The US State Department says it is working on the immediate release of those detained and the 'resumption of the civilian-led transition'. Reuters
The US State Department says it is working on the immediate release of those detained and the 'resumption of the civilian-led transition'. Reuters
The US State Department says it is working on the immediate release of those detained and the 'resumption of the civilian-led transition'. Reuters
The US State Department says it is working on the immediate release of those detained and the 'resumption of the civilian-led transition'. Reuters

US pushes for release of detained Malian leaders


Bryant Harris
  • English
  • Arabic

The US on Wednesday condemned the Malian junta's efforts to once again seize control of the country by arresting the leaders of the transitional government.

"We are working closely with the local transition monitoring committee and other international actors to seek the immediate and unconditional release of those detained and resumption of the civilian-led transition," State Department spokesman Ned Price said.

The US also endorsed a separate joint statement issued on Tuesday by the African Union, the Economic Community of West African States and UN peacekeeping forces in Mali, which condemned the arrests as “an attempted coup” and demanded “the immediate and unconditional release of these authorities".

US condemnation comes after Malian transitional President Bah Ndaw and Prime Minister Moctar Ouane resigned after the junta arrested them on Tuesday and detained them at a military base near Bamako.

UN peacekeeping forces are currently trying to gain access to Mr Ndaw and Mr Ouane.

Junta leader Col Assimi Goita first deposed former president Ibrahim Boubacar Keita in a coup in August. Following an international outcry, Col Goita pledged to move forward with elections next year – but the arrest of transitional leaders has cast doubt over that promise.

“The Malian transitional government’s commitment to a civilian-led transition and democratic elections in 2022 set the stage for Mali’s continued engagement with international partners to advance democracy, human rights, peace and security efforts,”  Mr Price said. “The events of May 24 put that progress at risk.”

He also announced that the US would suspend security assistance to the Malian military after first placing restrictions on aid to Bamako following last year’s coup.

“The United States will also consider targeted measures against political and military leaders who impede Mali’s civilian-led transition to democratic governance,” Mr Price said.

The EU has also threatened to place targeted sanctions on the junta.

The UN Security Council in a statement on Wednesday condemned the arrests, called for the release of detained officials and urged security forces to "return to their barracks without delay".
The 15-nation body also called for a return to civilian rule and the holding of elections within the agreed upon 18-month period.

UN spokesman Stephane Dujarric also called for a return to Mali's transition process.
"It is crucial that this crisis be resolved urgently as it constitutes an additional challenge that would negatively affect the implementation of the peace agreement," Mr Dujarric said.

Countdown to Zero exhibition will show how disease can be beaten

Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a  month before Reaching the Last Mile.

Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.

 

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How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

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