Oil Spill - BP to Pay U.S.$18.7 Billion in 18 Years

Thursday, July 2, 2015

The Gulf Coast states and the United States Government have reached a tentative settlement with British oil company, BP, to pay about $18.7 billion over 18 years, to compensate for damages from the 2010 Deepwater Horizon oil spill, state officials ...

Nation Finalizing Preparations to Become Full Member of Extractive Industries Transparency Initiative

Wednesday, July 1, 2015

Ethiopia has reportedly been working to fulfill the necessary requirements which would enable it to become a full member of the Extractive Industries Transparency Initiative (EITI).

EEITI Annual Activity Report Launched

Wednesday, July 1, 2015

The 1st Ethiopian Extractive Industry Transparency Initiative (EEITI) annual activity report was launched here yesterday.

Directory of mining companies operating in Tajikistan set up

Wednesday, July 1, 2015

A directory of mining companies operating in Tajikistan has been set up.

Zambia mining outloook bright – expert

Monday, June 29, 2015

An international mining policy expert has said Zambia’s mining outlook is bright and that the country is poised to raise copper production from the current 700,000 tonnes to more than 800,000 in the next two years.

Mongolia and Myanmar upgrade relations with visit by President

Sunday, June 28, 2015

President of the Republic of the Union of Myanmar U Thein Sein conducted a state visit to Mongolia from June 28 to 30, upon the invitation of President of Mongolia Ts.Elbegdorj. The counterparts parties agreed to cooperate on sharing experiences on ...

New appointments and mergers at Ministry of Mines Industry and Energy and GEPetrol will strengthen Equatorial Guinea oil sector

Sunday, June 28, 2015

The Ministry of Mines Industry and Energy of Equatorial Guinea has announced new government appointments and mergers of key internal departments that will streamline its operations and contribute to an overall improvement of governance in Equatorial ...

REVEALED: How Nigeria loses ₦50 Trillion annually from untapped natural resources

Saturday, June 27, 2015

Investigations have shown that federal, states and local governments are losing about ₦50 trillion annually from untapped resources that abound in the nation’s soil.

Dissolution Of NNPC Board Long Overdue, Timely –CISLAC

Monday, June 29, 2015

THE Civil Society Legislative Advocacy Centre (CISLAC) on Monday June 29, 2015 welcomed the Federal Government’s decision to dissolve the Board of the Nigeria National Petroleum Corporation (NNPC), insisting that it was not only long overdue and timely...

Neglect of Solid Minerals - Why Nigeria Remains Poor

Sunday, June 28, 2015

Economists, geologists and surveyors have long agreed that under the Nigerian soil are wealth and riches untold. But majority of Nigerians are wallowing in poverty. The Nigerian Extractive Industries and Transparency Initiative, NEITI report suggests ...