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Bullboard - Stock Discussion Forum Aris Mining Corp T.ARIS

Alternate Symbol(s):  CLGDF | T.ARIS.WT.A | ARMN | N.AMNG.NT.U

Aris Mining Corporation is a gold producer in the Americas. The Company is engaged in operating two mines with expansions underway in Colombia. The Segovia Operation is located in the Segovia-Remedios mining district in the department of Antioquia, Colombia, approximately 180 kilometers (km) northeast of Medellin. The Segovia Operations comprises four active underground gold mining operations... see more

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Aris Mining Corp > left leading
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Post by likeike on Apr 28, 2022 10:58am

left leading

He's running to be Colombia's 1st left-wing president. Here's what he plans to do

 

Colombian presidential candidate Gustavo Petro speaks during a campaign rally in Medelln, Colombia, on April 7. Petro is polling first ahead of the May 29 election.

Edinson Ivan Arroyo Mora/Bloomberg via Getty Images

BOGOT, Colombia — Gustavo Petro, a former left-wing guerrilla and the front-runner in Colombia's presidential election next month, is promising to shake up Colombian society.

And to be sure, there's a lot that needs changing. About 40% of Colombians live below the poverty line and the country has one of the world's largest gaps between rich and poor, according to the World Bank.

"If we continue along this same path, the country will fall into the abyss," Petro said in a recent interview with NPR. "People are disillusioned, which is why I am at the top of the polls."

An opposition senator who is now in his third run for the presidency, Petro, 62, has spent his whole life challenging the status quo.

Entering politics from the left isn't easy

He grew up in Zipaquir, a mining town just north of Bogot, where he was dismayed by its poverty. But for decades, government repression as well as a power-sharing pact between traditional parties made it extremely difficult for leftists to break into politics.

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That's why in 1978, Petro joined the April 19 Movement, or M-19, one of several Colombian rebel groups that formed in the wake of Fidel Castro's revolution in Cuba. His rebel nom de guerre, "Aureliano," was inspired by a fictional military officer constantly fighting losing battles in the novel One Hundred Years of Solitude by Colombian writer Gabriel Garca Mrquez.

The M-19 carried out kidnappings, bank robberies and a disastrous 1985 siege of the Supreme Court that led to more than 90 deaths. But initially, the M-19 cultivated a Robin Hood image by assaulting supermarket trucks and distributing stolen milk in city slums.

Petro's main job was to stockpile stolen weapons and in 1985 was briefly imprisoned and tortured by the army. After his release, he also helped organize guerrilla cells in the cities and the impoverished countryside.

 

M-19 rebels carry the coffin of Mayor Afranio Parra, days after he was killed by police on April 7, 1989, in Colombia's Santo Domingo mountains before a burial ceremony. M-19 was one of several Colombian leftist guerrilla groups.

Esly Salinas/AFP via Getty Images

"I slept in the homes of poor farmers," he said in the interview, speaking via Zoom. "I hiked across mountains and Indigenous reserves. I was in daily contact with poor people."

Petro believes such close contact with average Colombians eventually made him a better politician. "I think a president should have these types of experiences," he said.

He led the capital through ups and downs

He would soon focus on electoral politics. Disillusioned with the war, Petro took part in peace talks that paved the way for the M-19 to disarm and form a left-wing political party in 1990.

However, running for office remained risky. Carlos Pizarro, who had been the M-19's top commander, ran for president in 1990 but was shot dead by an anti-communist gunman weeks before the vote. A month earlier, another leftist presidential candidate, Bernardo Jaramillo, was assassinated.

Petro surrounded himself with body guards and made his way into politics. He served nearly two decades in Colombia's Congress, where he earned praise for denouncing close ties between politicians and right-wing death squads. He finished fourth in the 2010 presidential election, then was elected mayor of the capital, Bogot, in 2011.

It was a chaotic four years in charge of the capital. Although crime and poverty fell, Petro went through nine chiefs of staff and, at one point, trash piled high in the streets during his bungled attempt to reform the city's garbage pickup.

In 2018, Petro again ran for president, losing to conservative Ivn Duque. But under President Duque, drug-related violence has increased in rural areas, a national strike shut down major cities last year, and poverty has swelled due to the COVID-19 pandemic. (The Colombian Constitution bars the president from seeking a second consecutive term.)

"The government's lack of capacity to deal with a national emergency just left a lot of people angry and upset. And I think that's what gives Gustavo Petro a real chance," says Sergio Guzmn, director of the consulting firm Colombia Risk Analysis.

Another factor opening the door for Petro is a more recent peace agreement, signed in 2016, that disarmed Colombia's largest rebel group known as the FARC. As the country's guerrilla conflicts have faded, Guzmn says, voters have become more willing to support leftist politicians who were previously viewed by some as rebels in disguise.

Should Petro win, he would become Colombia's first-ever left-wing president.

He wants to take on poverty and the environment

Many of his proposals have alarmed the country's business class.

Petro talks of raising taxes on the rich — and printing money — to pay for anti-poverty programs. To move toward a greener economy, he promises to stop all new oil exploration and to cut back on coal production, even though these are Colombia's two top exports.

