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Review And Analysis : Gold Mining Industry Development and Mining Companies Growth In China
Over the last few weeks we’ve been paying more attention to China as it emerges from the East. There are three reasons why China poses such an interesting potential return of value for traders.
A very interesting read is an interview with Jim Rogers about his thoughts on China.
“While he says that China is the only [...]
Nigeria Develops New Legal and Regulation for Mining Exploration and Industry
Nigeria has developed a new legal and regulatory framework for mining, in addition to carrying out a number of institutional reforms, the country’s Minister of Mines and Steel, Deziani Allison-Madueke, said here Friday.
Nigeria Expand and Develop Mineral Mine Exploration Make Regulation for Mining Exploration
Federal Government has identified seven minerals for national development, inister of Mines and Steel Development, Chief Sarafa Isola, said in Abuja yesterday.
He told the News Agency of Nigeria (NAN) that the minerals were Gold, Lead/Zinc, Barite, Bitumen, Limestone, Coal and Iron Ore. Isola said that Nigeria was well-endowed with myriad of solid minerals, but that [...]
African Oil Exploration : Ghana enters oil age with wary eye on neighbours
Ghana enters oil age with wary eye on neighbours Find could bring wealth, but some fear petrodollars may hinder economic recovery.
For years the question has puzzled Ghanaians: surely, in a region awash with oil, their country had some black gold of its own? Last month they got their answer. Ghana does have oil, and lots [...]
North American stocks end down on volatile oil prices; Toronto down in nearly all sectors
North American markets finished in the red on Monday as volatile oil prices shook up traders on both sides of the border.
Toronto’s S&P/TSX composite index was down 144.17 points at 13,841.86 with declines in nearly every sector. The market continued to feel the sting from news that a four-day general strike had ended in Nigeria, [...]
Ghanaians express fear over oil discovery
FEARS HAVE been expressed by some Ghanaians that the discovery of oil in Ghana might be a resource curse rather than a blessing, citing the example of Nigeria and the poor state of Tarkwa and Obuasi after several years of gold mining gold.
A cross-section of Ghanaians the Business Chronicle spoke to expressed the fear because [...]
Power Supply the Key to Investment in Ghana
LAST month’s business seminar in Johannesburg, hosted by the government of Ghana to coincide with the country’s 50th anniversary of independence, provided South African companies with an opportunity to learn first-hand about trade and investment prospects that extend beyond mining and exploration.
The seminar was attended by senior Ghanaian government officials and prominent business leaders such [...]
Utah, Colorado rival OPEC oil reserves, lure Chevron, Exxon, Shell
Colorado and Utah have as much oil as Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, Kuwait, Libya, Angola, Algeria, Indonesia, Qatar and the United Arab Emirates combined.
That’s not science fiction, according to Bloomberg News. Trapped in limestone up to 200 feet (61 meters) thick in the two Rocky Mountain states is enough so-called shale oil to [...]
Nigeria: Obasanjo Signs New Mining Law
President Olusegun Obasanjo yesterday signed the Mining Bill into law, predicting a new dawn for the country’s mining industry. He said the new mining law was bound to accelerate foreign direct investment in the sector.
The President whose speech was read by the Secretary to the Government of the Federation Chief Ufot Ekaette at the opening [...]
