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GOXI's Blog – September 2010 Archive (14)

Nigeria's oil workers threaten strike (The Daily Trust)

By Mohammed Shosanya


Organised labour in the nation’s oil sector, Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) have threatened to shut down all oil and gas installations in the country over what they called “insensitive…
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Added by GOXI on September 27, 2010 at 12:24 — No Comments

China to invest $3 billion in Ghana's oil sector (The Accra Mail)

GHANA’S oil sector yesterday received a major boost when China agreed to invest $3 billion in that sector. The Comprehensive Finance Project Facility is earmarked for the development of infrastructure, upstream,

midstream and downstream of the country’s oil and gas sector.



An agreement to that effect was signed in China between Ghana and the China Development Bank and was witnessed by Presidents Hu Jintao and John Evans Atta Mills.



The Director of…

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Added by GOXI on September 23, 2010 at 14:38 — No Comments

Zimbabwe's gold sector at 40% capacity for lack of power, investment (Bloomberg)





Zimbabwe’s gold industry is operating at about 40 percent of capacity because of a shortage of power and investment, researcher GFMS Ltd. said.



Production is constrained by “the lamentably poor power supply situation and insufficient working and investment capital,” London-based GFMS wrote in a report released

yesterday. “Industry has been hit by random outages.”



Electricity supplier ZESA is only…

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Added by GOXI on September 23, 2010 at 14:11 — No Comments

First Quantum in legal action against ENRC

By Courtney Weaver, Financial Times

Published September 15, 2010

First Quantum Minerals has launched legal action against Eurasian Natural Resources Corporation, in an escalation of the dispute between the two London-listed groups over…

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Added by GOXI on September 20, 2010 at 16:07 — No Comments

Royal Bafokeng company heads for JSE (Mining Weekly)

By Martin Creamer

JOHANNESBURG (miningweekly.com) – New black-controlled platinum-mining company Royal Bafokeng Platinum (RBPlat) on Monday announced its intention to list on the JSE in the last quarter of 2010.

A Royal Bafokeng Holdings (RBH) subsidiary, RBPlat holds a 67% of the operating Bafokeng Rasimone Platinum Mine (BRPM), a joint venture with Anglo Platinum, which it has been operating since January.

"The investment case for RBPlat is…

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Added by GOXI on September 20, 2010 at 15:48 — No Comments

Zimbabwe Diamond Sales Held in Secret (SW Africa Radio News)

By Alex Bell



International diamond buyers who participated in a weekend auction of Zimbabwe’s stones, are believed to be bypassing the targeted sanctions placed on Mugabe’s inner circle, by having the sale in secret.

The auction went ahead over the weekend, but the Mines Ministry has refused to make any details of the sale public. Officials had said last week that future diamond sales in Zimbabwe would be

private affairs for the…

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Added by GOXI on September 16, 2010 at 15:14 — No Comments

"Lions on the Move": Extractive industries highlights from the McKinsey report on African economies

  • Classifies African economies into:
    • Oil exporters: Algeria, Angola, Chad, DRC, Equatorial Guinea, Gabon, Libya, Nigeria.
    • Pre-transition. .
    • Transition.
    • Diversified.
  • Africa's overall growth in the last decade is more than a resource boom.…
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Added by GOXI on September 14, 2010 at 16:30 — No Comments

Civil Society Guide for Ghana's Oil & Gas

ibisdoc214_a_brief_guide_for_civil_society_sep_2010_small.pdf
Document attached

Added by GOXI on September 14, 2010 at 16:00 — No Comments

South African mining charter review today (Business Day)

THE much-anticipated Mining Charter review, which is expected to refine the way the mining industry operates in SA, will be released by Mineral Resources Minister Susan

Shabangu
today.



The Department of Mineral Resources reviewed the charter five years after it was introduced in 2004, and held wide-ranging talks with mining…

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Added by GOXI on September 13, 2010 at 15:57 — No Comments

Vanoil Energy in search of oil in Kenya (Daily Nation)

Vanoil Energy Ltd is carrying out seismic survey to map potential sites for crude oil well drilling in block 3A in north eastern Kenya.



The Canadian firm said it has a budget of Sh3.68 billion ($4,6 million) for for the exercise expected to be completed by early next…

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Added by GOXI on September 13, 2010 at 15:51 — No Comments

Right mix of oil policies will benefit East Africa (The East African)

According to officials in Kampala, Uganda has made a decision to partner with Kenya in the development of an oil refinery in Mombasa.



This decision is welcome for two reasons. It gives regional partners a stake in Uganda’s oil sectorand also unlocks a key sticking point that has been holding up the programme.



Such a level of integration can only be good for regional peace and stability.



But…

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Added by GOXI on September 13, 2010 at 15:47 — No Comments

Banks grow weary of environmental risks (New York Times)

By Tom Zeller Jr.



Blasting off mountaintops to reach coal in Appalachia or churning out millions of tons of carbon dioxide to extract… Continue

Added by GOXI on September 6, 2010 at 17:05 — No Comments

Tullow: "We will deliver the oil on schedule." (Ghana News Agency)

Mr Dai Jones, President and General Manager of Tullow Oil, has said the

scheduled production of oil from the jubilee fields by December this

year, would never fail.



“We have promised the people and government of Ghana that we will deliver crude oil before the end of the

year.” he emphasized. “All the necessary measures have been put in

place to ensure the smooth flow of oil.”



Mr Jones was responding to the appeal of the Asantehene, Otumfuo Osei Tutu II,… Continue

Added by GOXI on September 6, 2010 at 16:55 — No Comments

Business Day: Zuma's nephew sells rights to DRC oilfields

By Tim Cohen



PRESIDENT Jacob Zuma ’s nephew Khulubuse Zuma is reliably understood to have sold on his

disputed rights — thought to be worth tens of millions of dollars — to

oilfields in the Democratic Republic of Congo, only four months after

gaining them in a controversial battle with Tullow Oil, a UK prospector

and oil…

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Added by GOXI on September 6, 2010 at 16:30 — No Comments

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