"The fiscal accounts of Colombia depend on oil. It's as simple as that," Alberto Bernal, a Colombian economist, said on a video panel this month sponsored by the Council of the Americas think tank in New York. "What is Colombia going to do if you can't take oil out?"

Petro has outlined a 12-year transition period and says the country could replace the lost income from fossil fuels with a major boost to tourism, and improvements in agriculture and industry.

"I am proposing a path that is much better for Colombia," Petro told NPR, adding that his plan adheres to guidelines from last year's United Nations Climate Change Conference in Glasgow.

 

Anti-narcotics police walk through a coca field in La Hormiga, Putumayo, Colombia, on April 9. The country's efforts in the U.S.-led war on drugs have played a key role in Colombia's close relationship with Washington.

Fernando Vergara/AP

He is a critic of the U.S.-led drug war

He also spoke in the interview of forging a new relationship with Washington. Petro is a strong critic of the U.S.-led war on illegal drugs in the Andean region — though he provided no specific alternatives — and he wants to renegotiate a 2006 bilateral trade deal that he claims has hurt Colombian farmers and manufacturers. He also wants more help from the U.S. to protect the Amazon rainforest, part of which lies in Colombia.

Since giving up on guerrilla warfare more than three decades ago, Petro has followed the democratic rules yet critics continue to question his commitment to liberal democracy. For example, Petro commented on the campaign trail that his first act as president would be to declare a state of economic emergency, allowing him to bypass Congress and enact laws by decree to tackle hunger and poverty.

Critics try to peg him as a Colombian Hugo Chvez

Petro has also insulted journalists and recently called a Colombian TV commentator who questioned his plans a "neo-Nazi."

Federico Gutirrez, a conservative former Medelln mayor who is Petro's main rival in the presidential race, did some name-calling of his own. In a March TV debate, he compared Petro to socialist leaders who have brought authoritarian rule and economic ruin to neighboring Venezuela.

 

Federico Gutirrez, a candidate with the Team for Colombia coalition, touches the shoulder of Gustavo Petro, candidate with the Historic Pact coalition, during a debate in Bogot, Colombia, Jan. 25.

Ivan Valencia/AP

"Petro: You are Chvez and Maduro," Gutirrez said, referring to the late Venezuelan President Hugo Chvez and his successor, Nicols Maduro. He also said a Petro administration would expropriate private businesses, a claim Petro denied.

An April 21 poll gave Petro 38% of the vote — well ahead of the seven other candidates competing in the May 29 election. But that's below the 50% plus one vote he would need to avoid a June runoff between the two top vote-getters from the first round.

His running mate would be the first Black vice president

Arlene Tickner, a professor of international relations at Rosario University in Bogot, chalks up some of the criticism of Petro to a Colombian upper class that's running scared.

"They stand to lose some of their privileges, as should be in a genuine democracy that values equality and participation," Tickner says. "Remember that Colombia is one of most unequal countries in Latin America and in the world and it's shameful that we have not yet had a more progressive president."

 

A large image of Francia Mrquez is projected on a screen as she and presidential candidate Gustavo Petro stand on stage during a campaign event, March 23. Petro's running mate Mrquez would be the first Afro-Colombian vice president if they win.

Fernando Vergara/AP

Rather than threatening Colombia's democracy, Petro says he would open it up to new voices. His running mate, Francia Mrquez, is an Afro-Colombian human rights activist who, if elected, would make history by becoming the country's first-ever Black vice president.

Indeed, Petro's political movement is called the Historic Pact — which Guzmn, the consultant, calls "a brilliant bit of political communication, because: Who campaigns against history?"

Comment by Johnnyboy851 on Apr 29, 2022 3:28am
The United States will stop all aid to Colombia if they elect narco terrorist Gustavo Petro. Investment will stop flowing to a country that is politically unstable or has questionable leadership. Gustavo Petro will destroy Colombia. Gustavo Petro is a terrorist. Gustavo Petro will make the poor even more poor. Colombia is the only latin American country with real growth of ...more  
Comment by invest234 on Apr 29, 2022 9:53am
chile and peru voted for leftist governments and their mines are still running and making money. petro tried before and could not get 50%. his number is still not 50%. the population and family members petro kidnapped and murdered won't soon be forgotten. as serafino said, population of colombia is more diversified and made up of less poor indiginous people than the 80% of peru. market ...more  
Comment by likeike on Apr 30, 2022 2:28pm
chile and peru voted for leftist governments and their mines are still running and making money. petro tried before and could not get 50%. his number is still not 50%. the population and family members petro kidnapped and murdered won't soon be forgotten. as serafino said, population of colombia is more diversified and made up of less poor indiginous people than the 80% of peru. market ...more  
Comment by invest234 on Apr 29, 2022 10:52am
venezuela needs the military to enforce their rules. colombian military and law enforcement has been brutally fighting against leftist guerrilla rebels like the farc for decades. what are the odds that these same military would do a complete 180 degree turn and take orders from a leftist rebel to murder people in the judicial and legislative branches, tear up their constitution, enforce the ...more  
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