Passage 1
India is looking to ramp-up its critical mineral play in Africa as it keys resource securitisation and an upsetting of the Chinese apple-cart in the region. There are MoUs in place with at least eight African nations for mining collaborations including access to resources.
Nations include South Africa, Mozambique, Congo, Tanzania, Zambia, Malawi , Republic of Cote d’Ivoire and Zimbabwe. While the key focus continues to be on critical minerals such as copper, cobalt, niobium, graphite, titanium, lithium, among others.
Some of the lobby groups in the USA have pointed out that China currently controls an estimated 8 per cent of Africa’s resources. Numbers have gone up from 2018 estimates, they say.
Source – https://www.thehindubusinessline.com/markets/commodities
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Passage 2
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) will now be open to new members and observers after a historic first charter of the grouping came into force recently, the Ministry of External Affairs has announced. With the coming into force of the charter which was adopted in the summit of the BIMSTEC leaders, the grouping has acquired a ‘legal personality’ and will be able to enter into structured diplomatic dialogue with other groupings and countries.
“The entry into force of the BIMSTEC Charter reaffirms India’s commitment to a prosperous, peaceful and sustainable neighbourhood. It is achieved by building on our shared history, culture, vision and mutual respect for each other. BIMSTEC reflects the synthesis of our Neighbourhood First and Act East policies,” said External Affairs Minister Dr. S. Jaishankar.
Source- https://www.thehindu.com/news/national/bimstec-acquir