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GOXI's Blog – November 2010 Archive (18)

Ghana: Oil find mired in controversy - The Chronicle

Even before the first drum of oil drops out of the Jubilee Fields, red-hot controversy is threatening the welcome news. The ruling National Democratic Congress (NDC) apparently, believes that the oil money could be used as collateral to contract huge loans for “infrastructural development.”

Consequently, the party leadership in Parliament is pushing for an amendment in the Petroleum Management Bill to pave way for the oil money to be…

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Added by GOXI on November 30, 2010 at 23:00 — No Comments

Nigeria: EFCC frees Halliburton staff as probe continues - This Day

By Joseph Ushigiale in Lagos and Kingsley Nweze in Abuja with agency report, 11.29.2010

The Economic and Financial Crimes Commission (EFCC) has said employees of United States oilfield services group Halliburton arrested last week in a bribery case have been freed, but must stay in the country pending further investigations.



EFCC detained 10 Nigerian and expatriate Halliburton staff for…

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Added by GOXI on November 30, 2010 at 22:45 — No Comments

Peru to debate doubling mining royalties - Mineweb

Peru's ruling APRA party is trying to get a bill through Congress that would double royalties paid by mining companies as part of an effort to lift fiscal revenues in the country at a time of high metals prices.

The bill, presented to the head of Congress this week, would raise the levy on mineral sales to between 2 percent and 6 percent of the gross sales amount. The range is currently between 1 and 3 percent. At the same time, copper would be charged a royalty of 5 percent and…

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Added by GOXI on November 30, 2010 at 22:18 — No Comments

CRS outlines tools to slow down Dodd-Frank Law - Center for Public Integrity

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Added by GOXI on November 25, 2010 at 14:31 — No Comments

Kenya on the cusp of geothermal energy boom - The East African

The dominance of Chinese firms in exploration of geothermal energy in Kenya is set to end as East Africa’s largest economy rolls out an aggressive programme to acquire its own rigs and to develop expertise.



Kenya has become a leading global hotspot in geothermal exploration as the government continues to invest heavily in clean energy to both reduce its over-reliance on hydroelectricity and diesel powered plants.



Chinese companies in the past five years have won most… Continue

Added by GOXI on November 25, 2010 at 14:00 — No Comments

Shell: MEND's attack threatens deliveries - This Day

Crude oil deliveries for Nigeria’s benchmark Bonny Light grade will be affected in November through to January, following the force…

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Added by GOXI on November 25, 2010 at 13:57 — No Comments

South Africa's NUM changes stance on nationalization

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Added by GOXI on November 25, 2010 at 4:23 — No Comments

Yemen brings EITI reporting to the Middle East region

an EITI Report in the most resource-rich region in the world, the Middle East. To publish this report, the stakeholders in Yemen are making a significant stride in addressing the distrust and tension that has characterised the oil sector. The EITI in Yemen is building a platform for a better future for the management of its oil”.

Available:…

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Added by GOXI on November 23, 2010 at 18:43 — No Comments

[First Quantum] 'almost certainly' victim of corruption - BBC World Service

The president of… Continue

Added by GOXI on November 17, 2010 at 18:00 — No Comments

Nigeria: Production drops as rebels hit Mobil facility (AllAfrica.com)

Lagos — Nigeria has recorded further reduction in its crude oil… Continue

Added by GOXI on November 17, 2010 at 0:58 — No Comments

Nigeria: Mend rebels claim Exxon kidnapping (RFI)

Nigeria's Movement for the Emancipation of the Niger Delta (Mend) has claimed responsibility for the kidnapping of seven oil workers in a raid on…

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Added by GOXI on November 17, 2010 at 0:50 — No Comments

Diamond investors expected next week [in Zimbabwe] - The Herald (government newspaper)

By Peter Matambanadzo

A high-powered delegation of diamond investors from more than 24 companies and two banks who are members of the Antwerp World Diamond Centre and International Diamond Trade in Belgium is expected in Zimbabwe next week.



The delegation comprises the Antwerp Diamond Bank, the State Bank of India and officials from 24 renowned diamond companies AWDC representatives.



They will hold talks with Mines and Mining Development…

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Added by GOXI on November 10, 2010 at 19:38 — No Comments

"Women unsuited for oil sector jobs" - Ghanaian MP (Citi FM)

The chairman of the Parliamentary Select

Committee on Energy and Mines, Moses Asaga, and the lead geologist of

the Ghana National Petroleum Corporation Lawrence Apaalse have advised

Ghanaian women to forget about looking for jobs in the oil and gas

sector because they are unsuited for the rigours of the job.



Speaking at a round table on gender and the petroleum industry on

Wednesday, October 27, Mr. Asaga, who is also MP for Nabdam,…
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Added by GOXI on November 10, 2010 at 3:43 — No Comments

Canada's mining sector more exposed to fraud and corruption - Ernst & Young via Mineweb

Below is mineweb's summary of the ernst & young report: http://www.ey.com/CA/en/Newsroom/News-releases/2010-Mining-fraud



RENO -

An Ernst & Young report made public Tuesday asserts, "The global financial crisis has weakened mining and…

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Added by GOXI on November 3, 2010 at 14:13 — No Comments

EITI board nominates Clare Short as Chair

The EITI Board agreed at its meeting in Dar es Salaam on 20 October to nominate Clare Short as its candidate for the next EITI Chair to its Global Membership Meeting on 1 March 2011.



For further information, contact the Head of the EITI Secretariat, Jonas Moberg.



Available:…

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Added by GOXI on November 3, 2010 at 13:25 — No Comments

Togo accepted as EITI candidate

Togo has been admitted as a Candidate country within the Extractive Industries Transparency Initiative (EITI), the global standard for improved transparency in the

oil, gas and mining sector. The EITI Board approved Togo candidacy application at a meeting on 19 October in Dar-es-Salaam, Tanzania.



In implementing the EITI, the government of Togo commits to…

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Added by GOXI on November 3, 2010 at 13:08 — No Comments

Congo Says Talks With BHP Billiton on Inga 3 Power Plant Are Very Advanced (Bloomberg)

By Michael J. Kavanagh and Jesse Riseborough…



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Added by GOXI on November 1, 2010 at 0:00 — No Comments

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