sharing in governance of extractive industries
Added by GOXI on September 27, 2010 at 12:24 — No Comments
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…Continue
Added by GOXI on September 23, 2010 at 14:38 — No Comments
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…
Added by GOXI on September 23, 2010 at 14:11 — No Comments
By Courtney Weaver, Financial Times
Published September 15, 2010
Added by GOXI on September 20, 2010 at 16:07 — No Comments
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…Continue
Added by GOXI on September 20, 2010 at 15:48 — No Comments
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…
Added by GOXI on September 16, 2010 at 15:14 — No Comments
Added by GOXI on September 14, 2010 at 16:30 — No Comments
Added by GOXI on September 14, 2010 at 16:00 — No Comments
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
The Department of Mineral Resources reviewed the charter five years after it was introduced in 2004, and held wide-ranging talks with mining…Continue
Added by GOXI on September 13, 2010 at 15:57 — No Comments
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…
Added by GOXI on September 13, 2010 at 15:51 — No Comments
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.
Added by GOXI on September 13, 2010 at 15:47 — No Comments
Added by GOXI on September 6, 2010 at 17:05 — No Comments
Added by GOXI on September 6, 2010 at 16:55 — No Comments
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
Added by GOXI on September 6, 2010 at 16:30 — No Comments