sharing in governance of extractive industries

GOXI's Blog – August 2010 Archive (25)

Tullow loses money and rights as oil deal goes bust (The East African)

By Michael Wakabi…


Added by GOXI on August 30, 2010 at 12:50 — No Comments

"Tanzania mining regime still favourable"

From The Citizen: ttp://www.thecitizen.co.tz/news/4-national-news/3775-tanzania-mining-regime-still-favourable-survey.html…


Added by GOXI on August 30, 2010 at 12:13 — No Comments

AllAfrica.com: Liberian government signs up Chevron as oil exploration partner

Available:… Continue

Added by GOXI on August 30, 2010 at 11:52 — No Comments

BBC's six steps to survival for Chilean miners

1. Having contact with loved ones.

2. Enduring the heat.

3. Keeping active.

4. Identifying leaders and allocating tasks.

5. Keeping the truth from them.

6. Avoiding infections.

Details available: http://www.bbc.co.uk/news/magazine-11071151

Added by GOXI on August 26, 2010 at 11:38 — No Comments

The Namibian: Country could become largest uranium producer


THE envisaged higher uranium production in Namibia would catapult the country from fourth place to the largest producer in the world, a new study on this sector reveals.

Assuming all other countries' uranium production remains constant over the next years, Namibia will produce around 32 per cent of the world uranium, the strategic environmental assessment of the central

uranium rush said. It was published online on…


Added by GOXI on August 23, 2010 at 12:01 — No Comments

The Herald: Zimbabwe's mining sector poised for growth

By Tawanda Musarurwa

ZIMBABWE could experience significant growth in its mining industry by the close

of 2010 as indicated by the number of sector expansion projects on the

cards, but only on the basis of re-entrenching key macro-economic

fundamentals and strengthening of capacity recovery.

Growth of the mining sector has this year somewhat circumvented impediments in the…

Added by GOXI on August 23, 2010 at 11:46 — No Comments

Rwanda protests new US mineral policy

From East African Business Week

KIGALI, RWANDA- The short period the US has given countries to prove their minerals are

not from Democratic Republic of Congo (DRC) will disrupt supply and hurt

economies, a Rwandan geologist has said.

On July 20, 2010, the US President passed the Dodd-Frank Wall Street Reform and Consumer Protection… Continue

Added by GOXI on August 23, 2010 at 10:54 — No Comments

African Manager: New EITI report highlilghts "gaps" in DRC's mining revenues

A new report has implicated DR Congo's Public Treasu ry in a "gap" noted

in funds disbursed in 2007 by mining and oil extraction comp a nies

operating in the country, PANA learnt here Tuesday.

The report of the Extractive Industries Transparency Initiative (EITI), issued M

onday, noted there was a gap of nearly five per cent on the 2007 fiscal

and para - fiscal revenues, compared to those declared by companies at

the Congolese Public… Continue

Added by GOXI on August 19, 2010 at 19:59 — No Comments

AllAfrica: How Obasanjo, Sirleaf-Johnson Betrayed Taylor--Fani-Kayode

Abuja — Amidst controversy over the ongoing trial of former Liberian president, Charles Taylor, at the International Court of Criminal Justice, The Hague, Chief Femi Fani-Kayode, former presidential

spokesman, has described Taylor as "a man betrayed".

Fani-Kayode, a former minister of Aviation, who blamed his former boss, Chief Olusegun Obasanjo, Liberian president Sirleaf-Johnson and the United States for Taylor's present predicament said, "This was…


Added by GOXI on August 19, 2010 at 18:06 — 2 Comments

CNN: Will Uganda benefit from the country's new oil find?

Kampala, Uganda (CNN) -- The recent oil discovery in Uganda could signal an influx of unprecedented wealth for a country where more than a third of the population lives below the poverty line.

With proven reserves of two billion barrels, the east African state could soon become an important oil exporter and potentially attract major

foreign investments.

The biggest international player is Tullow Oil, a British-Irish firm that has signed contracts with…


Added by GOXI on August 19, 2010 at 17:01 — No Comments

NYT: BHP Billiton Makes Hostile Bid for Potash

BHP Billiton, the world’s largest mining company, said Wednesday that it would take its nearly $40 billion cash offer for the Potash Corporation of Saskatchewan directly to the shareholders, a day after the Canadian fertilizer company rejected the bid, The New York Times’s Ian Austen…


Added by GOXI on August 18, 2010 at 11:00 — No Comments

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…


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.…


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…

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…


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…


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…

Added by GOXI on August 9, 2010 at 14:08 — No Comments

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