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GOXI's Blog – September 2011 Archive (15)

Central African Republic (CAR) calls for peace and calm - News24

Bangui - The Central African Republic government called for calm and promised to do its utmost to restore peace on Monday after the latest incident in a conflict over diamonds killed seven people.



The centre of the country has been rocked by a recent outbreak of fighting between rival armed groups vying for control over diamond mines that has killed 50 people in around two weeks.



The military said on Sunday that rebels of the Convention of Patriots for Justice and Peace…

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Added by GOXI on September 29, 2011 at 5:14 — No Comments

Kenya: Total joins five Lamu basin offshore blocks - Oil&Gas Journal

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Added by GOXI on September 22, 2011 at 16:22 — No Comments

Venezuela Decrees Nationalization of Nation’s Gold Industry - Bloomberg Businessweek

Sept. 19 (Bloomberg) -- Venezuelan President Hugo Chavez ordered the nationalization of the gold industry and gave companies 90 days to form joint ventures with the state as he seeks to boost control over the nation’s metals producers.…

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Added by GOXI on September 22, 2011 at 16:19 — No Comments

Mongolia wants bigger stake in gold, copper mine - AP

ULAN BATOR, Mongolia (AP) — Mongolia's government is demanding a bigger stake in the massive gold and copper mine it is developing in conjunction with mining companies Rio Tinto and Ivanhoe.

A statement released by the government this week says the Cabinet had asked the ministers of finance and minerals to re-negotiate an investment agreement signed in 2009 in an effort to increase Mongolia's stake…

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Added by GOXI on September 22, 2011 at 16:03 — 1 Comment

OPEC recognizes Libya's opposition NTC - Oil&Gas Journal

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Added by GOXI on September 22, 2011 at 15:34 — No Comments

Guinea asks China to build 340MW Power Plant - Reuters

By Saliou Samb



CONAKRY, Sept 18 (Reuters) - Guinea has asked state-owned China Power Investment (CPI) to build a 340 MW coal-fired power plant in the electricity-starved west…

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Added by GOXI on September 22, 2011 at 15:28 — No Comments

Western Africa Sees $36.2 Billion Mining Rush - Industrial Info Resources

SUGAR LAND--September 16, 2011--Researched by Industrial Info Resources (Sugar Land, Texas)--The 15 countries that comprise the Economic Community of West African States (ECOWAS) are experiencing an influx of foreign investment capital from Asian mining companies that are hoping to procure mineral resources to sustain the rapid economic growth occurring in their home countries, particularly in India and China.



Mining companies including Azumah Resources Limited (ASX:AZM) (West…

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Added by GOXI on September 22, 2011 at 15:23 — No Comments

GOXI Film Festival: August 5 to September 30

From August 5 to September 30, we invite you to review 9 films that deal with the extractive industries. Out of many films kindly submitted by GOXIans, we have chosen 9. For each film, we will have a principal reviewer. In addition, we ask you to watch them and submit your review about the art of the film…

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Added by GOXI on September 21, 2011 at 17:00 — 1 Comment

Zimbabwe softens tone with foreign miners - Reuters

By Nelson Banya and MacDonald Dzirutwe               

HARARE, Sept 14 (Reuters) - Zimbabwe ministers said the country would not suspend any mining permits and that exceptions may be made to laws requiring foreign miners to give majority stakes to locals, bringing relief but no clarity to a policy that has alarmed investors.     

The remarks by the mines minister and the empowerment minister at a mining conference come after most foreign operators appear to have bowed to…

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Added by GOXI on September 15, 2011 at 14:28 — No Comments

Guinea Adopts New Mining Code That Gives State 35% Stake - Bloomberg

Lawmakers in Guinea, the world’s biggest exporter of bauxite, adopted a new mining code that will give the West African nation a 35 percent stake in commodity companies.

“The code gives a correction to the old one for Guinea’s interests,” Mines Minister Lamine Fofana told reporters after the policy was approved by members of the…

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Added by GOXI on September 15, 2011 at 14:22 — No Comments

New Botswana deal cools Anglo-De Beers relations - Business Day

This piece by Tim Cohen is taken from South Africa's Business Day. See the original article at http://www.businessday.co.za/articles/Content.aspx?id=152528

 

COULD Anglo American ever sell its stake in De Beers? The conventional wisdom up to now is that this could never happen. Anglo and De Beers have been joined at the hip for more than a century.

Yet the core of a dispute between the…

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Added by GOXI on September 8, 2011 at 16:00 — 1 Comment

Nigeria sees first iron ore output in 2012 - Vanguard

Nigeria expects the first significant iron ore production next year from its Itakpe iron ore deposits as it looks to reduce its dependence on oil and gas revenues, Dr Olusegun Aganga disclosed in Australia over the weekend.…

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Added by GOXI on September 8, 2011 at 15:46 — No Comments

Guinea transitional council debates draft mining code - Reuters

CONAKRY, Aug 31 (Reuters) - Guinea's draft mining code, in which the government plans to more than double its stake in mining projects, has been sent to the country's transitional law-making body for debate and adoption, a member of the council said on Wednesday.

 "The mining code is currently confidential. We have the next 10 days to debate it," council member Amadou Camara said.  A copy of the draft code seen by Reuters in April said the West African country, the world's top bauxite…

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Added by GOXI on September 1, 2011 at 12:19 — No Comments

South Africa: Beneficiation to affect new mining licences - Business Live

Mining licences will in future be granted with attached conditions, to ensure a supply of raw material for local industries seeking to further refine, or beneficiate, the extracted minerals, MPs heard on Tuesday.

Briefing members of Parliament's economic development select committee on government's beneficiation strategy, mineral resources chief director Siyabonga Ndabezitha said there was a need to do things differently.

"In the past, when we issued mining rights and licences,…

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Added by GOXI on September 1, 2011 at 12:11 — No Comments

State-owned diamond [company] in Ghana handed over to private investor - Xinhua

Below is a story from Xinhuanet. The original article is available at http://bit.ly/qZEWgY

By Justice Lee Adoboe

ACCRA, Aug. 23 (Xinhua) -- The Ghana government handed over the state-owned Ghana Consolidated Diamonds (GCD) to a new investor, Great Consolidated Diamond Ghana Ltd (GCDGL), at a ceremony held on…

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Added by GOXI on September 1, 2011 at 5:00 — No Comments

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