Post #501

Based on a True Story 🎥A team of American white-collars tries to survive in West Africa 🌐Ivanhoe Atlantic, a company with iron ambitions in Liberia and Guinea, has significantly reshuffled its board of directors, replacing members linked to China with 3 Americans in an effort to overcome an impasse in negotiations with West African governments. According to a statement from Ivanhoe’s owner, Robert Friedland, the company’s new CEO will be Peter Pham, who served in Trump’s first administration as the US Special Envoy for the Sahel & Great Lakes Regions of Africa. Three other Americans will join as new non-executive directors: Erik Bethel, ex-representative at the World Bank under Trump, Samantha Carl-Yoder, a longtime State Department official who held senior roles across administrations; and Daniel Pfeffer, a critical-minerals investment professional. Among the departing directors are Patrick Tsang, accused by US congressmen of serving the Chinese Communist Party, and Kenneth Lau, who, according to American lawmakers, has ties to triads. This performance is aimed at two audiences: the American public, which previously accused Ivanhoe of Chinese influence, and local elites, who—judging by the company’s calculations—are expected to soften their stance at the sight of Americans. 🗺 Despite securing an agreement with Liberia (with Washington’s backing) on railway access, the company is struggling to implement it due to competition from another playerand is having difficulties with obtaining Guinea’s approval for ore exports. ➡️ Follow to stay informed - @devilsbelow