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Subject: CBC's Fifth Estate Propaganda on Eritrea
From: "SIM" <simbamufasa6_at_gmail.com>
Date: Thu, February 11, 2016 10:59 pm
To: feedback_at_dehai.org
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CBC's Fifth Estate Propaganda on Eritrea
Why the biased Fifth Estate Canadian CBC program chose this particular
time to broadcast its propaganda of defaming Nevsun Resources Ltd and the
Eritrean government?
Nevsun has been operating Bisha mine, which is a modern Gold/Cooper/Zink
mine in Eritrea, for the last five years. Nevsun has been vindicated by
external independent experts who investigated if there were any human
right abuses or practices which may not meet international standards.
Despite this western media particularly Canadian media are out there to
accuse the company and Eritrean government without providing any tangible
evidence as well as not being in Eritrea let alone being in the vicinity
of Bisha mine.
For unsuspecting and gullible person the CBC Fifth Estate program may
portray a message that western media are standing up for Africans from
human right abuses by their government supported by Canadian companies.
However, when one looks at facts and testimonies by American, European and
other western diplomats after their visit of Bisha mine which are
completely the opposite of what was portrayed by CBS program, the
program’s motive becomes clearly visible.
The timing of the biased and defamatory CBC’s Fifth Estate program was to
slow down or delay the negotiation to finance the development of the
Colluli Potash Mine in Eritrea operated by Danakali Mine Australia as well
as to discourage Nevsun from reinvesting its’ staggering cash reserve in
Eritrea.
Currently Danakali is weighing its finance options and actively pursuing
and negotiating with various finance firms to fund the Colluli project.
Although the negative impact of CBC propaganda can not be undermined,
right after the broadcast of this program the share price of Danakali has
risen by 14% from $0.25 to $0.29. In addition one of the non-executive
directors of Danakali has substantially increased its holding in the
company.
Nevsun’s current asset and cash as at end of September 2015 was $560 and
434 millions respectively. Even though Nevsun’s management previously
indicated that they would like to diversify from Eritrea by reinvesting
their excess cash in other jurisdiction. The aim of the fifth Estate
program is to discourage Nevsun’s management from entertaining the idea of
reinvesting in Eritrea on the back of the improved image of Eritrea in
international media and the recent reengagement of Eritrea with European
Union and regional powers.
Received on Tue Feb 16 2016 - 06:40:35 EST