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Associated Press
44 minutes ago
- Associated Press
In their words: Israeli leaders support the mass relocation of Palestinians from Gaza
President Donald Trump has said little about his idea of relocating many of the Gaza Strip's 2 million Palestinians to other countries since he stunned the world by announcing it in February. But Israel's leaders have run with it, and Prime Minister Benjamin Netanyahu at one point listed it as a condition for ending the 22-month war sparked by Hamas' Oct. 7, 2023, attack. He and other Israeli officials present it as a humanitarian measure allowing Palestinians to flee war and hardship, and say it should be voluntary. Israel has been in talks with African countries — many of which are themselves wracked by war and at risk of famine — about taking Palestinians in. Palestinians say there would be nothing voluntary about leaving part of their homeland with no guarantee of return after an occupying power has rendered much of it uninhabitable. Rights groups and much of the international community say it would amount to forcible expulsion in violation of international law. The issue is likely to take on greater urgency as Israel widens its military campaign to the last parts of Gaza that it hasn't taken over and largely flattened, and as large numbers of Palestinians flee once again. 'This is our land, there is no other place for us to go,' said Ismail Zaydah, whose family has remained in Gaza City throughout the war, even after much of their neighborhood and part of their home was destroyed. 'We are not surrendering,' he said. 'We were born here, and here we die.' Here's what Israel's leaders have said, in their own words. Defense Minister Israel Katz, in a Feb. 6 post on X 'I have instructed the (Israeli military) to prepare a plan that will allow any resident of Gaza who wishes to leave to do so, to any country willing to receive them. ... The plan will include exit options via land crossings, as well as special arrangements for departure by sea and air.' Netanyahu, addressing a Cabinet meeting on March 30 'Hamas will lay down its weapons. Its leaders will be allowed to leave. We will see to the general security in the Gaza Strip and will allow the realization of the Trump plan for voluntary migration. This is the plan. We are not hiding this and are ready to discuss it at any time.' Netanyahu, in a public address May 21 Israel will create 'a sterile zone in the southern Strip to which the civilian population will be evacuated from the combat areas, for the purpose of defending it. In this zone, which will be Hamas-free, the residents of Gaza will receive full humanitarian assistance.' 'I am ready to end the war — according to clear conditions that will ensure the security of Israel. All of the hostages will return home. Hamas will lay down its weapons, leave power, its leadership, whoever is left, will be exiled from the Strip, Gaza will be completely demilitarized, and we will carry out the Trump plan, which is so correct and so revolutionary, and it says something simple: The residents of Gaza who wish to leave — will be able to leave.' Netanyahu, in an interview with Israeli media on Aug. 12 'I think that the right thing to do, even according to the laws of war as I know them, is to allow the population to leave, and then you go in with all your might against the enemy who remains there.' 'Give them the opportunity to leave! First, from combat zones, and also from the Strip if they want. We will allow this, first of all inside Gaza during the fighting, and we will also allow them to leave Gaza. We are not pushing them out but allowing them to leave.' ___ Follow AP's war coverage at
Yahoo
9 hours ago
- Yahoo
East Africa Metals Inc. Announces MOU for the Development of the Magambazi/Handeni Mining Project in Tanzania
Vancouver, British Columbia--(Newsfile Corp. - August 15, 2025) - East Africa Metals Inc. (TSXV: EAM) ("EAM" or the "Company"), is pleased to announce that the Company has entered into a binding Memorandum of Understanding ("MOU") with Ubora Minerals Company Limited ("Ubora") to acquire and develop the Company's Magambazi and Handeni mining project in Tanzania. Ubora is a subsidiary company of Anchises Capital Precious Metal Fund LLC ("Anchises"), which holds 50,200,000 common shares of the Company, representing approximately 18.66% of the Company's issued and outstanding shares. Accordingly, Ubora is a "Non-Arm's Length Party" of the Company, as defined under the policies of the TSX Venture Exchange. Terms of the MOU include: Cash payment of US$1.0 million upon signing of a definitive agreement that replaces the MOU (a "Definitive Agreement"), in lieu of US$1.7 million owed to EAM by PMM Mining Company Limited ("PMM"). 4% Net Smelter Returns royalty, subject to annual minimum royalty, advanced royalties, and cumulative 10-year guarantee payment terms. Buyout of PMM's interest in the Magambazi/Handeni project. Project development within 48 months after obtaining all necessary approvals and acquiring control of the project, as required by applicable regulatory authorities. A minimum annual production rate of 40,000 ounces of gold within 48 months of commercial production. In October 2020, the Company signed a Share Purchase Agreement and Gold Purchase Agreement with PMM, a Tanzanian private company, to develop the Magambazi mining project. In December 2022 due to PMM's lack of performance, non-compliance with the terms and conditions of the Mining License Agreement respecting the project and a litany of breaches to PMM's agreements with the Company, the Tanzanian Ministry of Minerals suspended PMM's operations at the project site and the renewal of the mining licenses. Since that time EAM's management has been engaged with the Tanzanian government and PMM to resolve issues inhibiting the development of commercial mining operations at Magambazi. In August 2024, the Tanzanian Government intervened again to mediate a resolution to PMM's non-compliance. The Minister of Minerals imposed a process under which EAM and PMM were instructed to engage in discussions and develop an MOU to mutually agree on appointing a third-party developer to advance the Magambazi Project. The MOU and the transaction represented thereunder is subject to a number of conditions, including approval by the Tanzanian Mining Commission and other relevant government authorities, the entering of a Definitive Agreement, and approval of the TSX Venture Exchange. As noted