News

Guebuza opens geology congress

10 September 2014
Mozambican President Armando Guebuza declared on Tuesday that the work done by geologists has contributed to improving the quality of life in the country.

IEA report notices progressive transparency and accountability

10 September 2014
The Institute of Economic Affairs (IEA) has reported that there is significant progress in enhancing transparency and accountability in the management of Ghana’s oil and gas resources in it Petroleum Transparency and Accountability (P-TRAC) index project.

Malabu-Like Deals Cost Nigeria, Other Developing Nations U.S.$1 Trillion Yearly - Report

9 September 2014
Nigeria and other developing nations in Africa and elsewhere, particularly those rich with natural resources, are losing about $1trillion annually to corruption perpetrated by their governments in collaboration with secret shell companies, report says.

Oil Theft - Messy Blame Game Continues As Nation Bleeds

9 September 2014
Nigeria's public treasury has continued to bleed as stakeholders trade blame over who is stealing oil in the country and what quantity is actually stolen.

ArcelorMittal: A Bargain Buy With An Uncertain Future

9 September 2014
ArcelorMittal is one of the world's biggest recyclers of scrap metal but that is not enough to source its enormous demand for raw materials.

Transparency in fiscal policies, contractual terms in extractive industries needed

9 September 2014
Following the recent significant discovery of natural gas in Tanzania, the country has emerged as a potential large gas producer in East Africa, generating substantial interest from citizens, civil society and politicians.

Bad Business

9 September 2014
Many investors remain sceptical of their ability to navigate Africa's often murky operational environments, where weak governance, regulatory failure and unstructured economies have created the conditions for corruption to thrive.

Oil Theft: IOCs Keep Mum As Stakeholders Trade Blame

9 September 2014
Shell and Chevron, two leading international oil companies(IOCs) active in Nigeria have maintained stoic silence over the declaration on Wednesday by the chief of naval staff, Vice-Admiral Usman Jibrin that oil companies are culpable in oil theft.

Agitating for More Transparency in Mining

9 September 2014
Reacting after a presentation made by Joseph Ogana, at the first training workshop for members of the Steering Committee of the Northern Zone Coalition conducted in Same, Kilimanjaro Region, the members were surprised that EITI reporting is voluntary.

Institute a mineral revenue management law

9 September 2014
Participants at a consultative forum held in Bolgatanga has called on Government to as a matter of urgency institute a law on mineral revenue and management to ensure accountability, transparency and equitable distribution of resources.

Does Afghanistan’s New Mining Law Benefit Its Mafias?

9 September 2014
After years of delay, Afghanistan's parliament finally passed a new mining law. Yet experts say the law lacks safeguards against corruption and is likely to facilitate the creeping control of the sector by actors that could threaten the state.

Seven more firms sign PH-EITI waiver

9 September 2014
Philippine Extractive Industries Transparency Initiative (PH-EITI) announced that seven additional companies have signed the waiver that would allow the disclosure of their tax and royalty declarations to the government.

Investment in solid minerals development remains low

9 September 2014
Government officials and other stakeholders have at various times claimed that a lot have been done to stimulate the sustainable development of the nation’s solid minerals sector. UDEME AKPAN here reports that the important sector remains underdeveloped.

Who are the oil thieves?

9 September 2014
A recent Wall Street Journal (WSJ) report that the United States government might have launched investigation into crude oil shipments from Saltpond platform, an oil facility off the coast of Ghana, should worry the Nigerian authorities.

More companies back transparency initiative

9 September 2014
More companies More companies back transparency initiative.

G20 Anti-Corruption Working Group Proposal for 2015-16 priorities

9 September 2014
Proposal submitted by T20 at the G20 Conference: Strengthening Accountability and Effectiveness’.

2014 Supplementary Appropriation Bill (No.2) introduced in Parliament

9 September 2014
The Minister of Finance and Treasury, Hon. Rick Hou has introduced the 2014 Supplementary Appropriation (No.2) Bill 2014 in Parliament yesterday.

MIC Gives New Onshore Investment Nod

9 September 2014
Myanmar Investment Commission (MIC) has recently given approval to two local and international companies to invest in onshore oil and gas blocks in late August.

In Myanmar, China's Scramble for Energy Threatens Livelihoods of Villagers

9 September 2014
In western Myanmar a Chinese-backed energy and trading hub is taking shape on a remote island.

Nigeria Oil Corruption A Tough Match For Government Transparency Initiative, Chairman Says

9 September 2014
Attempts to rein in corruption in Nigeria’s oil and gas sector are falling short, as the head of a government-run transparency initiative says officials have largely ignored his fact-finding reports and made it difficult to police the petroleum industry.

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