for uniforms, and parental bereavement and weather and safety leaves. Reporting by David Shepardson, Washington; editing by Aurora Ellis
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Tensions between Venezuela and the US spike after a tanker is seized as Nobel laureate vows to change
Maria Corina Machado, Venezuela's opposition leader, promised political?change on Friday after leaving the country secretly to collect the Nobel Peace Prize. The?shockwaves intensified following the Trump administration’s seizure earlier this week of an oil tanker. This 'escalation' came after a massive U.S. military buildup was made in the southern Caribbean, as President Donald Trump campaigned to remove Venezuelan leader Nicolas Maduro. It pushed relations to the most volatile level in years. The ripple effect could be felt throughout the region as Venezuelan oil exports plummet and Cuba, which is already struggling to power its grid due to the crisis, faces losing supplies. The Skipper tanker was seized by the U.S. off the coast of Venezuela on Wednesday, marking the first U.S. capture since sanctions were imposed against Venezuela in 2019. Reports state that the vessel will now be heading to?Houston where it will unload its cargo on smaller ships. The Trump administration doesn't recognize Maduro as Venezuela's legitimate leader. He has been in power since 2013. Washington has indicated that more seizure are planned to choke off sanctioned crude oil flows. It then imposed new sanctions against three nephews Maduro's spouse and six tankers connected to them. In recent weeks, Trump has discussed a possible military intervention in Venezuela based on accusations that the country is shipping narcotics into the United States. Venezuela has denied these accusations. Over 20 U.S. strikes have taken place in the Caribbean and Pacific this year against suspected drug vessels, resulting in nearly 90 deaths. This alarms human rights activists and stirs debate among U.S. legislators. Democrats, while supporting the campaign, have raised questions about whether it is legal and called for more transparency. They have also asked that a video be released showing the full uncut footage of the strikes on the suspected drug-trafficking vessel. MACHADO DEFIES BAN AND URGES TRANSITION Machado, who has been banned from traveling for a decade and spent a year in hiding, traveled to Oslo to receive the Nobel Peace Prize on Thursday. She said Maduro will leave power "whether or not there is a negotiated transition," and she pledged to be focused on a smooth transition. She thanked Trump for "decisive" support. Machado aligns himself with U.S. Hardliners who accuse Maduro - a claim that U.S. Intelligence has reportedly questioned - of having ties to criminal organizations. Machado responded, "We ask the world to help" when asked at a news conference in Oslo whether she thought U.S. intervention was necessary in Venezuela. Venezuela said it would lodge complaints with international bodies about the seizure of the tanker. Venezuelan lawmakers also took the step of withdrawing the country from International Criminal Court which is investigating allegations of human rights violations in the South American nation. The Venezuelan government added to the tension by announcing the suspension of an American migrant return flight on Friday. Unofficially, a U.S. official said that the deportation flights will continue. (Reporting and Writing by Staff; Editing and Daina Beth, Solomon, and Matthew Lewis).
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Brazilian airline Azul receives bankruptcy court approval for debt restructuring
A U.S. bankruptcy court judge approved Azul’s debt restructuring on Friday, allowing it to reduce more than $2 billion of debt and raise capital via a new equity right offering and investment from American Airlines and?United?Airlines. At a hearing in White Plains (New York), U.S. Bankruptcy judge Sean Lane approved Azul’s?bankruptcy plans. Azul filed Chapter '11 bankruptcy in New York, in May. Its goal was to reduce its debts and to make its business more resistant to market challenges such as fluctuations in fuel prices and currency exchange rate. The bankruptcy plan of the company converts much of its existing debt into equity, and allows it to raise money by selling new equity shares. United and American have agreed to invest up to $300 million in Azul equity as part of the bankruptcy.
