SHARE By Ha Yoon Ah – 2019.01.17 11:49am Smuggling in Sino-North Korean border region spikes following Kim Jong Un’s China visit Smuggling in the Sino-North Korean border region has peaked following Kim Jong Un’s fourth visit (Jan. 7-10) to China in the past year. The North Korean authorities have been involved in smuggling, including the buying and selling of minerals and oil, violating international sanctions.“Copper and zinc concentrate produced in the Hyesan Mine (in Masan-dong) is being smuggled en masse into China,” said a Ryanggang Province-based source on January 14. “After Kim Jong Un’s last trip to China, smuggling crackdowns have relaxed a bit.”North Korea’s Kangsong Trading Company, Yonun Company, and Mirim Company, among others, have received rights to export minerals on behalf of the North Korean government and are buying concentrated minerals (i.e. material without impurities) from mines and individual mine workers. The companies are paying six yuan per kilo and sending 100-ton batches of the concentrate into China. according to the source.He continued, noting that “after the leader’s visit, a lot of minerals have been going into China. People living near the Hyesan Mine are earning a living by selling their own concentrate.”The Rearguard General Bureau and the 8th General Bureau under the North Korean military and South Korea Liaison Office, among other organizations, have been setting up stations in Masan Mine (in Kanggu-dong, Hyesan) and, with permission from the government, exporting minerals to China while importing diesel and petroleum into North Korea, a separate source in Ryanggang Province said.“Without any of their products going through customs, these organizations are increasingly receiving help from border sentries […] 70% of what they’re exporting is zinc, copper, tungsten, molybdenum, magnesia clinker, gold, and silver concentrates, along with wood and medicinal plant products. They are importing flour, soybean oil, sugar and other manufactured foodstuffs along with car and motorcycle parts,” he explained.“Locals are referring to the trade as ‘state smuggling,’ and at least 30 trading companies that have headquarters or offices in Hyesan are involved in these activities.”That being said, minerals have recently started going through North Korean customs during the process of export. This indicates that the North Korean state is directly involved in the smuggling of such products abroad.The export of minerals from North Korea, however, is a clear violation of international sanctions on the country. The import of fuel from China is also potentially a violation of sanctions.The UN Security Council adopted Resolution 2321 in November 2016, which prohibited the export of minerals such as silver, copper, zinc and nickel, while Resolution 2397, which was passed a year later, restricts North Korea to importing just 50,000 barrels of fuel each year.The purity of Hyesan Mine’s copper concentrate is greater than 52%, which means that Chinese mineral companies are actively looking to invest or set up joint ventures with the mine. Copper concentrate is generally only 20% pure, which means that Hyesan Mine’s copper concentrate is more than twice as pure as regular copper concentrate.According to the sources, Chinese companies are likely trying to engage in business opportunities in North Korea early, given the high quality of material they can obtain from North Korean mines and the expectation that sanctions will soon be relaxed. NewsEconomy Ha Yoon AhHa Yoon Ah is one of Daily NK’s full-time journalists. Please direct any questions about her articles to [email protected] News RELATED ARTICLESMORE FROM AUTHOR News Facebook Twitter North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) News US dollar and Chinese reminbi plummet against North Korean won once again Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaders
Advertisements RelatedDebt Overhang Affecting Country Badly – Shaw RelatedDebt Overhang Affecting Country Badly – Shaw Debt Overhang Affecting Country Badly – Shaw UncategorizedOctober 25, 2008 RelatedDebt Overhang Affecting Country Badly – Shaw FacebookTwitterWhatsAppEmail Minister of Finance and the Public Service, Audley Shaw, has said that the debt overhang, which has been put at over a trillion dollars, is having a serious effect on the country.“The debt overhang is a problem, as it robs us of the ability to adequately finance education and health care, road repairs and other infrastructure. It just robs us of too much, when 54 dollars out of a hundred dollar bill has to be drawn out for just debt servicing,” Mr. Shaw said.He was speaking at the launch of Cuna Mutual Group’s new product – the Payment Protector Rider – on Wednesday (October 22), at the Hilton Kingston Hotel.The Minister emphasised that a lot of hard work would be required to deal with the debt that the country is currently facing.“It is going to be a lot of hard work that is required, but I believe that if we are dedicated to the task, if we are purposeful and if we understand that our redemption is not going to come from the United States; our redemption will ultimately be of our own individual initiative and our own hard work and efficiency,” Mr. Shaw said.Senior Account Relationship Manager at the Cuna Mutual Group, Nichola Johnson Young, explained that the Payment Protector Rider, provides a benefit to the policy holder in the event of temporary disability, through sickness or accident.She also explained that the Payment Protector Rider assumes the insured’s payment of his loan to his or her credit union during the period of disability, up to a maximum of 24 months.“The Payment Protector Rider is integrated into the loan transaction process. By this, it provides a convenient premium payment collection opportunity for the members and for the credit union,” Mrs. Johnson Young said.Persons qualify for Cuna Mutual’s Payment Protector Rider by being a member of a credit union with a loan from that credit union and being between 18 and 25 years old.
