Biden Presidency: Impact on Petroleum, Especially in Texas Friday, June 12, 2020 Based on a survey of Texas Oil and Gas Association members, electing Democrat Joe Biden to the presidency this November would threaten their companies’ economic well-being. Based on a survey of Texas Oil and Gas Association (TXOGA) members, electing Democrat Joe…
What Will Happen to Your Mining Investments As the Sahel Crumbles? Thursday, 4 June 2020 13:01 Soumare lies prone on the bed murmuring softly. Above his mosquito net flies flit around, anxious to get at his open wounds. A strong young man, Soumare is the pride of his family. Until recently, the 26-year-old worked…
Angola Renews Reforms, to Privatize More Than 70 State-Owned Companies Angola plans to privatize 74 state companies over the next few years, predominantly those in the industrial sector, according to the prospectus sent to investors as part of the country’s Eurobond issuance. Africa’s second-largest crude producer has been battered by a fall in the price…
Forte Oil (Nigeria) Pivots Away From Upstream and Power Amid Rising Uncertainties By Onome Ohwovoriole Last week, Forte Oil informed the investing public of its decision to sell off its upstream and Ghanaian units, as well as its stake in the Geregu power plant. The company attributed its decision to a need to focus on…
Kinros Gold Miner Reels From ‘Resource Nationalism’ in Ghana and Mauritania Kinross Gold is the latest miner to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest for more mining revenue. Mauritania’s rejection of a key permit to expand a Kinross project, and a proposed mining code review…
Glencore’s Congo Mining Conundrum Miner and commodities trader Glencore is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms. US sanctions on Glencore‘s former Israeli partner in Congo have been a trigger for litigation. At the same time, relations with the Congolese authorities are under strain from a dispute…
How Will Russian Sanctions Affect Your Palladium Investments? Hedge funds just made an abrupt about face in the palladium market as US sanctions against Russian titans spark concerns that the world’s largest producer of the metal will get caught in the cross hairs. After the US slapped penalties on United Co. Rusal, American officials have sent…
Lithium Market Update: Q1 2018 in Review What happened to lithium in Q1 2018? Our lithium market update outlines key market developments and explores what could happen moving forward. by Priscila Barrera With the popularity of electric vehicles (EVs) growing at an unstoppable speed, lithium continues to be a hot commodity in 2018. But…
Boosting Rural Agriculture and Food Security and Political Stability in Cote d’Ivoire The International Fund for Agricultural Development (IFAD) and Cote d’Ivoire have today signed a financial agreement aimed at helping rural farmers add value to their products. A loan of $18.5 million from the International Fund for Agricultural Development (IFAD), is set to benefit and…
How Much Is Zambia’s External Debt, Seriously? Zambia is facing tough questions over its foreign-debt levels from investors who think the real number may be more than double what the government has disclosed. Lenders including Nomura Holdings Inc. believe the state has not completely come clean on its external debt. There is a growing…