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sharing in governance of extractive industries

May 2011 Blog Posts (26)

G8 calls for full implementation of the EITI

G8 leaders stated that they would continue to support transparency through full implementation of the EITI, in the final declaration from the G8 summit in Deauville, France. Further, they called upon all countries to implement or support the EITI.

The G8 leaders' endorsement this year follows earlier statements of support from G20, including at their summit in Pittsburgh, and from earlier G8 summits.

In …

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Added by Anders Tunold Kråkenes on May 31, 2011 at 16:00 — No Comments

Niger Delta community ready to sue Agip Oil Company

The people of Etiema are ready to take a court action against Agip, a major oil company operating in the oil-rich Niger Delta for what they describe as an unfair treatment. The people bemoaned since oil production started in 1971, there have been no significant improvement in their livelihoods.

In an interview with the Chief of Etiema, Howels Idibo Ebifate, he said “we are dying, the oil companies left us like that”. “Many of our children died as a result of negative oil operations”,…

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Added by Stephen Yeboah on May 30, 2011 at 15:03 — 3 Comments

Screen your leaders! – Niger Delta Chiefs urge oil communities in Ghana

Chiefs and community leaders in the Niger Delta have charged oil communities in Ghana to carefully screen their leaders before giving them the mandate to negotiate on their behalf with oil companies and governments. The chiefs and community leaders in Oruma and Rumuekpe revealed that oil companies in the Niger Delta use divide-and-rule tactics where money is used to influence leaders to the total neglect of the welfare of entire communities.

The chiefs of Oruma, Joseph Efanga and…

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Added by Stephen Yeboah on May 27, 2011 at 21:24 — No Comments

G8 communique supports improved mandatory reporting by extractive companies for the first time

27 May 2011— In today's communique from the summit in Deauville, the G8 endorsed mandatory requirements for extractive companies to disclose payments to governments for the first time. The G8 includes Canada, France, Germany, Great Britain, Italy, Japan, Russia and the United States.

“The G8 wants oil, gas and mining companies to report the payments they make to each and every government,” said Vanessa Herringshaw, director of RWI’s London office. “That is real progress toward…

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Added by Vanessa Herringshaw on May 27, 2011 at 19:00 — 6 Comments

Why Uganda will delay to issue more oil licences

Why Uganda will delay to issue more oil licences

Wednesday, 25th May, 2011 E-mail article Print article



By IBRAHIM KASITA



THERE has been growing interest from international companies to take part in the oil-rich Lake Albert rift.



According the Ernest Rubondo, the commissioner in the petroleum exploration and production department over 50 companies applied for exploration licenses.



The rise of investors’ interest in Uganda’s nascent petroleum… Continue

Added by Kasita Ibrahim Emolu on May 26, 2011 at 16:48 — 11 Comments

Why Uganda will delay to issue more oil licences

Why Uganda will delay to issue more oil licences

Wednesday, 25th May, 2011 E-mail article Print article



By IBRAHIM KASITA



THERE has been growing interest from international companies to take part in the oil-rich Lake Albert rift.



According the Ernest Rubondo, the commissioner in the petroleum exploration and production department over 50 companies applied for exploration licenses.



The rise of investors’ interest in Uganda’s nascent petroleum… Continue

Added by Kasita Ibrahim Emolu on May 26, 2011 at 16:46 — No Comments

European Investment Bank urged to halt direct investment into mining in Africa

A ban on the government financing of mining activities has been called for in Europe, following allegations of gross tax evasion by resource sector operators in Africa.

Fifty members of the European Parliament have signed an open letter to the EU president and the European Commission, calling for a temporary suspension on all government financing of international mining projects. The moratorium is to be upheld until adequate standards can be put in…

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Added by GOXI on May 26, 2011 at 13:30 — No Comments

India battles China to tie up African mineral wealth - Mineweb

MUMBAI - 

China may have surpassed India as the world's largest investment market in terms of gold purchases, but India is not going to let its Asian neighbour win another round in Africa's mining sector without a fight.



The…

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Added by GOXI on May 26, 2011 at 4:51 — No Comments

Wanted: Mozambique Extractive Industry Consultants

Resource Consulting Services (www.resourceglobal.co.uk) is currently looking for a selection of Mozambican Extractive Industry consultants to supplement an international

expert team on a bid we are currently preparing for an extractive industry project in Mozambique.

 

The local specialists should provide a local perspective on mining, oil and gas industry development and the social impact of mining, oil and gas in…

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Added by Nicholas Garrett on May 26, 2011 at 0:43 — No Comments

Ministers to consider ECOWAS mineral development policy in Accra

Abuja - Nigeria — ECOWAS Ministers in-charge of Mineral Resource Development will hold their 3rd meeting in Accra, Ghana on 3rd June 2011 to consider among others, the Draft ECOWAS Mineral Development Policy and the Terms of Reference on the ECOWAS Mining and Oil Forum (ECOMOF).

