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石油 / 矿业在Africa

  • Egyptian investment firm Qalaa Holdings is confident its new refinery

    EGYPT, 2016/05/27 Egyptian investment firm Qalaa Holdings is confident its new refinery will cut the country's dependence on crucial oil product imports, particularly as a weaker currency and rising crude prices force the government to reduce its energy bills. The $3.7 billion Egyptian Refining Co (ERC) will have the capacity to produce 4.2 million tonnes of refined products annually, which ERC will sell to national-controlled Egyptian General Petroleum Corporation (EGPC) at international prices under a 25-year agreement.

  • Mozambique seeks investors interested in graphite processing in Ancuabe

    MOZAMBIQUE, 2016/05/17 The graphite processing plant in Ancuabe, northern Mozambique, will be reactivated, and Mozambique is seeking an investor for the project, said Thursday in Balama the President of Mozambique.

  • Kampala’s decision a blow for Kenya’s oil ambitions in eastern Africa, although presidents say they will continue to work together on oil projects

    KENYA, 2016/05/13 Uganda is to route its oil exports through Tanzania next a statement found the country was a cheaper and additional fasten option than its other east African neighbour Kenya. Uganda is to use Tanga, a seaport city about 200km north of Dar es Salaam, to export its crude oil, rather than Lamu in Kenya. The announcement was made last month at the East African Community (EAC) summit held just outside Uganda’s capital, Kampala.

  • Beyond Commodities: How African Multinationals Are Transforming

    BOTSWANA, 2016/05/11 Oil, gold, diamonds, palm oil, cocoa, timber: raw materials have long been linked to Africa in a lot of businesspeople’s minds. And in fact the continent is highly dependent on commodities: they constitute as much as 95% of some nations’ export revenues, according to the United Nations Conference on Trade and Development. But propping a country’s entire economy on commodities is risky business, like building a mountainside home on stilts. You can’t be sure about the weather, or in this case the commodities market. The current free-fall of oil prices to less than $40 a barrel is a glaring example. “The commodities cycle has tanked out,” says Austin Okere, founder of Computer Warehouse Group (CWG), a Nigerian emerging multinational financial services company. “And this time it looks additional structural than cyclical, so it’s not a matter of waiting it out. Something has to give.”

  • Freeport-McMoRan to Sell African Mining Stake for $2.7 Billion

    CHINA, 2016/05/10 Freeport-McMoRan Inc. agreed Monday to sell its stake in an African copper operation to a Chinese mining-and-processing firm for $2.65 billion, as the Phoenix-based miner looks to pay down deficit amid a stream of similar moves by large miners. Freeport, the biggest U.S. mining company by market price, said it would sell its interests in TF Holdings Limited, a Bermuda holding company that not instantly owns an 80% interest in the Tenke Fungurume mine in the Democratic Republic of the Congo, to China Molybdenum Co. Freeport has a 70% stake in TF Holdings, and an effective 56% interest in Tenke. The move comes as uneven world economic increase raises concerns over request for and prices of commodities inclunding copper, which has fallen in price over the last year by 27% to $2.10 a pound and has stagnated so far this year. Weak prices are pushing some of the world’s biggest miners to sell assets and shore up their deficit-burdened balance sheets as they contend with heavy losses.

  • Nigeria: Output Freeze - Opec to Resume Talks in June, Sidelines Non-Member Countries

    NIGERIA, 2016/04/21 The Organisation for Petroleum Exporting Nations (OPEC) plans to resume oil output-freeze talk next its members and non-OPEC nations failed to reach a transaction last Sunday in Doha, Qatar. Iraq's governor to OPEC, Falah Al-Amri said on his Facebook page, that discussions would resume in June at OPEC's general conference, to reach an agreement on freezing oil output. His statement came just days next politics thwarted a transaction to cap production and curb the world glut. No transaction will be possible without a change in "political positions," he said.

  • Sherritt’s Madagascar unit says new tax rules prevent nickel shipments

    MADAGASCAR, 2016/04/16 The Madagascan arm of Sherritt International said on Thursday containers carrying nickel had been prevented from leaving the island’s Toamasina port due to new regulations, and unless the situation changed the mine could only remain open for a week. The $7-billion Ambatovy mining project, 40 % owned and operated by Sherritt, has been hit by record low nickel prices and management has been forced to lay off additional than 1,000 of its work force over the completed year.

  • Barrick Gold subsidiary evaded Tanzanian taxes

    TANZANIA, 2016/04/16  

  • Nigeria's oil company offers to discuss revenue retention claims

    NIGERIA, 2016/04/04 Nigeria's national oil company has offered to talk to an international watchdog that says it failed to hand over billions of dollars in oil revenues despite government promises to tackle mismanagement and corruption. President Muhammadu Buhari last year fired senior staff at the Nigerian National Petroleum Corporation (NNPC) and approved a revamp of its structure last month.

  • Nigeria launches restructuring of oil sector

    NIGERIA, 2016/03/31 Far-reaching and long-awaited plans aimed at reforming Nigeria’s oil industry are gathering pace, though they have met with resistance from some stakeholders. Nigeria’s flagship hydrocarbons industry – which produces an average of 1.95m barrels per day as of January, accounting for two-thirds of government revenue and 90% of export earnings – has been targeted for reform for several years, with draft legislation in the works since 2007. However, the drop in world energy prices has accelerated the pace of reforms earmarked for the Nigerian National Petroleum Corporation (NNPC).
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