sharing in governance of extractive industries
* Death toll rises to 21 from Wednesday's blast
* Rescue workers have recovered 17 bodies so far…
Added by GOXI on January 29, 2011 at 6:43 — No Comments
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…Continue
Added by GOXI on January 29, 2011 at 6:39 — No Comments
* Govt rejects Kumba's application for disputed mining right
* Govt says Kumba's application "irregular, misleading"…
Added by GOXI on January 26, 2011 at 7:57 — No Comments
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.…
Added by GOXI on January 25, 2011 at 7:00 — No Comments
* 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:…Continue
Added by GOXI on January 19, 2011 at 22:46 — No Comments
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…Continue
Added by GOXI on January 15, 2011 at 6:55 — No Comments
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…Continue
Added by GOXI on January 13, 2011 at 17:02 — No Comments
Added by GOXI on January 13, 2011 at 16:54 — No Comments
By Chika Amanze-Nwachuku
Added by GOXI on January 11, 2011 at 15:35 — No Comments
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…Continue
Added by GOXI on January 7, 2011 at 5:31 — No Comments
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…Continue
Added by GOXI on January 6, 2011 at 13:26 — No Comments
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…Continue
Added by GOXI on January 5, 2011 at 4:35 — No Comments
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…
Added by GOXI on January 4, 2011 at 1:00 — No Comments
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…Continue
Added by GOXI on January 3, 2011 at 3:20 — No Comments