Thursday, April 12, 2012

Canadian mining conglomerates breathe easy as Captain Sango sobers up and returns Mali to civilian rule

The dream is over.

Captain Sango's dream of leading his impoverished African republic into a new era.

Sango and his band of fellow travelers seized the levers of power in Mali a week ago after a night of heavy drinking.

It seemed like a good idea at the time.

Cooler heads have prevailed and Captain Sango has turned the presidential office over to Dioncounda Traore, the speaker of parliament.

That's good news for the Canadian mining companies that account for a big chunk of Mali's GDP.

It's also good news for the Canadian government, which has made Mali a pet foreign aid project.

Canadian profits should be safe and sound for the time being.

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