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Petrobras shares fall after Bolsonaro fires its boss

AFP

The price of shares in Brazil’s state oil giant Petrobras fell Tuesday in reaction to President Jair Bolsonaro firing its boss after only 40 days on the job.

Bolsonaro dismissed Petrobras CEO Jose Mauro Coelho on Monday in a tug-of-war over rising fuel prices, which are set by Petrobras but tied to international market movement.

Petrobras shares lost more than four percent in afternoon trade on the Sao Paulo Stock Exchange, before recovering somewhat to 2.85 percent lower than Monday’s worth.

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The movement reflects investor concerns of a possible intervention by the State, the main shareholder in Petrobras, in its autonomous pricing decisions.

Coelho took over last month for what should have been a one-year term. He became the company’s third CEO in just over a year after Bolsonaro also fired his predecessors. 

Fuel prices in Brazil have risen more than 33 percent in the past year, according to official figures, driving annual inflation of more than 12 percent and hurting Brazilians’ wallets in an election year.

The far-right Bolsonaro trails leftist ex-president Luiz Inacio Lula da Silva in opinion polls ahead of elections in October.

Brazil’s Ministry of Mines and Energy announced Coelho’s dismissal, saying the country was “experiencing a challenging moment, due to the effects of the extreme volatility of hydrocarbons in international markets.”

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The government has proposed for Coelho to be replaced by Caio Mario Paes de Andrade, an official in the Economy Ministry.

He must be confirmed by the company’s board of directors.

Earlier this month, Bolsonaro also replaced his longtime energy minister, Bento Albuquerque, days after Petrobras reported record quarterly profits.

Bolsonaro said those profits amounted to “rape,” and called on Albuquerque and Coelho to stop Petrobras from raising prices.

Petrobras went on to hike diesel prices by an additional 8.9 percent.

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International

Chile workers end strike at world’s largest copper producer

AFP

Workers at Chile’s state mining company Codelco, the world’s largest copper producer, called off an open-ended strike Thursday after reaching agreement with the government.

The strike by some 40,000 mine workers to protest the closure of a foundry in one of Chile’s most polluted regions, was ended after one day, the FTC labor federation announced.

The FTC had agreed with the company to work jointly towards closing the Ventanas foundry, over a period of time, in an area dubbed “Chile’s Chernobyl.”

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Codelco announced it would close the Ventanas foundry after an incident on June 9 when 115 people, mostly school children, suffered sulfur dioxide poisoning released by heavy industry in the area around Quintero and Puchuncavi, home to some 50,000 people.

It was the second such incident in just three days.

Greenpeace described the area around the Ventanas plant as “Chile’s Chernobyl” following a serious incident in 2018 when around 600 people  received medical treatment for symptoms such as vomiting blood, headaches, dizziness and paralysis of the extremities.

Unions, however, described the announced closure as “arbitrary” and demanded the government spend money instead on bringing the plant up to environmental standards.

Pollution accumulated in the area of Quintero and Puchuncavi after the government decided in 1958 to convert it into an industrial center that now hosts four coal-fired power stations and oil and copper refineries.

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Bodies of two men murdered in Brazilian Amazon returned to families

AFP

The bodies of British journalist Dom Phillips and Indigenous expert Bruno Pereira were handed over to their families Thursday, nearly two and half weeks after they were killed in Brazil’s Amazon.

Phillips, 57, and Pereira, 41, were shot while returning from an expedition in the Javari Valley, a remote region of the rainforest.

Pereira’s funeral is scheduled for Friday in Recife, while Phillips’s family will hold a wake and cremation on Sunday in Niteroi, near Rio de Janeiro.

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Alessandra Sampaio, Phillips’s widow, released a photograph of herself holding his wedding ring, which police had found next to his body.

Also on Thursday, a fourth suspect turned himself in at a police station in Sao Paulo, telling officers he drove the boat that chased the two men, according to excerpts of his statement published by several Brazilian news outlets.

Gabriel Dantas, 26, said that he was asked by the first suspect arrested, Amarildo Oliveira, to drive a boat without knowing where they were going or the reason for the trip.

When they reached the boat carrying Phillips and Pereira, Oliveira “shot them with a 16-gauge rifle,” Dantas said. 

After witnessing the two men’s murder, he then allegedly helped transport their bodies to the place where they were buried, with the help of other men.

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On Monday, Federal Police said they had identified five other people who took part in hiding the bodies, while three suspects were arrested.

Phillips, the author of dozens of articles on the Amazon and a long-time contributor to The Guardian newspaper and other major news organizations, was traveling to the Javari Valley as part of research for an upcoming book.

Pereira was serving as his guide, and had previously traveled with him in 2018 to the area, which is plagued by drug trafficking, and illegal gold mining and fishing.

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Venezuela sentences mutiny officers to up to 15 years jail

AFP

Venezuela has sentenced 24 military police officers who mutinied during anti-government protests in 2019 to as much as nearly 16 years in prison, a human rights activist said Thursday.

The group of National Guard officers were arrested after trying to take by force a command post in a poor Caracas neighborhood in January 2019, having disavowed the leftist government of President Nicolas Maduro.

Their move came after opposition leader Juan Guaido declared himself acting president, receiving support from around 60 countries, in an unsuccessful bid to oust Maduro.

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Sergeant Major Luis Bandres, who led the uprising, was sentenced to 15 years and nine months for mutiny and instigation, Alfredo Romero, director of the Foro Penal human rights NGO, said on Twitter.

The rest of the group received sentences of seven years and nine months, said Romero.

Family members of those convicted say the officers were tortured in prison, including being hit with baseball bats and given electric shocks.

“Complaints of serious torture were not considered nor investigated,” said Romero.

Bandres had said he was on hunger strike at the beginning of the year in protest at the delays in his case going to trial, but ended it within days.

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Foro Penal, a harsh critic of the Maduro regime, says there are around 240 political prisoners in Venezuela, including about 100 members of the military.

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