Ressources Magazine (en)

This month, RESSOURCES MAGAZINE offers you a focus on the mining sector in Africa.

News

Algeria adopts a new hydrocarbon law that is controversial

In the making since 2017, the new Algerian draft law on hydrocarbons was adopted on Sunday 13 October by the Council of Ministers. A legislative system that is more favourable to foreign interests and that does not go well with public opinion. The new text,

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News

Zambia: Minister of Finance acknowledges debts to mining companies

In open conflict with mining operators since it introduced a new tax to replace VAT in July, the Zambian government owes more than $200 million in arrears to mining companies. When questioned in Parliament on Thursday, October 10, on the issue of the state’s debts,

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News

The Ivorian authorities are working hard to find ways to implement their forestry strategy

On 16 January 2020, Côte d’Ivoire will hold a round table of donors to finance the implementation of its new forestry policy. The announcement was made on Monday, October 7 by the Minister of Water and Forestry, Alain-Richard Donwahi, at a press conference in Abidjan.

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News

Libya: the national oil company gets (finally) a breath of financial oxygen

Following a recent statement by the Libyan national oil company, which warned that the country’s production « could drop sharply over the next nine months if the government continues to block already approved budgets », the Libyan authorities confirmed on Saturday 5 October that they had allocated

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News

Gas: ExxonMobil relies heavily on Mozambican LNG

After the launch in June of the gigantic Dolphin Tuna liquefied natural gas (LNG) project, led by the French Total, it is now the turn of the American Exxon Mobil to invest massively in the Mozambican gas sector. In a statement relayed on Sunday by

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News

Oil: Nigeria agrees to reduce production to comply with OPEC quotas

Under pressure from key members of the Organization of Petroleum Exporting Countries (OPEC), who had been urging it for months to reduce its crude oil production in accordance with the quotas set, Nigeria finally complied. The announcement, with immediate effect, was made on Tuesday, October

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Conversation with…

Reckya Madougou, special advisor to Togolese President Faure Gnassingbé and specialist in social economy issues: « On a continental scale, there is still a long way to go before the full potential of human resources can be optimized ».

A technocrat and politician of Beninese origin who held several ministerial portfolios (Justice, Youth and Women’s Employment, Microfinance, etc.) under President Boni Yayi before becoming special advisor to the Togolese President, Reckya Madougou is now one of the leading figures in the fight for financial

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News

DRC: Canadian Banro suspends operations in Maniema

Canadian mining company Banro has temporarily suspended operations in eastern Democratic Republic of Congo for security reasons. The eastern part of the Democratic Republic of the Congo, which has been insecure for more than two decades, continues to be an area where it is dangerous

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News

Lake Kivu methane: what you need to know about this submerged energy source

The majestic landscapes of Lake Kivu, on the border between Rwanda and the DRC, would almost make you forget that the tranquility of this region of the globe is only apparent: buried in the depths of the lake is a high concentration of dissolved methane,

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News

Kenyan sugar manufacturer Mumias in receivership

Faced with overproduction and falling world prices, Kenyan sugar producer Mumias Sugar was placed in receivership on 24 March by KCB Bank, following the signing of a lender agreement in September 2010. Receivership, a traditional procedure under English law, is a form of guarantee enforcement

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News

Morocco: the Tana Africa fund is investing in red fruits by acquiring a stake in Palmagri

Tana Africa Capital, the private equity firm founded and co-financed by the South African family Oppenheimer and the Singaporean sovereign wealth fund Temasek, has acquired a stake in the red fruit subsidiary of Palmagri, the agro-industrial division of the Moroccan group Palmeraie Holding. Active in

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News

Congo-B: the government sets up two new national agencies to promote agriculture, livestock and fisheries

Determined to accelerate the diversification of its economy, which is highly dependent on hydrocarbons (45% of GDP), the Congolese government adopted on 18 September two bills creating two new national agencies dedicated respectively to the development of agriculture and livestock, and fisheries and aquaculture. As

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News

Cocoa: Côte d’Ivoire and Ghana confirm the option of capped production

Following the entry into force of the first export contracts incorporating a « subsistence income differential (SIR) », the two national cocoa sector regulators announced on Wednesday 20 September their intention to cap production in parallel in order to support world prices. Many cocoa traders believe that

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News

Cocoa: the « subsistence income differential » finally on track

First mentioned in early July, at the technical meeting that brought together the Ivorian and Afghan authorities and cocoa sector industrialists, the « subsistence income differential » came into effect on the first export contracts of the 2020/21 season. When questioned by the Reuters news agency, several

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News

Soaring oil prices: what impact on Africa?

