drc. is a combined company and there is a lot of work to be done. we have already started engaging with the tanzanian authorities. there is a continued dialogue with of the management team. i hope that is going forward. onwill certainly be focusing this challenge in the quarter and the first quarter 2019. as far as drc goes, there are elections going on there at the moment, it's a dynamic situation in the drc. we believe it's an important step for the country. we await the outcome and the of the final election results. worke will continue to with the new authority in the drc to ensure that we can deliver and that there is a norm for world-class gold deposits. vonnie: do you have any targets for gold production growth? or costs in 2019? not yet. we are working to get there. and when we speak to you in february -- as you know, we speak on a pro forma matrix and we stand as an industry leader on the financial matrix as well as the production matrix. but i have never been one for actual volume

bureaucracy and the corruption that comes with it is a blight across the drc. this man is a big fan of travelling by barge. just like a big family, he says. but as a retired soldier he is in no rush. this woman just wants the journey to end. her husband recently died. she is disabled and has run out of money to why food for her kids on the boat. she is heading for a new start, with a bible by her side. during the belgian colonial times, this river really was a highway. among the traffic were luxury steamboats. the remains now lie rusting along the banks. the workshops quiet. in many ways, the congo has gone back in time. it takes just four or five hours driving through the forest to meet people living a very traditional way of life. this is boodanga village. this ritual is to wish them good fortune hunting in the forest, and we are going with them. they are looking for wildlife and useful plants on the way. they block animal holes and use smoke to force them out. it is the way they have always hunted. but a century ago, king leopold discovered there was somethi

the catholic church and the drc did its tally and announced completely different results. i think we need to remain calm, avoid confrontations, and clarity should be saw it guarding the results. sought regarding -- regarding the results. genie: phil clark in london, this when for felix tshisekedi has prompted some people to speculate he may have struck a deal with the outgoingng presesident. whatat do you think? phil: there is an anonymous amount of surprise, that also an enormous suspicion in congo about how he has one bank. nobody -- has won. nobody was talking about him, so this is fueling suspicion he struck a deal with the former president in the background. reportedisekedi was going to the presidential palace last week and questions were being raised as to what was going on. the fear is the government may done this to ensure an opposition leader has won. anan opposition thatat is favore to its regime. genie: the runner-up, another opposition candidate, martin fire you lou, who says he -- rejects this preliminary result. protesters are supposed to turn out to protest.

but of course, the drc has a terribly violent, bloody history.s get, do you think? if felix tshisekedi is confirmed as the country's next president, he would be the country's first leader to take power from the ballot box since independence, so it's really a historic moment for this country. and it's also unprecedented in central africa for an outgoing president to hand over to a candidate from the opposition. so a really crucial moment at the moment in central africa and in the drc. let's get some of the day's other news: a federal court in los angeles has dismissed claims by the us actress ashleyjudd that she was sexually harassed by the film mogul harvey weinstein. but the court said msjudd could proceed with another part of her civil claim, namely, that mr weinstein defamed her and got her excluded from the lord of the rings movies after she rejected what she said were his advances. mr weinstein denies all allegations of non—consensual sex. he's still facing a separate criminal case involving five counts of sexual assault including rape. poli

so really crucial moment at the moment in central africa and in the drc.its centenary. the grand splendid opened as a theatre in 1919, but was later converted into a cinema. it has now become a book shop, and notjust any old book shop, as the bbc‘s tim allman explains. from the outside, the grand splendid has a certain weary, rundown glamour. but inside, it'sjust about the most beautiful bookshop you have ever seen. ornate sculptures, majestic frescoes on the ceiling. oh, and books — lots and lots of books. translation: this is a classical—style theatre. throughout its history, it's held a cultural significance. max glucksmann, the man who built it, was important for various forms of cultural expression — theatre, cinema, radio and music. it was a very thorough journey of culture throughout the 20th century. around a million people visit each year, locals and tourists. they come from far and wide to browse and to read, and to just admire. translation: one of the things that i thought of doing in argentina with my husband was to visit this bookshop. we're b

mining inlk about the drc? today is our first day as a combined company.work to be done and we have already started engaging with the tanzanian authorities. dialogue with the acacia board. we will certainly be focusing on attending to that challenge in this quarter. far as drc goes, there are elections going on there at the moment. it is a very dynamic situation. an important is step for the country. we await the outcome and the of the final election results. work withntinue to to new authority in the drc ensure that we can deliver on our view that there is enormous opportunity in the northeastern drc for discovering world-class gold deposits. flex do you have any targets for gold production growth or for costs in 2019? >> not yet. we are working furiously to get there. february, -- we stand out as the industry leader. on the financial matrix as well as the production matrix. -- i amever been one much more on the long-term viability of our business. i am super excited about the opportunities that this new combination offers us. you have a very different pr

