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GOXI's Blog – August 2011 Archive (6)

Namibia Withdraws Proposal to Raise Mining Tax Rate to 44%, Minister Says - Bloomberg

Change of heart? The original article is available at http://bloom.bg/qh25Bf

Namibia, the world’s biggest miner of offshore diamonds, has withdrawn a proposal to increase the corporate tax rate on mining companies to 44 percent from 37.5 percent, Deputy Finance Minister Calle Schlettwein said.

The government will instead propose a windfall tax when…

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Added by GOXI on August 25, 2011 at 11:01 — No Comments

Zimbabwe puts foreign firms on 14-day notice - Daily Nation

Below is a piece from Daily Nation newspaper about Zimbabwe's indigenization law. The original story is available at http://bit.ly/naw1uU

 

By Kitsepile Nyathi

Zimbabwe has given…

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Added by GOXI on August 25, 2011 at 10:52 — No Comments

What Conflict Minerals Legislation Is Actually Accomplishing in Congo - Sasha Lezhnev in Huffington Post

Ending the world's deadliest conflict is no easy task, but a growing consensus of Congolese civil society, electronics and metals companies, investors, and governments are now taking action to do so. A chief driver of their work is the Dodd-Frank legislation on conflict minerals, which is why a …

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Added by GOXI on August 11, 2011 at 13:46 — 4 Comments

How Congress devastated Congo - New York Times

IT’S a long way from the marble halls of Congress to the ailing mining towns of eastern Congo, but the residents of Nyabibwe and Nzibira know exactly what’s to blame for their economic woes.

The “Loi Obama” or Obama Law — as the …

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Added by GOXI on August 8, 2011 at 14:07 — 3 Comments

Madagascar grants Total licence extension - Reuters

(Reuters) - Madagascar has given French oil major Total a one-year extension of an exploration licence and expanded it to include conventional oil as well as heavy oil, a senior official told Reuters on Thursday.

The license for Block 3102 covers the Bemolanga project in the Morondava basin on the western coast of the Indian Ocean island. Total has a 60 percent interest in the licence, with Madagascar Oil holding the other 40 percent.

"Total Exploration and Production has…

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Added by GOXI on August 4, 2011 at 15:31 — No Comments

Italian oil company, Eni strikes oil in Ghana - Ghana Business News

By Ekow Quandzie

Italian oil explorer, Eni S.P.A says it has discovered hydrocarbon at offshore Ghana at the Gye Nyame 1 well. The well is located Offshore Cape Three Point (OCTP) block 50km offshore Ghana.…

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Added by GOXI on August 4, 2011 at 15:26 — No Comments

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