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AllAfrica: Anadarko Strikes Oil in Mozambique

Maputo — Mozambique's Minister of Mineral Resources, Esperanca Bias, announced in Maputo on Monday that the US oil company Anadarko found oil deposits in the Rovuma Basin, in the northern province of Cabo Delgado.



Bias, who was speaking during a press conference, explained that it is still a technical presence of oil, because there is still a long way to go for the evaluation of its commercial viability.



However, said the minister, the presence of oil…

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Added by GOXI on August 18, 2010 at 10:10 — No Comments

BBC: Gabon Moves to Diversify Economy Beyond Oil

Gabon has signed deals to diversify its economy in an attempt to be less reliable on its dwindling oil reserves.

The government has announced contracts with Asian companies worth $4.5bn billion dollars.

President Ali Bongo signed the agreements on the eve of the country's 50th anniversary of its independence from France.



The projects will revamp infrastructure and create about 50,000 jobs.…



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Added by GOXI on August 17, 2010 at 22:11 — No Comments

Bnet: Bono Versus Big Oil (by Julien Harneis)

Activists, including U2 frontman Bono, cheered — while Big Oil blasted — an 11th-hour insertion into the Dodd-Frank financial reform law last month that will require all companies registered with the SEC

to disclose their royalties, bonuses and other payments to foreign

governments… Continue

Added by GOXI on August 17, 2010 at 22:04 — No Comments

Mail & Guardian: Big Money Arrives in Zim [for Diamonds]

Zimbabwe's controversial rough diamonds began

their long journey from the dirt of the Marange fields to the gleaming

world of jewellery stores in a remarkable show of bling this week.










Dozens of sparkling private jets lined the tarmac at Harare's

international airport, luxury vehicles queued for parking space and red

carpets were rolled out as big international money arrived in Harare…
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Added by GOXI on August 17, 2010 at 21:52 — No Comments

Can mineral riches outweigh DRC investment risks?

Provocative piece by Lawrence Williams. Availlable: http://bit.ly/bXJQTE

Added by GOXI on August 13, 2010 at 16:21 — No Comments

REUTERS: Zambia Sees Bright Future for Copper Mining

LUSAKA – Zambia, Africa's leading copper producer, said on Tuesday that it expects a strong performance by the mines over the long-term due to rising metals prices and has urged mineworkers' unions to

support new investors.



Mines minister Maxwell Mwale told Reuters the future of copper mining appeared very promising as the price of the metal, used extensively in construction and wiring, was expected to remain

high over the long-term due to…

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Added by GOXI on August 10, 2010 at 16:15 — No Comments

REUTERS: South Africa Not Looking to Nationalise Mines

JOHANNESBURG (Reuters) - South Africa's ruling African National Congress is not looking at ways to nationalise mines but wants to intervene in ways to best manage the

sector crucial to the state's economy, an official said on Tuesday.





"There must be rules to govern national interest. It is not a debate about nationalisation. It is about models of state…

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Added by GOXI on August 10, 2010 at 16:08 — No Comments

Naomi Campbell said Taylor sent diamond: Mia Farrow

Actress Mia Farrow has testified that model Naomi Campbell said she got a "huge diamond" from men sent by ex-Liberian president Charles…
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Added by GOXI on August 9, 2010 at 14:08 — No Comments

FT: Review of Ghana oil contract holds up funding

Available: http://bit.ly/cL3403 ;

Added by GOXI on August 9, 2010 at 13:56 — No Comments

New York Times: Trying to Spread Africa's Wealth

NICE , France— In years past, Africa was always the outsiders’ cornucopia, the font of gold and diamonds, slaves and minerals, cotton

and rubber and, more latterly, oil.



These days, the continent’s riches draw a new cast of prospectors and predators, but the question is the same: who benefits — the people, or a

coterie of political and military elites that has sunk deep roots in

Africa’s postcolonial loam, fed and watered by foreign powers…

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Added by GOXI on August 2, 2010 at 15:06 — No Comments

Guinea hopeful Rio deal will seal iron-ore project

CONAKRY – A deal between Rio Tinto and Aluminum Corp of China could speed up development of Guinea's Simandou iron-ore deposits, but the government of the West African state has not yet approved it, Mines

Minister Mahmoud Thiam told Reuters.



Aluminum Corp of China, known as Chalco, signed a $1,35-billion deal with Australia-based Rio last week for the project, which Rio claims is the world's largest undeveloped deposit of iron…

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Added by GOXI on August 2, 2010 at 13:27 — No Comments

UK government taken to court over conflict minerals

Global Witness, the human rights and inflict minerals campaign group, has accused the UK government of acting unlawfully by refusing to put forward companies trading in ‘conflict minerals’ from the Democratic

Republic of the Congo (DRC) for United Nations sanctions.



The organisation made the accusation as it made an application to the UK High Court for judicial review on July 26.

Global Witness says that several UK companies were known to be trading in…

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Added by GOXI on July 31, 2010 at 17:41 — No Comments

Paul Collier on Afghanistan's mineral wealth

In Afghanistan, a Threat of Plunder



THE news that Afghanistan has $1 trillion in unmined mineral deposits has been met with some pessimism. Now, it is said, the country will be transformed from its present condition into the

next Congo, whose new wealth from gold, copper and other minerals…

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Added by GOXI on July 20, 2010 at 16:27 — No Comments

Analytical Framework: The Challenge of Mineral Wealth

A study by The World Bank, International Council on Mining and Metals (ICMM), and UNCTAD (Commodities Branch) on using resource endowments to foster sustainable development.

1347REAnalyticalFramework.pdf

Added by GOXI on July 19, 2010 at 21:55 — No Comments

How to Integrate Women in Mining

The IFC report is available at http://bit.ly/cV5Frv

Added by GOXI on July 16, 2010 at 23:24 — No Comments

U.S. SENATE ADOPTS MEASURE TO INCREASE TRANSPARENCY IN OIL, GAS AND MINING INDUSTRIES

Below is the full text of the press release. PDF is attached.



Washington, DC – With passage of the Wall Street Reform Conference Report, the Senate has approved a measure, authored by U.S. Senators Benjamin L. Cardin (D-MD) and Richard Lugar (R-IN), to increase transparency in the oil, gas and mining industries. The Cardin-Lugar Energy Security Through Transparency (ESTT) provision will add stability to markets through greater information and predictability and help protect… Continue

Added by GOXI on July 16, 2010 at 4:41 — No Comments

Newmont Favours Contract Transparency

- The following was taken from Allafrica.com



- The original Public Agenda story is also attached as a PDF



President John Evans Atta Mills' directive that all current and future agreements with companies to develop the nation's extractive resources be made public may never be followed through because legal advisors to the State have a contrary view.



According to Ms Ama Jantuah Bamful, Chief State Attorney, emphasis should not be placed on… Continue

Added by GOXI on July 14, 2010 at 22:22 — No Comments

GOXI Monthly Update - June

First, WHAT IS GOXI?



- It’s a noun (as in the name of a place): www.GOXI.org . The citizens, GOXIans, are known for their passion for and dedication to improving the governance of extractive industries to maximize sustainable development impact for citizens.



-It’s an adjective: A news story, picture, blog, video, document that is worthy of sharing on GOXI. E.g. This story that I just read on The Post’s website is very… Continue

Added by GOXI on July 9, 2010 at 4:26 — No Comments

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