the government has shutdown me internet in n the drc for the pt three days to prevent the spread of fake results on social media. the opposition says it is another sign of voter fraud. down -- for three days, the internet has been shut down. they say they fear fake results would be spread on social media. our sister station was also cut off. supported the decision to shut down the internet. >> it is for security. we had an election. this is about our sosovereignty. it should be respected. feel a shut down favors electoral fraud. -- why would they cut the internet? it is not a good omen. >> vote counting continued on wednesday. the commission explained why it was not publishing voting trends. west, people understand voting trends. here, if someone sees ththe candidate is aheadad in 10 votig stations and when they return he is not ahead, they risk misinterpreting this. that is why we are waiting before announcing the consolidated results. >> results are due by january 15. african union observers said they hope the e results will ben accordance with the vote of the people. >> one leader of

the: 70% of cobalt is in drc. -- cobalt issue. are trying to find more nickel and other materials. by the end of the day, it is interesting when you make ev pitch, how can you argue with cleaner when what you're getting is from the drc? david: eric prince and blackwater. if you're going to drc and doing business, it wouldn't hurt to have a private security force. they may come together. jason: this is beyond em. david: this is rough. jason: his reputation may not be the most stellar. he is the brother of the education secretary, betsy devos. he is connected into the administration as well through that channel. we will see how this goes. commodities edge segment. alix: tomorrow. david: 1:00. jason: the supply chain is different for ev. david: many thanks. tune into jason on bloomberg businessweek every day on radio from 2:00 to 5:00 eastern time. before congress convenes, new republican senator mitt romney blasts president trump's character in the washington post. this is bloomberg. ♪ david: this is what i'm watching. senator mitt

when situations worsen in the drc, this is what happens.rom their homes into camps. two years ago, a row over sharing a bowl of forest caterpillars sparked violent clashes between pygmies and other ethnic groups. inflamed by the politicians, it displaced three quarters of a million people. shouting. they're queueing up to make sure they're on the list for cash payments, due to be given by the un, the following week. aid workers check names, to make sure they don't get too little or too much of what they're entitled to. shouting. there are still many of these camps, scattered across the town. after the ethnic—based violence erupted into a brutal tit—for—tat of attacks. it's still too dangerous for most to go home and terrible things were done by both sides. we met estelle. one morning, the war came to her village without warning. she was abused by them. they killed a woman and three men, in front of her. it took estelle two months to walk 200 kilometres, to escape the fighting. she now has little to feed her five children, her 11—year—old tw

when situations worsen in the drc, this is what happens.t forced from their homes into camps. two years ago, a get forced from their homes into camps. two years ago, a row get forced from their homes into camps. two years ago, a row over sharing a bowl of forest caterpillars sparked violent clashes between pigmeat and other ethnic groups. —— pygmies. between pigmeat and other ethnic grou . —— ' between pigmeat and other ethnic groups. —— pygmies. inflamed by the politicians, it displaced 750,000 people. they are queueing up to make sure they are on the list for cash payments due to be given by the un the following week. aid workers czech names to make sure they don't get too little or too much of what they are entitled to. there are still many of these camps scattered across the town after the ethnic —based violence erupted into a brutal tit—for—tat attacks. it is still too dangerous for most to go home, and terrible things were done by both sides. we met estelle. one morning, the war came to her village without warning. she was abused by t

anonymously quoted by reuters said and i'll be on stage was another journalist based is specialized in the drc? at he's took he'ss using t e french term herere i'll channels change of power he said following the s selectn political change of power it's anptptical illusion the real winner of the selection process is joseph kabila. then you have this article market mark i i african arguments dot org they say this is zero point 000% chance that the results of two the caddy getting i think it was 38% is only. it's just absolutely impossible but they are the real results. and that's quoting a d. congngal research group and frances sauauce indeed congr has never had. a peaceful transition of power since becoming independent ninety sixty so clearly things looking like they might take the usual tuturn yes and usually that means the people lose e out which i is a t tragedy. now w than all f. only. listen to national is awfully at this is what in income the income of us right so if he's not a so this is a since said the end of last year i think first of january. at essentially -- because they're reporti

african leaders have been congratulating felix tshisekedi this has been declared president of the drc is a constitutional coup d‘etat and has called for peaceful demonstrations across the country. steps away from felix tshisekedi‘s party headquarters, it has been a day of celebrations. his party had tried unsuccessfully for decades to seize power. many here are also celebrating the outgoing president, joseph kabila, for overseeing a handover of power. but felix tshisekedi will have to face legitimacy concerns, although he is from an opposition party. some of his opponents claim he made some kind of backroom deal with the outgoing president kabila, who they say it helped to rig the results in exchange for letting his party remain influential. governing challenges because the—ruling coelitienrheve won over half of parliamentary seats. that means the prime minister will be picked from their ranks and they will likely also get to pick governors and senators. so while people here in this area of the capital are celebrating the big question now is whether the rest of the population in this

