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sharing in governance of extractive industries

GOXI's Blog – July 2011 Archive (5)

Zimbabwe: Empowerment credits discarded - The Herald

By Martin Kadzere

GOVERNMENT has discarded empowerment credits that foreign-owned mining firms had proposed to use as part fulfilment of indigenisation thresholds, as communities where these companies operate will now get direct equity.

Mining companies had proposed to directly localise 26 percent stake, with the other 25 percent being covered under credits from social…

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Added by GOXI on July 28, 2011 at 9:20 — No Comments

Namibia's mining body says new tax will curb investment - Reuters

Namibia's Chamber of Mines wants the government to reconsider plans to impose a further 17 percent tax on exploration and mining firms in the southern African producer of diamonds and uranium, saying it would discourage investors.

Namibia said on Friday it would increase mining corporate tax to 44 percent for miners other than diamond producers.

"It is important... that any legislation that is implemented will not reverse the commercial viability of existing projects, or…

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Added by GOXI on July 28, 2011 at 9:00 — No Comments

GOXI Film Festival: Do you know any extractive industries-related films?

It's the summer blockbuster movie season for Hollywood. Not to be outdone by Hollywood, we figured we too can have a movie season on GOXI.

There is a treasure of extractive industries-related film out there. Most of them are controversial, with accusations around accuracy, fairness and balance, and so on. For GOXI, that is perfect for learning.

So for the next three months, we are asking GOXIans to review EI-related films. In the next week, we will…

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Added by GOXI on July 21, 2011 at 4:37 — 14 Comments

Niger president seeks more value from uranium price - Reuters

Niger, a major supplier of uranium to the French nuclear sector, wants a better price for its supplies, President Mahamadou Issoufou told state TV.

Issoufou, who came to power after March elections that ended just over a year of military rule, said the poor desert state was determined to make the most of its resources.

"I am absolutely determined that our resources under the ground support the economic and social development of Niger," he said in Saturday's address, which…

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Added by GOXI on July 21, 2011 at 4:27 — No Comments

Zimbabwe could seize mines over local ownership - Reuters

HARARE (Reuters) - Zimbabwe could take over mines that fall short of laws requiring them to sell majority stakes to locals by September, a government minister said on Wednesday.

Saviour Kasukuwere, the Indigenisation and Economic Empowerment Minister, told state television that many of the miners had submitted their proposals but… Continue

Added by GOXI on July 7, 2011 at 18:30 — No Comments

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