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GOXI's Blog – August 2010 Archive (25)

FT: Review of Ghana oil contract holds up funding

Available: http://bit.ly/cL3403 ;

Added by GOXI on August 9, 2010 at 13:56 — No Comments

New York Times: Trying to Spread Africa's Wealth

NICE , France— In years past, Africa was always the outsiders’ cornucopia, the font of gold and diamonds, slaves and minerals, cotton

and rubber and, more latterly, oil.



These days, the continent’s riches draw a new cast of prospectors and predators, but the question is the same: who benefits — the people, or a

coterie of political and military elites that has sunk deep roots in

Africa’s postcolonial loam, fed and watered by foreign powers…

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Added by GOXI on August 2, 2010 at 15:06 — No Comments

Guinea hopeful Rio deal will seal iron-ore project

CONAKRY – A deal between Rio Tinto and Aluminum Corp of China could speed up development of Guinea's Simandou iron-ore deposits, but the government of the West African state has not yet approved it, Mines

Minister Mahmoud Thiam told Reuters.



Aluminum Corp of China, known as Chalco, signed a $1,35-billion deal with Australia-based Rio last week for the project, which Rio claims is the world's largest undeveloped deposit of iron…

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Added by GOXI on August 2, 2010 at 13:27 — No Comments

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