the opposition leader of the drc has been declared the surprise winner and the court validates the resultsce congo gained independence nearly 60 years ago. how much of a surprise was this? candidates of the , he came insident third which is usually influential. it was really unexpected and unfortunately, and a lot of analysts believe the results may because he isred seen as a safer candidate and might be willing to do a deal with the outgoing administration. >> the white house is announcing a former federal colonists which are from the border governors. withdrawing? >> her area of expertise is regulation. some people who watch this say this was the result of a concerted lobbying effort on the banking industry is part, that it sort of conduct her nomination process and kept her from getting nominated. thisaid she is looking at as career limbo and that is why she is withdrawing her nomination. theirhedge funds report performance, one bright spot was but many of its peers to not fare as well. the average hedge fund still end of the year in the red, one of theworst performers saw worst perform

. >> the opposition leader of the drc has been declared the surprise winner of last month's presidentiallection and the court validates the results the transfer of power since congo gained independence nearly 60 years ago. how much of a surprise was this? >> it was a huge surprise. people have put their bets on the outgoing president, he came in third which is usually influential. the catholic church had suggested or leaked that the opposition candidate was the likely winner. it was really unexpected and unfortunately, and a lot of analysts believe the results may have been altered because he is seen as a safer candidate and might be willing to do a deal with the outgoing administration. >> the white house is announcing a former economist withdrawing from ac on the central banks board of governors -- a seat on the central bank board of governors. why is she withdrawing? >> her area of expertise is financial stability and regulation. some people who watch this say this was the result of a concerted lobbying effort on the banking industry's part, that it sort of gummed up her nomination pr

we have the holy trinity of the drc, and the in drc -- n the pboc. tom: the trio coming out straight after that trade data we got yesterday, building on a pretty bleak picture. they say it is more complicated. we have the central bank, the finance industry, and that state planning body coming out, putting out statements, and there will be something of a press conference happening in the next few minutes or so. so the pboc talking about to the fact that they are going to remain -- monetary policy will remain prudent. they expect a further increase in policies flexibility -- policy for stability. the consensus is not that we are going -- policy flexibility. the consensus is that we are not going to have that. they added to the medium-term lending facility to make it more targeted to banks that are passing on some of that liquidity through smaller and medium-sized enterprises. the pboc says that between january and november of last than 17%.s rose more the pboc saying financial risks are being reduced and again, the economy and financial situation is be

it's -- there's a little more complication to that and there was just an election in the drc a couplebe announced this week. >> we've had this discussion before >> we have >> with people buying cobalt >> that's what i wonder. why is blackwater specifically equipped -- >> it's not blackwater i sold the business. but certainly acquired the skills and organization. because it's a matter of doing logistics in difficult places and people -- the mining engineers to go into the remotest places, to find the resource, to drill it, to prove it and to make it sure and make it to markets. >> one of the big issues when you get into these hairy markets, though, is whether you have to pay people off to get stuff done and that becomes a larger issue for multinational companies that end up perhaps having to do business with you to buy some of this stuff. >> well, there's a full spectrum of problems. some of these minerals are considered conflict minerals in a lot of cases -- like 15% of the world's cobalt is guys in loin cloths digging by hand. us coming in will give them a proper job and prevent chil

in the drc, riot police have been deployed in kinshasa as the electoral commission prepares to release local observer group said it had witnessed "major" irregularities at counting stations. that's from bbc afrique. bbc arabic reports that tear gas and live ammunition has been fired at an anti—government demonstration in the sudanese capital of khartoum. it happened as separate pro government group staged a rally in support of president bashir. and among the most viewed on our website, australia's prime minister has been caught in a photoshop fail after social media users pointed out that in a recent family photo his shoes had been digitally altered. the pm says he was unaware that his staff had made the change. he said they should have left the shoes alone and given him more hair instead. last week we told you about jo song—gil, north korea's top diplomat in italy who has disappeared, he reportedly wishes to seek asylum. now a former colleague who also defected from the north is urging the mrjo to come to seoul. thae yong—ho is the former deputy north korean ambassador to the uk. he's

>> so rand gold before the merger had two world class assets, two of the top-ten assets, one in drc,li. and over the last 23 years we've delivered with one of the top performers in the ftse 100 and barrick brings a cluster of world-class assets to operating mines, one developing mine and a new project all in the world-class category in nevada which is a very stable economic address. then it has very big assets in argenti argentina, in the chile argentinian border and it has an enormously large mine in the dominican republic, 30 million ounces and then some assets in papua new guinea so my point is if you want to be relevant in the gold industry, and we're running the risk of not being relevant in an a public market that has massive market caps so today barrick today stands apart from all other of its peers. >> what are the risks of irrelevance? >> gold is quite a small industry, a hundred billion dollar industry and so if you keep operating as small little companies trying to make a turn on a public market that is a much larger entity that you have -- you run the risk of becoming irr