sharing in governance of extractive industries
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…Continue
Added by GOXI on July 28, 2011 at 9:20 — No Comments
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…Continue
Added by GOXI on July 28, 2011 at 9:00 — No Comments
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…
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…Continue
Added by GOXI on July 21, 2011 at 4:27 — No Comments
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