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sharing in governance of extractive industries

August 2010 Blog Posts (43)

Heritage/Tullow vs. Govt. of Uganda: A timeline

Tullow oil row rages on over unpaid taxes

UGANDA has repossessed an oil field that was jointly controlled by Tullow and Heritage because the oil firms failed to renew their licence. The stand demonstrates Uganda’s

ability to control and manage the nascent oil and gas industry, Ibrahim Kasita writes



A Tax row between the Government and…

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Added by Kasita Ibrahim Emolu on August 30, 2010 at 16:17 — 4 Comments

Uganda repossess Leased Oil Field

Government repossess leased oil well
Thursday, 26th August, 2010…
E-mail article
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Added by Kasita Ibrahim Emolu on August 30, 2010 at 14:21 — No Comments

Tullow loses money and rights as oil deal goes bust (The East African)

By Michael Wakabi…



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Added by GOXI on August 30, 2010 at 12:50 — No Comments

"Tanzania mining regime still favourable"

From The Citizen: ttp://www.thecitizen.co.tz/news/4-national-news/3775-tanzania-mining-regime-still-favourable-survey.html…



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Added by GOXI on August 30, 2010 at 12:13 — No Comments

AllAfrica.com: Liberian government signs up Chevron as oil exploration partner

Available:… Continue

Added by GOXI on August 30, 2010 at 11:52 — No Comments

Ideas for Action Competition: Engaging Young Professionals in Strengthening Responsible Business and Governance



Ideas for Action Competition:

Engaging Young Professionals in Strengthening Responsible Business and Governance…

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Added by Issel Masses on August 27, 2010 at 17:49 — No Comments

BBC's six steps to survival for Chilean miners

1. Having contact with loved ones.

2. Enduring the heat.

3. Keeping active.

4. Identifying leaders and allocating tasks.

5. Keeping the truth from them.

6. Avoiding infections.

Details available: http://www.bbc.co.uk/news/magazine-11071151


Added by GOXI on August 26, 2010 at 11:38 — No Comments

Problem in Nigeria NEITI

Crisis Rocks Nigeria Extractive Industries (NEITI) over Alleged Corruption

The secretariat of Nigeria Extractive Industries Transparency Initiative (NEITI) in Abuja is now embroiled in a crisis over allegations of corruption, THISDAY has learnt.

Following the allegations, Nigeria risks losing its place among the member countries of the global Extractive Industries Transparency Initiative (EITI).…

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Added by Ikubaje John Gbodi on August 24, 2010 at 18:02 — No Comments

The Namibian: Country could become largest uranium producer

By: BRIGITTE WEIDLICH



THE envisaged higher uranium production in Namibia would catapult the country from fourth place to the largest producer in the world, a new study on this sector reveals.



Assuming all other countries' uranium production remains constant over the next years, Namibia will produce around 32 per cent of the world uranium, the strategic environmental assessment of the central

uranium rush said. It was published online on…

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Added by GOXI on August 23, 2010 at 12:01 — No Comments

The Herald: Zimbabwe's mining sector poised for growth

By Tawanda Musarurwa



ZIMBABWE could experience significant growth in its mining industry by the close

of 2010 as indicated by the number of sector expansion projects on the

cards, but only on the basis of re-entrenching key macro-economic

fundamentals and strengthening of capacity recovery.





Growth of the mining sector has this year somewhat circumvented impediments in the…
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Added by GOXI on August 23, 2010 at 11:46 — No Comments

Rwanda protests new US mineral policy

From East African Business Week



KIGALI, RWANDA- The short period the US has given countries to prove their minerals are

not from Democratic Republic of Congo (DRC) will disrupt supply and hurt

economies, a Rwandan geologist has said.




