sharing in governance of extractive industries
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…Continue
Added by GOXI on December 29, 2010 at 16:09 — No Comments
Press Release No. 10/497
December 16, 2010
Added by GOXI on December 28, 2010 at 21:30 — No Comments
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”.…Continue
Added by GOXI on December 27, 2010 at 20:18 — No Comments
By Paul Krugman
Added by GOXI on December 27, 2010 at 20:05 — No Comments
By Ben Geman
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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:…Continue
Added by GOXI on December 14, 2010 at 17:38 — No Comments
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…Continue
Added by GOXI on December 14, 2010 at 17:18 — No Comments
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.…Continue
Added by GOXI on December 13, 2010 at 18:31 — No Comments
Added by GOXI on December 13, 2010 at 18:01 — No Comments
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…Continue
Added by GOXI on December 8, 2010 at 17:17 — No Comments
Added by GOXI on December 8, 2010 at 17:12 — No Comments
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…Continue
Added by GOXI on December 8, 2010 at 16:55 — No Comments
By Alexandra Mede…
Added by GOXI on December 8, 2010 at 16:48 — No Comments
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…Continue
Added by GOXI on December 8, 2010 at 16:16 — No Comments