The ministerial session will also consider the recommendations of the preceding National Experts Workshop/ Ad-hoc Committee meetings starting 26 May 2011 also in Accra on the same agenda topics. Participants…

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Added by GOXI on May 25, 2011 at 14:21 — No Comments

Rio's $657m payment to Guinea government faces scrutiny - The Australian

THE end use of a $US700 million ($657m) payment Rio Tinto has made to the Guinea government will be independently audited but is expected to face increased scrutiny as British and US regulators toughen their stances on companies operating in other nations.

It is understood the recently elected Guinea government has indicated to Rio that the money will go to a national emergency plan designed to improve water, electricity, food security and education.

It is also…

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Added by GOXI on May 23, 2011 at 17:38 — No Comments

REQUEST FOR EXPRESSION OF INTEREST FOR CONSULTANCY SERVICES: INDEPENDENT RECONCILER

COUNTRY: Zambia

NAME OF PROJECT: Zambia Extractive Industries Transparency Initiative Project

NAME OF CONSULTING ASSIGNMENT: ZEITI Independent Reconciler

GRANT NO. : TF: 095437

CONTRACT NO. : ZEITI/SEC/C/001/11

PROJECT ID NO. : P109092

 

The Zambia EITI Council seeks a competent and internationally recognised accounting or auditing firm to be contracted as an independent reconciler to produce the second Zambia EITI Reconciliation Report…

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Added by Bernadette Mwakacheya on May 23, 2011 at 9:46 — No Comments

GHANA’S OIL MONEY IN POTENTIAL DANGER? GHANA REVENUE AUTHORITY FACES CHALLENGES

 

GHANA’S OIL MONEY IN POTENTIAL DANGER? GHANA REVENUE AUTHORITY FACES CHALLENGES

  1. The flow meters installed by the operator are not functioning properly since they were installed so the major means of currently determining volumes is by tank dipping. This could deny Ghana significant revenues. The FPSO has been declared a customs zone and if there is no scientific way of monitoring export volumes for tax assessment, then Ghana will be losing. Both the Ministry of…
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Added by Mohammed Amin Adam on May 21, 2011 at 20:08 — 6 Comments

Artisanal and Small-scale Mining and Sustainable Land Use Management in and around Protected and Sensitive Ecosystems Project (ASM-PSEP)

 

Artisanal and Small-scale Mining and Sustainable Land Use Management in and around Protected and Sensitive Ecosystems Project (ASM-PSEP)

WWF and Estelle Levin Limited announce grants from the Tiffany & Co. Foundation and World Bank’s Program on Forests (PROFOR) to launch a new programme to address the impacts of artisanal mining in, on and around protected areas and sensitive ecosystems.

Global programme seeks practitioner partners and additional…

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Added by Kirsten Hund on May 20, 2011 at 15:11 — No Comments

Tullow Oil becomes EITI supporter

The EITI is pleased to welcome Tullow Oil as the latest EITI Supporting Company. Tullow is actively involved in EITI implementation processes in several countries in which it operates including Ghana, Mauritania, Gabon and, until recently,…

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Added by GOXI on May 20, 2011 at 14:11 — No Comments

Namibia looking to impose windfall tax on miners - Reuters

By Servaas van den Bosch



WINDHOEK (Reuters) - Namibia is looking to introduce a minerals windfall tax to enable the state to benefit more from the country's vast mineral…

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Added by GOXI on May 20, 2011 at 14:00 — No Comments

Newcrest Mining set to resume production at Ivory Coast mine - Dow Jones

MELBOURNE -(Dow Jones)- Newcrest …

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Added by GOXI on May 20, 2011 at 13:59 — No Comments

African Barrick says 7 killed in attack on mine - Reuters

By Fumbuka Ng'wanakilala and Julie Crust

 …

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Added by GOXI on May 20, 2011 at 13:00 — No Comments

Zimbabwe: Lawyer challenges Empowerment Act - The Standard

BY KUDZAI CHIMHANGWA



THE controversial Indigenisation and Economic Empowerment Act is riddled with loopholes and can be successfully challenged on the grounds that it is discriminatory, a prominent lawyer has said. 

Stanford Moyo, the former president of the Law Society of Zimbabwe told a workshop…

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Added by GOXI on May 20, 2011 at 13:00 — No Comments

Mining and Hydrocarbons Consultants Required

Adam Smith International

Adam Smith International (ASI) is a leading independent government advisory consultancy that works throughout the world to help countries reform their economies and government institutions.  Our aim is to deliver pragmatic and lasting solutions to leaders and decision-makers globally to enable growth and strengthen societies.

 

Extractive…

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Added by Adam Smith International on May 18, 2011 at 13:16 — No Comments

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