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Venezuelan oil exports plunge sharply following US tanker seizure - sources and data
According to documents, shipping data and maritime sources, Venezuelan oil exports are down sharply after the United States seizes a 'tanker' this week. The United States also imposes new sanctions against shipping companies and vessels that do?business? with the Latin American oil producers. The U.S. is preparing to seize additional vessels. As a result, oil tanker movements in and out of Venezuelan water have virtually ceased. Washington is increasing political and economic pressure against President Nicolas Maduro who depends on oil export revenues to fund his government. The U.S. is executing a massive military buildup in the southern Caribbean, and U.S. president Donald Trump wants to remove Maduro. The vessel was seized on Wednesday, the first time an oil tanker or cargo from Venezuela has been intercepted by the U.S. since 2019. Data and documents show that only tankers chartered from U.S. oil major Chevron, have been sailing into international waters with Venezuelan crude since then. Chevron is authorized by the U.S. Government to work in joint ventures and export oil from the U.S. to the state-run oil firm?PDVSA. Chevron exported two cargoes containing Venezuelan heavy crude oil to the U.S. in the first month of this year, both after the seizure. According to data, two more cargoes were loaded on Friday. The U.S. firm said this week that it operated in Venezuela "without interruption and in full compliance of the laws and regulations applicable." PDVSA has not responded to a comment request. Venezuela criticised the seizure this week and called it "theft." STAUGHT IN VENEZUELAN SEA WATERS According to sources and data, the threat of further seizure of vessels has left tanks that have loaded around 11?million bbls of oil and diesel stuck in Venezuelan water. The U.S. has imposed sanctions against Iran and Russia that have affected some of these tankers. Sources say that the U.S. will likely target vessels sanctioned by the U.S. or those who have transported sanctioned crude oil in future actions. Sources say that the Skipper, the ship that was seized by?U.S. The Skipper, which was seized by the?U.S. on Wednesday, had been transporting both Venezuelan and Iranian crude. In November, Venezuela exported 952,000 barrels of crude oil and fuel per day. This was the third highest monthly average so far this year. Around 80% of these shipments were sent to China directly or indirectly, while exports to the U.S. increased to around 150,000 bpd. Data and documents show that oil exports from OPEC countries were flowing normally before the seizure in the first few days of December. Washington also sanctioned this week six supertankers which recently loaded Venezuelan crude oil, as well as related shipping companies in an effort to increase pressure from the United States on Maduro. According to a document obtained by, PDVSA, Venezuela's oil minister, and the company's Caracas HQ called on Friday executives, workers, and joint venture managers for a teleconference. Minister Delcy Rod was leading it. (Reporting and editing by Marianna Paraga, Franklin Paul, Bill Berkrot and Simon Webb)
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IndiGo, India's largest airline, estimates a payout of over $55 Million to its customers after flight cancellations
IndiGo, India's largest airline, estimated on Friday that it would pay out more than 55.19 million dollars to customers affected by its massive cancellations of flights last week. After the airline cancelled 4,500 flights due to poor roster planning last week, it left tens and thousands of passengers stranded. The civil aviation regulator then ordered that 10% of their domestic winter schedule be cut. In a message on X, the budget airline stated that it was identifying 'flights in which customers were severely impacted on December 3, 4, and 5. IndiGo said it would compensate passengers whose flights "were cancelled within 24 hours before departure time and/or customers who were severely stranded in certain airports." IndiGo was criticized for not planning for the new rest periods and duty rules. This resulted in planes being grounded and disrupting travel arrangements. In response to the reduction of its winter schedule, the 'Indian carrier cut its capacity forecast and passenger unit revenue for?the?third quarter on Wednesday.
Mali's Barrick hardball talks are being driven by two former Barrick employees
According to sources familiar with the discussions, two former Barrick Gold executives who have inside information about the Canadian miner's operations in West Africa help drive Mali's demand for a payment from the Canadian company of approximately $200 million.
Mamou and Samba Toure were both employed by Randgold in Mali, now part of Barrick, which is a mining firm.
Mali's military government, which seized in December three metric tonnes of gold worth approximately $245 million from Barrick, has given miners until Saturday midnight to respond to their demands.
According to a source with knowledge of the situation, it wants Barrick pay back taxes totaling 125 billion CFA Francs ($199m) according to a source.
Source: If the deal is finalised Mali will return the gold seized and release the four Barrick executives who have been detained since November.
Barrick has publicly announced that he is a member of the Barrick
rejected
The charges brought against its employees are not specified. According to the court documents reviewed by, these include money laundering and funding of terrorism.
Barrick declined to answer any questions regarding the current status of the negotiations, and the Mali mines ministry also did not respond.
The dispute will have ramifications on global miners, foreign investors and others who have invested billions of dollars in West Africa. They are now being forced to follow a different set of rules because the military governments of Mali Niger and Burkina Faso want a larger share of mining revenue.
Beverly Ochieng is senior analyst at Control Risks for Francophone Africa. She said that the standoff with Barrick shows just how far governments led by military forces in the Sahel region are willing to go in order to force foreign operators to adhere to new regulations aligned with their pursuit of resource nationalism.
We spoke with more than 20 people, including mining executives and consultants, diplomats, and people who had direct knowledge of the discussions, to get a better picture of the negotiation. Sources requested anonymity due to the sensitive nature of the situation.
Nine people with knowledge of the situation say that the two Toures form part of a small group on the Malian front, including junta chief Assimi Goita and the Minister of Finance and Economy Alousseini Sanou.
They are not related, despite sharing a common surname. Samba Toure was older than the other two men by several decades and was West Africa Operations Director at Randgold. Mamou worked as underground manager at the Loulo Mine.
Sources said that Mamou is the most influential negotiator in Mali due to his close relationship with the powerful Finance Minister Sanou.
Mamou’s Iventus consultancy won the contract for auditing foreign mining companies in Mali. This led to the new mining code of 2023 and the renegotiation of the miner's contracts. Samba works now for him in the consultancy.
Mamou is the current boss, said a former co-worker. Samba's technical and managerial expertise was still crucial to decision making. "The decisions are made more by Samba than Mamou."
Mamou responded to detailed questions by saying that gold production has not benefited the Mali people as it should for many decades. Mali is Africa’s second largest gold producer.
He said, "It's only natural for the state to ask for a correction." "The state made great efforts to reach an accord, which is the reason all other companies reached an agreement with state."
Samba Toure has not responded to a comment request.
ACRIMONIOUS TALKS
Barrick's talks have been acrimonious, while other Western miners, including Canada's B2Gold, Allied Gold, and Australia's Resolute, have reached deals with Mali over the past few months.
Legal disputes, arrests, nationalisations, and threats are being used by the military governments of Mali, Niger, and Burkina Faso to strengthen their ties with Russia and gain greater control over gold and uranium.
Ochieng of Control Risks, however, said that this did not mean Western operators would be unwelcome. She said that several western mining companies were allowed to expand their operations and acquire new assets, provided they met the latest taxation and regulatory demands.
The Mali junta, which will take power in 2020 has pledged to examine its mining industry so that the state can benefit from gold prices at record highs.
Some companies, such as B2Gold, were able to reach an agreement quickly. Some companies, such as Australia's Resolute whose CEO was arrested while in Mali to hold talks, took a little longer.
B2Gold said it would proceed with its planned investments at its Fekola complex this year after achieving the deal. Resolute said on Thursday that its deal with the Mali government would allow for better collaboration as the mine is developed.
The relationship with Barrick deteriorated in the last year. Barrick paid 80 million dollars to release four Malians who were arrested by the authorities in September. Mali demanded more payments, as it is owed a total amount of $350 million.
Barrick generated $949m in revenue in the first nine-month period of last year from its operations in Mali.
Bristow announced in early November that it had agreed to offer Mali 55% economic benefits from the Loulo-Gounkoto mining complex, similar to the agreement struck by the miner with Tanzania five years earlier.
Mali demanded that the remaining amount be paid in one go, rather than in installments. Mali began to block Barrick's imports in early November.
