Rich Links: World Bank loan requirements

Posted from Diigo. The rest of my favorite links are here.

Rich Links: Oil Theft in Nigeria, Mining Law in South Africa, EITI and More

Trading concessions with "governments in exile"

Kilimanjaro Capital, a company registered in Belize, is trying to get investors interested in buying shares of oil and gas concessions bought from African governments in exile. These include self-styled authorities from Cabinda (Angola), Biafra (Nigeria) and southern Cameroon. Sufficient to say that the odds of a positive return on these investments are terribly long. Africa Confidential (subscription required)

Chatham House releases report on crude oil theft in Nigeria

A new Africa Programme report examines the international dimensions of Nigerian crude oil theft and explores what the international community could do to tackle the problem. The report assesses the scale of crude oil theft in Nigeria, analyses how stolen crude is exported and highlights the laundering of proceeds through global financial centres.

Chatham House (there is also a video with a discussion of the report available)

The problems of EITI

The blog Why Nations Fail devotes several blog posts to the Extractive Industries Transparency Initiative (EITI) and discusses its shortcomings and opportunities. Post 1, Post 2, Post 3

Liberian government revokes logging permits

17 logging permits for valuable timber were revoked by the Liberian government. These permits have been given out in contradiction with the 2006 law governing these issues, according to the government. AllAfrica

South African mining law draws criticism

The South African government opened the public review process for a proposed mining law that would bring considerable reform to the sector. Especially the private sector has lost no time criticising the law, which in their view would dramatically worsen the investment climate. Parts of the law would give the government the ability to declare certain resources as "strategic", forcing producers to sell them to local businesses at potentially below market prices to allow to develop local industries. The government has shown willingness to revisit some aspects of the law. This is Africa | African Arguments

Nigerian companies strengthen their oil production

The share of total oil production provided by local companies is rising in Nigeria. International companies like Shell are divesting from onshore and shallow water wells and concentrate on deep water blocks, where political and security risks are lower. Mining Review

Rich Links: Diamonds, Oil and Charcoal

Diamonds from Zimbabwe return to European markets

According to a Zimbabwean newspaper, the European Union has begun the process of delisting the Zimbabwe Mining Development Corporation (ZMDC) from the E.U. sanctions list. That would allow the ZMDC, a state-owned enterprise, to sell diamonds from the controversial Marange mine in the E.U. Main proponent of the lifting of the sanction was Belgium, which also hosts the biggest market for diamonds in the E.U. AllAfrica

Blockage of Libyan oil harbours continues

Militias continue to block most oil exports in Libya, reports the German tageszeitung. These militias want to strengthen their position in negotiations with the government about regional autonomy and religious questions. Libya depends heavily on oil for its export earnings. taz

United Nations want Gulf states to crack down on Somali charcoal smuggling

The U.N. has urged the governments of the countries in the Arabic Gulf, especially the United Arab Emirates, to respect a U.N. embargo on the export of charcoal from Somalia. The charcoal trade is one of the main sources of income for Al Shabaab, an Islamist militia fighting against the U.N. supported government in Somalia. Its main trading partners are traders from the UAE. Shabelle Media

African governments are pushing for better resource deals with China

China finds it harder to impose its own terms for resource deals in Africa. African governments are keen on setting the rules for infrastructure development and environmental protection. New York Times

Son of Liberia's president steps down from national oil company

Ellen Johnson Sirleaf was widely criticised for putting her son into a powerful position, heading the national oil company. Now he stepped down, citing the recently achieved completion of the sector reform process, with which his work would be complete. Baobab