CHARLOTTE, N.C. – You know how American Pharoah lapped the field on Saturday at the Preakness by seven lengths? Yeah, this was better than that. While Rory McIlroy wasn’t vying for the second leg of the Triple Crown – or even the fourth leg of the career Grand Slam, that will have to wait until next April – his seven-stroke masterpiece was still an ominous work of art. With apologies to American Pharoah, the 3-year-old only had to navigate a sloppy Pimlico track for his title; whereas McIlroy had to weather four trips through Quail Hollow Club’s demanding “Green Mile,” which the world No. 1 played in 1 over for the week. But that doesn’t scratch the surface of McIlroy’s performance at Quail Hollow. His Saturday 61 was a course record, breaking the old mark he set when he won here in 2010, and he etched 54- and 72-hole scoring records, shattering the latter by six strokes. It was, by any measure, a signature performance somewhere just south of those eight-stroke romps at the 2011 U.S. Open and 2012 PGA Championship. Not that the Northern Irishman was exactly caught up in the hyperbole following a closing-round 69 that was, by McIlroy’s own assessment, good enough. Wells Fargo Championship: Articles, videos and photos “Sort of boring, really,” he said of his 11th PGA Tour victory. “In terms of there wasn’t as much excitement on the back nine. I finished with six 3s the last time I won here. Would have been nice to finish with six 3s again.” It’s always more with this kid. But what this victory lacked in fireworks it made up for in foreshadowing, with McIlroy comparing his current run, which includes May victories at the WGC-Cadillac Match Play and now the Wells Fargo Championship, to his late-summer tear in 2014 when he won bookend majors (Open Championship and PGA Championship) around a World Golf Championships high card (Bridgestone Invitational). For others, it was more akin to his PGA walk-off in 2012 at Kiawah Island where he overpowered the course and all takers. “He just has that killer instinct. He wants it so badly,” said David Feherty, the CBS Sports on-course reporter who walked with McIlroy in ’12 at the PGA and on Sunday at Quail Hollow. “There weren’t two of those on Noah’s Ark, I can tell you that much.” There was a time when some openly asked if McIlroy was mean enough to win events with such cutthroat efficiency, a time when his periodic competitive lapses (see PGA Tour season, 2013) were grounds to question any comparisons to Tiger Woods. But with each passing milestone those excuses begin looking thinner than Quail Hollow’s parched fairways. In the last three weeks, McIlroy has played 265 competitive holes on Tour with progressively better results. Although he said on Sunday it’s his complete game that makes performances like this week possible, what separates him from the pack on these occasions is an utter fearlessness off the tee. For the week, he had 42 drives of 300 yards or more and yet still batted well over .500 (31 of 56) in fairways hit. There were cracks on Sunday, most notably a three-putt bogey from 56 feet at the second hole which was his first three-putt in 167 holes on Tour, and as he stepped to the 16th tee to begin the “Green Mile” he took a mental note that he was just four strokes clear of Patrick Rodgers at the time. But a 364-yard drive and tap-in birdie at No. 16 quickly robbed the landscape of whatever drama was remaining. Beginning the day, McIlroy’s plan was simple – birdie the four par 5s and two “reachable” par 4s. Six birdies, he reasoned, would be hard to beat considering the field had already spotted him a four-stroke advantage heading into the final turn. But then simple is what an older, wiser McIlroy seems to do best. Like last year at Hoylake, when his trigger words for the week were “process” and “spot.” This week it was an 11th-hour meeting with putting coach Dave Stockton Sr., who spent all of three minutes working with McIlroy on Wednesday. This time the message was stay down and with the putt through impact. “Rory likes to keep things simple, like last year at the Open Championship, and that’s what we did,” said Stockton Sr., who reconnected with McIlroy after a 13-month hiatus. Perhaps most impressive of all, however, is how much the 26-year-old relishes his status atop the pack. Following his WGC-Match Play victory he acknowledged that he checks the Official World Golf Ranking to see his lead every Monday. High-profile victories in recent weeks by Jordan Spieth (Masters) and Rickie Fowler (The Players) have only intensified McIlroy’s desire to dominate. “It does push me. I think you see guys that you knew well, guys that are your peers and they’re winning golf tournaments, big golf tournaments, that you want to win,” McIlroy said. “I felt like as the best player in the world I want to go at it every week and just show that.” Whether by seven lengths or seven strokes, McIlroy’s play this week was more than just a single victory, it’s a sign of what’s becoming the norm for golf’s fiercest racehorse.