On July 20, 2010, the US President passed the Dodd-Frank Wall Street Reform and Consumer Protection… Continue

Added by GOXI on August 23, 2010 at 10:54 — No Comments

IMF Public Financial Reform Blog - US Financial Reform: A Surprise Boost for Public Financial Management in Resource-rich Developing Countries

I have a new post on the IMF's Public Financial Management blog on the new US extractive industries transparency law and how it can boost public financial management in resource-rich countries. You can find the blog posting here:…

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Added by Ian Gary on August 20, 2010 at 16:11 — No Comments

Oil Discovery Raises Higher Expectations

Oil Discovery Raises Higher Expectations

By Ibrahim Kasita

Kampala — WHEN the people of Kanungu and Rukungiri were told that they were sitting on top of massive oil and gas reservoirs, they could not believe it.

"It had never come into our minds that underneath our great land there was oil," said Dodovico Byamukama, a farmer in Kambuga village, Kanungu.

"We will benefit from the resources because there will be jobs for us. I sent my children to Kampala for better education… Continue

Added by Kasita Ibrahim Emolu on August 20, 2010 at 11:44 — 1 Comment

African Manager: New EITI report highlilghts "gaps" in DRC's mining revenues

A new report has implicated DR Congo's Public Treasu ry in a "gap" noted

in funds disbursed in 2007 by mining and oil extraction comp a nies

operating in the country, PANA learnt here Tuesday.



The report of the Extractive Industries Transparency Initiative (EITI), issued M

onday, noted there was a gap of nearly five per cent on the 2007 fiscal

and para - fiscal revenues, compared to those declared by companies at

the Congolese Public… Continue

Added by GOXI on August 19, 2010 at 19:59 — No Comments

AllAfrica: How Obasanjo, Sirleaf-Johnson Betrayed Taylor--Fani-Kayode

Abuja — Amidst controversy over the ongoing trial of former Liberian president, Charles Taylor, at the International Court of Criminal Justice, The Hague, Chief Femi Fani-Kayode, former presidential

spokesman, has described Taylor as "a man betrayed".



Fani-Kayode, a former minister of Aviation, who blamed his former boss, Chief Olusegun Obasanjo, Liberian president Sirleaf-Johnson and the United States for Taylor's present predicament said, "This was…

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Added by GOXI on August 19, 2010 at 18:06 — 2 Comments

CNN: Will Uganda benefit from the country's new oil find?

Kampala, Uganda (CNN) -- The recent oil discovery in Uganda could signal an influx of unprecedented wealth for a country where more than a third of the population lives below the poverty line.

With proven reserves of two billion barrels, the east African state could soon become an important oil exporter and potentially attract major

foreign investments.



The biggest international player is Tullow Oil, a British-Irish firm that has signed contracts with…

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Added by GOXI on August 19, 2010 at 17:01 — No Comments

Uganda’s $25B plan: Where is cash?

Uganda’s $25B plan: Where is cash?

Wednesday, 18th August, 2010

E-mail article E-mail article Print article Print article



BY IBRAHIM KASITA



Govt plans to reduce cost of transportation and doing business

AFEW months ago, Uganda started on a five-year development plan (NDP) aimed at transforming the nation to the middle-income bracket in a period of 30 years. The $25b ambitious plan outlines a series of proposals.



“Interventions aim at creating… Continue

Added by Kasita Ibrahim Emolu on August 19, 2010 at 15:44 — No Comments

Kosmos Energy Agreement to Sell Ghana Business Terminated



Kosmos Energy announced today that the company`s Share Purchase Agreement with ExxonMobil related to the acquisition of its Ghana business has been terminated.Brian F. Maxted, Chief Operating Officer, commented, that "First oil from the Jubilee Field phase one development is fast approaching. The compoany also said that Kosmos will continue explorationn, appraisal and development activity in Ghana.…





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Added by Kofi Famous Ayivor on August 18, 2010 at 14:09 — No Comments

NYT: BHP Billiton Makes Hostile Bid for Potash

BHP Billiton, the world’s largest mining company, said Wednesday that it would take its nearly $40 billion cash offer for the Potash Corporation of Saskatchewan directly to the shareholders, a day after the Canadian fertilizer company rejected the bid, The New York Times’s Ian Austen…

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Added by GOXI on August 18, 2010 at 11:00 — No Comments

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