Regulation

Governance around extractives and energy

Guinea losing patience with Rio Tinto

Guinea losing patience with Rio Tinto

Guinea is stuck in a painful marriage with Rio Tinto Group. Business Day reports that the West African nation is unhappy that Rio is taking so long to develop Simandou, the world’s largest untapped iron-ore deposit. But with a $20bn bill and prices near a seven-year low making major companies rein in spending, it is difficult […]

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Nigeria oil JVs to control budgets

Nigeria oil JVs to control budgets

Nigerian President Muhammadu Buhari has taken his first steps towards overhauling the troubled state oil firm by giving its exploration joint ventures control over their own budgets as a way to overcome chronic cash shortages, reports Reuters Africa. Corruption and mismanagement at the Nigerian National Petroleum Corporation have hampered an industry that provides 70 percent […]

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Former Nigeria oil minister arrested

By on October 26, 2015 in Civil Society, Politics, Topical Issues with 0 Comments
Former Nigeria oil minister arrested

Nigeria has confirmed the arrest in London of former oil minister Diezani Alison-Madueke on suspicion of bribery and money laundering. ‘Nigeria is aware of the arrest of the former petroleum minister in London on money laundering charges,’ presidential spokesman Garba Shehu is quoted in Yahoo News report as saying. ‘The government has been informed and […]

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Seeking clarity on Zimbabwean mining tax

By on March 2, 2015 in Mining, Regulation, Taxation with 0 Comments
Seeking clarity on Zimbabwean mining tax

Aquarius Platinum is seeking clarity from the Zimbabwean government on a tax that could derail an $82m expansion project at the Mimosa mine it shares with Impala Platinum . Business Day reports that the Zimbabwean government tabled an export tax of 15% on revenue in 2013 to force mining companies to beneficiate their minerals in the country. […]

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Zambia: Reverse of mining tax decision may be too late

By on February 26, 2015 in Mining, Taxation with 0 Comments
Zambia: Reverse of mining tax decision may be too late

Plans by Zambia’s new president to reverse a hike in mining royalties may come too late to revive investment in the sector, with confidence among foreign mining companies shaken and neighbouring Democratic Republic of Congo looking a potential better bet. Engineering News reports that eager to fill a hole in its finances, the government said last […]

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Africa’s Energy potential continues to grow

By on February 24, 2015 in Home, Mining, Oil & Gas, Power, Regulation, Renewables with 0 Comments
Africa’s Energy potential continues to grow

Africa had the potential to be one of the biggest providers of energy in the world, but was still seen as a ‘good for nothing’ continent, particularly with regard to USinvestment, World Energy Council (WEC) Africa vice-chair Bonang Mohale is quoted in a Polity report as saying. Addressing delegates at the recent Africa Energy Indaba […]

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Stable regulatory environment needed for Kenyan gas

By on November 5, 2014 in Policy with 0 Comments
Stable regulatory environment needed for Kenyan gas

Kenya needs to focus on providing a competitive and stable fiscal environment to fully exploit its offshore gas industry and attract investors ahead of Mozambique and Tanzania, says an analyst with research and consulting firm GlobalData. Reece Straker, GlobalData’s upstream oil and gas analyst, says while Kenya lags behind Tanzania and Mozambique in terms of […]

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Regulatory uncertainty discouraging investment in mining

By on October 28, 2014 in Policy, Regulation with 0 Comments
Regulatory uncertainty discouraging investment in mining

Tanzania’s mining industry is currently facing several key challenges, including the need to attract investment for exploration in a difficult financial climate, compounded by regulatory uncertainty discouraging additional investment. A Mining Weekly report says director of law firm Norton Rose Fulbright Tanzania, Adam Lovett attributes these challenges to the risk associated with investment that cannot […]

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Chinese labour not wanted in Zimbabwe, minister warns

By on October 27, 2014 in Generation, Policy, Regulation with 0 Comments
Chinese labour not wanted in Zimbabwe, minister warns

Zimbabwe’s Energy Minister Dzikamai Mavhaire has warned a Chinese company which was handed a $1.5bn contract to boost electricity generation in the country against bringing labourers from Beijing. New Zimbabwe reports that Mavhaire was speaking at the conclusion of the deal with Chinese company Synohydro for the addition of two new units at the coal-fired […]

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Kenya’s central government against local taxation plans

By on October 24, 2014 in Mining, Regulation, Taxation with 0 Comments
Kenya’s central government against local taxation plans

Plans by local authorities along Kenya’s coast to introduce new taxes on mining and oil exploration is facing resistance from the country’s central government, reports Mining Weekly. Kwale, Lamu and Taita Taveta counties along Kenya’s Indian Ocean coastline have proposed the new taxes on investors exploiting minerals, gas and oil in these areas. The counties […]

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