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Gold/Mining/Energy : Precious and Base Metal Investing

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To: LLCF who wrote (38117)	7/23/2006 1:47:42 PM
From: Malyshek	Read Replies (3) of 39344

Nevsun has a mine in Mali (Tabakoto). nytimes.com An article in today's NY Times says that U.S. cuts in military aid to African countries have worsened the security situation/fight against terrorism in Africa. Wonder where in Mali Nevsun's mine is--the article says the situation in northern Mali is very dicey. The article says in part: "But it is the impact on counterterrorism efforts in Africa that most alarms military officials. The situation in Mali is of great concern because the Salafist group is believed to have established a foothold in that desolate country’s northern region. A recent State Department report said Mali’s northern territories had turned into a “safe haven” for the group’s fighters. The Salafist group’s ability to attack the Algerian government is believed to have diminished in recent years, but intelligence officials are now concerned that the group is expanding its ties to Al Qaeda and other groups, and has used networks in the Middle East to send fighters into Iraq. In recent years, the Pentagon has sent Special Forces trainers into Mali as part of a broader counterterrorism initiative to strengthen the abilities of Mali’s army to deal with organizations like the Salafist group. But counterterrorism experts see such operations as short-term solutions. They argue that without a serious investment in Mali’s army, the ramshackle military has little hope of rooting out terrorists. “Mali doesn’t have any power production capabilities, and its military can’t extend any power up into the north,” said an American official, who recently made a fact-finding trip to the Sahara. “The terrorist organizations can run around up there because the army can’t get to them.”

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