above, Ubora is an affiliate of Anchises, and accordingly the transaction contemplated in the MOU is a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The transaction is exempt from the formal valuation requirement under MI 61-101 because no securities of the Company are listed on any of the markets specified in Section 5.5(b) of MI 61-101 and is exempt from the minority shareholder approval requirement under MI 61-101 because the aggregate fair market value of the transaction does not exceed 25% of the Company's market capitalization. About East Africa Metals Inc. The Company's principal assets include a 30% Net Profits Interest in the Mato Bula and Da Tambuk mines (collectively "Adyabo Property") and a 70% project interest in the Harvest polymetallic VMS Exploration Project in the Tigray Region of Ethiopia. In addition, the Company has a 30% Net Streaming Interest in the Magambazi Mine in the Tanga Region of Tanzania. EAM has invested US$66.8M in African exploration since 2005 and has identified a total of 2.8 million ounces of gold and gold-equivalent resources representing an average discovery cost per ounce of US$24. More information on the Company can be viewed at the Company's website: For further information please contact: Nick Watters, Business DevelopmentTelephone +1 (604) 488-0822Email investors@ Cautionary Statement Regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified using forward-looking terminology such as "anticipate", "believe", "plan", "expect", "intend", "estimate", "forecast", "project", "budget", "schedule", "may", "will", "could", "might", "should", "indicate" or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by East Africa as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of East Africa to be materially different from those expressed or implied by such forward-looking information, including but not limited to: timing of receipt of mining permit; timing of mining development; projected heap leach recoveries ; early exploration; the closing of the agreement with the exploration and development company to advance the Magambazi Project or identify any other corporate opportunities for the Company; mineral exploration and development; metal and mineral prices; availability of capital; accuracy of East Africa's projections and estimates, including the initial mineral resource for the Adyabo, Harvest and Magambazi Properties; interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; foreign taxation risks; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; the speculative nature of strategic metal exploration and development including the risks of diminishing quantities of grades of reserves; contests over title to properties; and changes in project parameters as plans continue to be refined, as well as those risk factors set out in in East Africa's management's discussion and analysis for the three months and nine months ended December 31, 2024 and for the year ended March 31, 2024, and East Africa's listing application dated July 8, 2013. Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The contained gold, copper and silver figures shown are in situ. No assurance can be given that the estimated quantities will be produced. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the timely closing of the financing; the timely execution of the Handeni Property Definitive Agreement and closing thereunder; the price of gold, silver, copper and zinc; the demand for gold, silver, copper and zinc; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective manner; the renewal or extension of exploration Licenses; the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although East Africa has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company does not update or revise forward looking information even if new information becomes available unless legislation requires the Company do so. Accordingly, readers should not place undue reliance on forward-looking information contained herein, except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit
Yahoo
10 hours ago
- Yahoo
South African auto industry hit by job cuts and shutdowns
The South African automotive sector has been grappling with significant challenges, leading to the shutdowns of 12 companies and the loss of more than 4,000 jobs within a span of two years. This troubling development was highlighted by Trade Minister Parks Tau during an auto parts conference, as reported by Reuters. The nation, which has traditionally been a stronghold for automotive firms such as Toyota, Mercedes-Benz, and Volkswagen, recorded sales of 515,850 locally manufactured cars in 2024. This figure falls substantially short of the South Africa Automotive Masterplan 2035's goal of 784,509 vehicles. A critical issue facing the industry is the high percentage of imported vehicles, which currently stands at 64%. Moreover, the localisation rate, which measures the extent of local assembly, labour, and components, remains stuck at around 39%, significantly below the desired 60% threshold. Tau noted that compounding the industry's woes are the US tariffs that have adversely affected South Africa's R28.7bn ($1.64bn) automotive exports. These tariffs pose a threat to jobs, particularly as some companies have lost contracts in the American market. In response to the tariffs, which were imposed by US President Donald Trump last week at a rate of 30%, South Africa submitted a revised offer for a trade deal with Washington this week. Despite months of negotiations, the two countries have yet to reach a satisfactory trade agreement, leaving South African exports to the US to face the highest tariff rate in sub-Saharan Africa. To address these challenges, the South African government has expanded its incentive scheme for local manufacturing to include electric vehicles (EVs) and related components, added the minister. Stellantis and China's Chery are considering setting up production in South Africa. In July 2025, Stellantis announced plans to expand its South African automotive market presence with the introduction of Leapmotor brand EVs. The first model, the C10 REEV, will be available at select Stellantis dealers starting in September, with more models anticipated to be released in 2026. The South African automotive industry is a critical employer in the country, with 115,000 individuals directly employed and more than 80,000 working in component manufacturing. "South African auto industry hit by job cuts and shutdowns" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
