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South Africa’s ANC to debate 50% mining tax

Tuesday, June 26th, 2012

South Africa’s ruling African National Congress may endorse plans to raise mining taxes and increase state control over the economy as President Jacob Zuma shores up grassroots support ahead of a party election.

IMF urges Congo to improve mining revenue collection

Tuesday, June 26th, 2012

KINSHASA (Reuters) - The Democratic Republic of Congo needs to continue improving governance and transparency in its extractive sector if it is to receive the latest instalments of a $550 million loan, the International Monetary Fund (IMF) said on Monday.

About 625 million people in Africa have no access to modern energy services

Monday, June 25th, 2012

It is currently estimated that about 625 million people in sub-Sahara Africa do not have access to modern energy services.

Binational Commission drives renewable-energy programme

Friday, June 22nd, 2012

The Deutsche Gesellschaft für Internationale Zusam- menarbeit (GIZ), in Sep-tember last year, on behalf of the German Government, started the roll-out of the R120-million South African–German Energy Programme (Sagen), which will focus on improving framework conditions and capacities for enhanced investment in renewable ener- gies and energy efficiency in South Africa.

Russian oil giants eye joint fields development abroad

Friday, June 22nd, 2012

Russian oil giants Lukoil and Rosneft could jointly conduct geological surveys abroad particularly in Africa and Iraq, Lukoil chief said Thursday.
“We offered an entire package. But in Iraq it would be possible only after agreement with the counrty’s government. So far, the negotiations have been underway,” Lukoil’s head Vagit Alekperov told reporters during the International […]

Second big mine shut in platinum slowdown

Friday, June 22nd, 2012

ROYAL Bafokeng Platinum and Aquarius Platinum on Thursday announced huge curtailments of their platinum operations as the sector battles high costs, labour unrest, stagnant prices and an oversupplied market.

Tanzania gas reserves nearly triple on new finds

Wednesday, June 20th, 2012

DAR ES SALAAM (Reuters) - Tanzania has nearly tripled its estimate of recoverable natural gas reserves to up to 28.74 trillion cubic feet (tcf) from 10 trillion and plans to introduce new legislation later this year to regulate the gas industry.
The government raised its estimate after huge recent discoveries in the east African country’s deep-water […]

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