This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

APNewsBreak: Africa land grabs endanger elephants

By RICHARD LARDNER

WASHINGTON (AP) a¿¿ Political and military elites are seizing protected areas in one of Africa's last bastions for elephants, putting broad swaths of Zimbabwe at risk of becoming fronts for ivory poaching, according to a nonprofit research group's report that examines government collusion in wildlife trafficking.

Zimbabwe has maintained robust elephant populations compared with other countries on the continent. But economic penalties imposed by the United States and Europe have led Zimbabweans with ties to President Robert Mugabe's ruling party to find new methods of making money. The report, set for release Monday, says they may be turning to elephants' highly valued ivory tusks.

Zimbabwe's embassy in Washington did not respond to a request for comment.

Born Free USA, an animal advocacy group, commissioned the report from Washington-based C4ADS to better understand the role organized crime and corrupt government officials play in ivory trafficking across Africa, said Adam Roberts, Born Free USA's chief executive officer.

Wildlife trafficking long has been viewed as a conservation issue, but it has exploded into an illicit global economy monopolized by mafia-like syndicates and enabled by high-level bureaucrats and powerful business interests. The report describes a toxic combination of conflict, crime and failures of governance throughout Africa that threatens to wipe out the continent's dwindling elephant herds.

China, the world's largest market for ivory, is compounding the threat, the report said. Chinese companies have won lucrative contracts in Zimbabwe for mining and construction projects near remote elephant habitats, bringing waves of workers and new roads that can be exploited by East Asian crime organizations, the report said.

North of Zimbabwe, in central Africa, an estimated 23,000 elephants, or roughly 60 each day, were killed last year. A pound of elephant tusk sells for about $1,500 on the black market. That's more than double the price just five years ago. Ivory is used to make carved ornaments and trinkets.

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,086.63 -26.91 -0.16%
S&P 500 1,987.01 +3.48 0.18%
NASDAQ 4,473.6970 +17.6810 0.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs