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GOXI's Blog – December 2010 Archive (23)

Israeli diamond trader banned for 'blood diamond' link - BBC

An Israeli diamond trader has been expelled from the Israel Diamond Exchange after he was suspected of smuggling "blood diamonds" into Israel.

David Vardi was arrested in connection with a consignment of $140,000 (£92,000) of Zimbabwean stones, whose exports the Kimberley Process bans.

The Process was set up in 2002 after the diamond trade was accused of fuelling war in Africa.

Its rules, by which 75 countries abide, include certifying a diamond's…

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Added by GOXI on December 29, 2010 at 16:09 — No Comments

IMF launches trust fund to help countries manage their natural resource wealth - Press Release

Press Release No. 10/497

December 16, 2010

 …

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Added by GOXI on December 28, 2010 at 21:30 — No Comments

EITI board decides EITI status of eight countries

In recognition of their progress in implementing the EITI, the EITI Board has concluded that Kazakhstan, the Democratic Republic of Congo, Mali, Mauritania, Niger, Peru are Candidate countries that are “close to compliance”.…

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Added by GOXI on December 27, 2010 at 20:18 — No Comments

The finite world - New York Times

By Paul Krugman

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Added by GOXI on December 27, 2010 at 20:05 — No Comments

New House Financial Services chief may target Cardin-Lugar provisions - The Hill

By Ben Geman



Incoming House Financial Services Committee Chairman Spencer Bachus (R-Ala.) may take aim at a provision tucked into the Wall Street reform law that forces oil and mining companies to disclose specific, project-level information about payments to foreign governments.…
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Added by GOXI on December 27, 2010 at 20:00 — No Comments

Cheney-Halliburton pays $35m - This Day

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Added by GOXI on December 23, 2010 at 0:44 — No Comments

Ghana's first oil, as reported by the Ghanaian press

President Mills touches down on FPSO Kwame Nkrumah as Ghana celebrates oil find - Joy FM: http://news.myjoyonline.com/news/201012/57595.asp

Oil unites JJ & Kufour - The Chronicle:…

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Added by GOXI on December 15, 2010 at 16:41 — 1 Comment

The struggle underground - The Africa Report

Written by Patrick Smith in Accra

New discoveries and rising demand from Asian economies are encouraging African governments to adopt…

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Added by GOXI on December 14, 2010 at 17:38 — No Comments

Sudan's North and South sign agreement on securing oil fields

December 6, 2010 (KHARTOUM) – The Sudan Armed forces (SAF) and the Sudan People Liberation Army (SPLA) on Monday signed a framework agreement on securing oilfields and related infrastructure in the…

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Added by GOXI on December 14, 2010 at 17:18 — No Comments

Why We Might Fight, 2011 Edition - A New York Times special on natural resources and America's national security

BY THOM SHANKER

Countries thirst for oil, compete for minerals and confront climate change. The American military, with surprising allies, worries that these issues represent a new source of conflict.…

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Added by GOXI on December 13, 2010 at 18:31 — No Comments

Retailers fight to escape "Conflict Minerals" law - Wall Street Journal

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Added by GOXI on December 13, 2010 at 18:01 — No Comments

Newcrest halts Ivory Coast mine, Randgold mulls unrest - Bloomberg

Newcrest Mining Ltd., Australia’s largest gold mining company, suspended operations at its Bonikro mine in Ivory Coast on the weekend because of political unrest. Randgold Resources Ltd. said it’s monitoring the situation.

The mine, located near Hire about 250 kilometers (155 miles) northwest of the commercial capital of Abidjan, produces about…

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Added by GOXI on December 8, 2010 at 17:17 — No Comments

Gold likely to hit $1,600 in 2011 - Credit Suisse (via Mineweb)

Many of the factors that have pushed gold higher over the course of 2010 are expected to continue into 2011, which should see gold prices trading as high as $1,600 before year-end.

This is the view of Tom Kendall, Vice President for commodities research at Credit Suisse. Speaking on Mineweb.com's Gold Weekly podcast, Kendall said the bank remains rather bullish about gold's prospects for 2011 but, he wouldn't be surprised if things quieten down in the run-up to the new…

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Added by GOXI on December 8, 2010 at 16:55 — No Comments

Nigeria's EFCC files 16 charges against Cheney, others - Daily Independent

By Alexandra Mede…

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Added by GOXI on December 8, 2010 at 16:48 — No Comments

First Quantum Minerals sues Eurasian National Resources Corporation over Kolwezi dispute - Dow Jones (via Reuters)

Dow Jones reported that First Quantum Minerals Limited has sued Eurasian Natural Resources Corporation for $2 billion over a disputed purchase of a copper mine, according to Sunday Times. The suit is the first public airing of a long-running despite in which First Quantum Minerals Limited alleges Eurasian Natural Resources Corporation bought the Kolwezi cobalt mine in the Democratic Republic of Congo for less than its value after it was repossessed by the government last year, the newspaper…

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Added by GOXI on December 8, 2010 at 16:16 — No Comments

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