With the rise of tensions in the Middle East, oil prices could rise again in the long term. Good or bad news for Africa? Decryption. In the wake of drone attacks on oil installations in Saudi Arabia – the world’s largest exporter – oil prices

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News

Diamond: Namibian Namdeb sells his Elizabeth Bay mine

Namdeb Holdings Limited, a diamond joint venture owned equally by the Namibian government and South African De Beers Group, announced the sale of its Elizabeth Bay mine to the Lewcor consortium. The transaction, worth 120 million Namibian dollars ($8.23 million), was announced on Thursday, September

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News

Russian Lukoil gains a foothold in Congo-Brazzaville

Wishing to sell its 25% stake in the Marine XII oil block, located off the coast of the Republic of Congo, the British company New Age finally found a buyer with the Russian Lukoil, which thus gains a foothold in the Central African country. The

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News

Guinea: HPX recovers the exploitation of the Mount Nimba iron orebody

The American mining exploration company High Power Exploration (HPX), controlled by Canadian businessman Robert Friedland, has been in discussion with the Guinean authorities for several months and has reached an agreement with the West African country to resume mining of the Mount Nimba iron ore

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News

OCP on the offensive in Ghana.

On the sidelines of the African Green Revolution Forum, held in Accra from 3 to 6 September, Ghana’s Ministry of Food and Agriculture and the Cherifian Phosphate Office (OCP) signed a series of agreements, including on soil mapping and innovation in the agricultural sector. As

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News

South African Labat Africa is getting into cannabis

So far active in the logistics and distribution sectors, South African company Labat Africa has announced its first investment in the legalized cannabis sector. It is thus becoming one of the first listed firms on the continent to enter this booming segment. A small, trouble-free

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News

Rice will soon be listed on the Ghanaian Commodity Exchange.

Launched in November 2018, the Ghana Commodity Exchange (GCX) continues to expand. In a statement issued on Monday, September 2, the Ghana Commodity Exchange announced that it will list paddy rice by the end of the year, making it the third most traded agricultural commodity

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News

Marie-Chantal Kaninda leaves the World Diamond Council for Glencore.

After two and a half years at the head of the World Diamond Council (WDC), Congolese Marie-Chantal Kaninda joins the staff of the commodities trader Glencore in the Democratic Republic of Congo (DRC), where she will serve as Executive Director & Head of Corporate Affairs.

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News

The French sugar manufacturer Tereos sabre in its African activities

Hit hard by the fall in prices, the sugar manufacturer confirmed that it will soon cease its activities in South Africa and Kenya. With a price halved over the past three years, the fall in sugar prices continues to cause casualties in the sector. In

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News

Rwanda and Zimbawe formalize their cooperation in the mining sector

The Rwandan and Zimbabwean governments signed a Memorandum of Understanding on Tuesday 27 August on cooperation in the mining sector. Announced on Thursday by the Rwanda Mines, Petroleum and Gas Board (RMB), it was signed in Harare during the visit of a delegation of Rwandan

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News

Ivorian Cocoa: agreement in sight?

Determined for months to find a solution to better remunerate cocoa producers, the Ivorian authorities have, according to local media reports, concluded an agreement with traders and industrialists in the sector in order to obtain « 200 CFA francs of addition » on the guaranteed price of

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News

Kenya exports its first barrels of oil

The long-awaited export of the first barrels of oil stamped « Kenya » became a reality on Monday 26 August. Kenyan Head of State Uhuru Kenyatta, who was present at a ceremony in the port of Mombasa, displayed the national flag aboard the tanker carrying 200,000 barrels

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News

South Sudan discovers its first oil field since independence

In the wake of Wednesday’s announcement by the Dar Petroleum Operating Company (DPOC), the Ministry of Petroleum of Southern Sudan confirmed on Thursday that the country had made its first oil discovery since the declaration of its independence in 2011. According to information provided by

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News

Mali tightens its new mining code

The new Malian mining code, which has been in the making for months, is now on track. A regulatory text that will be much more binding for operators in the sector. « On the report of the Minister of Mines and Petroleum, the Council of Ministers

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News

Madagascar: the « green gold » rush and its perverse effects

Hery Andriamiandra et Jacques Leroueil Very high, the current price of vanilla is doing business in Madagascar, the world’s leading producer. But behind the windfall effect, there are many negative consequences. Decryption. « One vanilla ice cream for every accompanied child », « Two scoops of vanilla ice

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News

Congo-B: an NGO collective expresses doubts about the presumed importance of the new onshore deposit in the Delta de la Cuvette

Barely made public and already disputed: announced on August 10 by two local oil companies, SARPD OIL and PEPA, the discovery of the Delta de la Cuvette deposit is now being questioned by the Congolese section of the NGO coalition « Publish What You Pay » (PCQVP).

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