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GOXI's Blog – January 2011 Archive (16)

Colombia wants mine safety reviews after blast - Reuters

* Death toll rises to 21 from Wednesday's blast

* Rescue workers have recovered 17 bodies so far

 …

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Added by GOXI on January 29, 2011 at 6:43 — No Comments

Brief shutdown at AngloGold Guinea mine over protests - Reuters

JOHANNESBURG Jan 28 (Reuters) - AngloGold Ashanti (ANGJ.J: Quote) said on Friday it had shut its Siguiri gold mine in Guinea for two days this week because of protests in a nearby…

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Added by GOXI on January 29, 2011 at 6:39 — No Comments

South Africa says Kumba mine right bid "fraudulent" - Reuters



* Govt rejects Kumba's application for disputed mining right



* Govt says Kumba's application "irregular, misleading"…



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Added by GOXI on January 28, 2011 at 10:31 — 1 Comment

Zimbabwe rough diamonds make their way to India - Mineweb

http://bit.ly/ft7thq

Added by GOXI on January 26, 2011 at 7:57 — No Comments

Guinea seeks 33 percent stake in mining projects - Reuters

CONAKRY Jan 24 (Reuters) - Guinea is seeking to raise its stake in mining projects to at least 33 percent, the West African state's new president, Alpha Conde, told Radio France International on Monday. 

 …

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Added by GOXI on January 25, 2011 at 7:00 — No Comments

China wins Tanzania coal, iron ore mine bid - Reuters

* Project estimated at $3 bln



* China firm beats Rio, BHP to win bid



* Win expands China's role in Africa's resource sector



 

By Fumbuka Ng'wanakilala



DAR ES SALAAM, Jan 18 (Reuters) - China's Sichuan Hongda Co. Ltd. (600331.SS:…

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Added by GOXI on January 19, 2011 at 22:46 — No Comments

Forged Kimberley Process certificates in Antwerp

Antwerp judicial authorities have uncovered a fraud involving diamond certificates. Diamonds worth 22 million euros were transported to Antwerp illegally using forged certificates.

The Kimberley certificates are used to show the legitimate origin of the diamonds. Two Antwerp diamond traders…

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Added by GOXI on January 15, 2011 at 6:55 — No Comments

Mozambique denies India 5 more coal concessions - Reuters

MAPUTO (Reuters) - Mozambique on Monday turned down a request by the Indian government for five coal concessions, saying the Asian giant should first develop its two existing blocks in the southern African nation. 



"They must develop what they have first. Then we will sit down and decide what to offer," Abdul Razak, deputy minerals minister, told a news briefing after talks…

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Added by GOXI on January 13, 2011 at 17:02 — No Comments

Dubai Confirms: No Marange diamonds allowed into UAE

(IDEX Online News) - The United Arab Emirates’ (UAE) Kimberley Process Office stated today (Sunday) that rough diamond shipments from Zimbabwe’s Marange region will not be allowed into the UAE “until full consensus amongst KP Participants is reached.”

 …

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Added by GOXI on January 13, 2011 at 16:54 — No Comments

Big scramble for Shell's oil blocks [in Nigeria] - This Day

By Chika Amanze-Nwachuku

 

No fewer than 18 consortia have expressed interests in some oil…

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Added by GOXI on January 11, 2011 at 15:35 — No Comments

Sudan 'needs clearer oil-sharing deal.' - BBC

Sudan needs to have greater transparency over its oil revenues to help preserve peace in the region, according to a new report.

Campaign organisation Global Witness says suspicions over how revenues have been shared have added greatly to mistrust between north and south.

The report comes ahead of Sunday's referendum on southern independence.

Most of Sudan's oil comes from wells in the south but the infrastructure remains in the…

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Added by GOXI on January 7, 2011 at 5:31 — No Comments

Nigeria: Experts criticize $1bn emergency disbursement - Vanguard

By Clara Nwachukwu

 

LAGOS — Economic experts have condemned Friday’s Federal Government’s sharing of $1bn from the Excess Crude Account.

More significant, they noted, is the fact that there was no justifiable reason for such disbursement, which has almost emptied the account on which government falls back on for emergency needs.

Speaking with Vanguard on the development in a telephone interview, frontline economist and Chief Executive Officer, Financial…

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Added by GOXI on January 6, 2011 at 13:26 — No Comments

Digging for trouble: Sierra Leone's minerals - The Economist

WHEN Sierra Leone’s decade-long civil war ended in 2002, the remote areas where that diamond-fuelled conflict originated had become a blasted wasteland of ruined villages and people sheltering under tarpaulins. Today, viewed from a lumbering Russian-made helicopter run by the country’s much reduced United Nations contingent, reconstruction is plain to behold. Houses have roofs again and local people, once terrified of the bush and the horrors it contained, are busily going about their…

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Added by GOXI on January 5, 2011 at 4:35 — No Comments

What lies ahead for gold and industrial metals and minerals in 2011- Mineweb

Good start then a difficult second half. A personal view of what may happen in the global economy and for precious and industrial metals and minerals and stocks in the year ahead.

 

Crystal ball gazing is a dangerous game.  When things do not go as you predict then doubtless people will throw your forecasts back at you - the only comfort being, perhaps, that most predictions eventually come

true - it is only the timing that is wrong.  But then that timing could be…

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Added by GOXI on January 4, 2011 at 1:00 — No Comments

Oil rises to highest year-end close since 2007 - Bloomberg

Oil surged to its highest year-end price since 2007 as the dollar weakened and gasoline and heating oil futures climbed.

Crude capped its second consecutive year of gains as the dollar dropped against the euro, boosting commodities’ appeal as an alternative investment. Oil settled above $91 a barrel after

testing technical support near $89. Gasoline and heating oil

advanced before the January contracts expired today.

“A weaker dollar and stronger product prices are…

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Added by GOXI on January 3, 2011 at 3:20 — No Comments

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