Mali claims that Barrick still has 125 billion CFA Francs to pay after discounting VAT credits.
Mali issued a warrant of arrest for Barrick CEO Mark Bristow in December 5 after four Barrick employees were again detained when no payment was received.
Contacts continued in the background. On Dec. 6, a source who spoke with Barrick senior management said that Barrick was on the verge of paying a second 50 billion CFA tranche. The payment never materialized and the conversation ceased. On Tuesday, formal talks resumed.
Freddie Brooks is a metals & Mining analyst at BMI. A FitchSolutions Company. He said that Barrick, under Bristow, had the highest level of tolerance for operational risks among major miners.
He said that if they failed to negotiate a deal with Mali's junta military, it wasn't for lack of effort.
CLASHES WITH BRISTOW
Samba Toure left Randgold nine years ago, after an argument with Bristow who was the CEO at that time.
Samba's rift grew after he resigned and was denied the right to sell his Randgold shares, based in London.
Mamou Toure left Randgold after a dispute in 2015 with Bristow regarding the use of foreign contractors.
Barrick declined to comment on the circumstances surrounding the Toures departure.
Mamou's company Iventus Mining won the consulting contract when the government announced that it would audit the mines. Two sources claim that Samba Toure was the one who led the audits.
Samba became chairman of the board in 2022 after Mali established a state-owned mine, SOREM. Mamou was appointed as a member.
However, the influence of Toures cannot be denied. Last summer, junta leader Goita grew frustrated with the negotiations and brought in the director of state security, Modibo Kone, one of the five colonels-turned-generals who lead the junta, one source said. Kone's participation in the talks was confirmed by a second source.
According to a source familiar with these talks, at least once, the Finance Minister has taken over the negotiations and told Mamou to step down when he had gone too far in his requests.
Five sources claimed that the Mines Minister, a technocrat without any military ties, had been marginalized. Mamou, however, denied this, pointing out that the ministry has two members on the commission. He said that the commission receives its orders both from the Finance Ministry and the Mines Ministry.
The Mali finance ministry and the presidency have not responded to any requests for comment. The state security service could not be reached.
Special Forces Raid
Stockpiles of gold were increasing in the "gold room" located at Loulo-Gounkoto's complex, despite exports being banned.
According to a court order dated Jan. 2, Barrick had just over 3 tons of gold in its vaults as of Dec. 27.
Unannounced, a helicopter arrived at the landing strip of the mine complex in mid-morning Jan. 11. One source said that four special forces soldiers and a customs officer, along with two officers from the state mining department and other plainclothes personnel, disembarked the helicopter and handed paperwork to Barrick employees authorizing them to seize gold.
The source added that the second shipment was made in the evening.
The gold that Barrick's mines seized is currently in the vaults at the Banque Malienne de Solidarite, a state-owned bank in Bamako. The bank declined comment.
Barrick, the company that confirmed the seizure, has announced it will suspend operations at Loulo-Gounkoto.
According to the Jan. 2, order, the seizure of Bristow's and other Barrick employee's property was taken as a precautionary measure in connection with the money laundering charges and other unspecified crimes against Bristow.
Two sources claim that Barrick has resisted the government's request to migrate to the 2023 mining code due to increased taxes.
Barrick's mining license will be renewed next year. The government has indicated that it may refuse the permit.
A source who had previously consulted with the Malian government said that the government wanted leverage in the negotiation while the company was looking to secure a long-term contract renewal at favorable terms.
The person stated, "I don't think they trust each other but no one is interested in a split-up."
Some investors are predicting a difficult road for Barrick Mali. They even think the company may lose its assets.
Martin Pradier is a materials analyst with Veritas, a Toronto-based investment research firm that covers Barrick. The exchange rate is $1 = 626.7500 CFA francs. (Additional reporting from Tiemoko and Fadimata in Bamako. Writing by David Lewis, Portia Crowe and Daniel Flynn. Editing by Silvia Aloisi, Veronica Brown, and Daniel Flynn.
(source: Reuters)