Africa loses circa 223Billion annually in extractive industries - Journal du Cameroun. Published on 30.05.2017 à 17h13 by Sixtus Mbom Share African countries with mining potentials lose a global sum of 38billion USD (circa 233billion FCFA) in the extractive industry- Estherine Lisinge-Fotabong of NEPAD, revealed at a three-day Regional Dialogue and Training on Contract Negotiation and Fiscal Policies in the Extractive Industries that ended in Yaounde May 29.
Of this amount, Cameroon’s annual losses amount to an estimated sum of 12billion FCFA yearly, according to 2016 findings by the Mining Support and Promotion Framework (CAPAM). The New Partnership for Africa’s Development (NEPAD) brought together mining experts, consultants and representatives of selected African countries to the Yaounde meeting which was in its third edition, to examine the causes of these losses and discuss a way forward.
Natural Gas Prospects in Africa: New technologies bring down cost of development. Afrique, deuxième continent producteur d’or Parmi les huit métaux les plus exploités en Afrique, l’or tient une place prépondérante.
Plus de 34 pays africains produisent actuellement de l’or de façon artisanale ou industrielle et réalisent près du quart de la production annuelle mondiale. Parmi ces 34 pays, 20 produisent plus d’une tonne par an, a indiqué le rapport 2016 sur la fiscalité minière en Afrique, publié par la fondation pour les études et recherches sur le développement international (FERDI). Ce rapport qui vient d’être publié révèle que l’Afrique est le deuxième continent producteur d’or dans le monde et l’Afrique du Sud, le premier producteur africain, suivi du Ghana, du Mali et de la Tanzanie.
L’Afrique recèlerait encore près de 40% des réserves mondiales d’or et, compte tenu de l’importance de ses ressources, elle pourrait jouer à l’avenir un rôle de premier plan dans la production et les échanges mondiaux. Mapping Africa's natural resources. Africa remains a key territory on the global map.
Rich in oil and natural resources, the continent holds a strategic position. It is the world's fastest-growing region for foreign direct investment, and it has approximately 30 percent of the earth's remaining mineral resources. It's home to more than 40 different nations, and around 2,000 languages. Sub-Saharan Africa has six of the world's 10 fastest-growing economies. North Africa counts with vast oil and natural gas deposits; the Sahara holds the most strategic nuclear ore; and resources such as coltan, gold, and copper, among many others, are abundant on the continent. The region is full of promise and untapped riches - from oil and minerals and land to vast amounts of people capital - yet, it has struggled since colonial times to truly realise its potential.
For more: Shadow War in the Sahara. Africa Mining Vision. Only 25% of Nigeria’s gas reserves is utilised, says Shell chief. • ‘How to optimise resource monetisation’ Only 25 per cent of the country’s gas reserves is being utilised, the Managing Director of Shell Petroleum Development Company (SPDC) and Country Chair of Shell Companies in Nigeria, Mr.
Osagie Okunbor, has said. 4.%20TMSA%20Growth%20Poles%20Phosphates%20130925%20FINAL. Afrique du sud, Gaz de schiste. Ces phosphates africains que tout le monde convoite. L'indonésien Indorama au Sénégal, l'israélien Elenilto au Togo, le canadien GB Minerals en Guinée-Bissau… Les leaders du secteur multiplient les investissements dans les gisements subsahariens.
Une bonne nouvelle pour une filière longtemps sinistrée ? Effets d’annonce ou début d’une nouvelle ère pour le phosphate ? Alors que le marché africain des fertilisants est considéré comme vierge à cause du faible niveau de consommation d’engrais (4,7 kg par habitant, contre 200 kg en Inde ou en Chine) et que le continent doit encore assurer sa propre sécurité alimentaire, les filières africaines semblent attirer de plus en plus de grands groupes internationaux désireux de se positionner pour l’avenir.
La chute du cours de ce minerai (la roche de qualité moyenne coûte environ 100 dollars la tonne, contre 400 dollars entre 2008 et 2009) ne semble guère les décourager. Bien au contraire. AfDB releases report on natural resources management The African Development Bank Group (AfDB) and Washington-based Environmental Law Institute (ELI) have produced a new report on natural resources management in fragile and conflict-affected countries.
The report examines how African countries in fragile situations can work towards addressing the causes and drivers of fragility by better managing natural resources across sectors This flagship report examines how African countries in fragile situations can work towards addressing the causes and drivers of fragility by better managing natural resources across sectors. The report titled ‘From Fragility to Resilience: Managing Natural Resources in Fragile Situations in Africa’, delves into cross-cutting issues such as climate change, governance, private sector, regional integration, and conflict sensitivity.
It also provides options for the design and implementation of natural resource-related programmes geared toward building the resilience of African countries. Top Stories: Africa: Oil Could Fall to U.S.$20 in 2016 - IMF. Nigeria may be in for harder times than previously envisaged as the International Monetary Fund has predicted that crude oil prices may slump to as low as $20 per barrel in 2016.
In the 'IMF Executive Board Concludes 2015 Article IV Consultation with Iran' report, the body highlighted that the price of crude oil could drop by between $5 and $15 in 2016, cableng.com reports. As of Thursday, the price of crude oil in the international market averaged $37. On December 17, the price fell to $36 per barrel. The Federal Government 2016 budget had based the 2016 budget on a benchmark oil price of $38 per barrel. If the IMF prediction comes true, the country will be in serious trouble as there won't be any buffer for the budget. Africa: Oil Could Fall to U.S.$20 in 2016 - IMF. Un nouveau roi du pétrole en Afrique ! Le roi est mort, vive le roi !
Selon les derniers chiffres publiés par l’Organisation des pays exportateurs de pétrole (OPEP), le Nigeria vient de perdre son titre de premier producteur d’or noir en Afrique... Dans un article de la publication This Day citée par l’Agence Ecofin, l’OPEP révèle les derniers chiffres de son regroupement concernant la production pétrolière de ses différents membres. Et le Nigeria ne trône plus au sommet du continent africain.
Natural gas in africa 28sep2012lr. Nigeria, others, constitute 90% of Africa’s gas - Report. By Sebastine Obasi NIGERIA, Libya, Algeria, and Egypt, account for 90 percent of Africa’s annual natural gas production, PricewaterhouseCoopers, PwC 2015 report on Africa’s oil and gas said.
The just released report also said that as at the end of 2014, Africa has proven natural gas reserves of about 500 trillion cubic feet, Tcf. This is a slight drop compared to 2013, while production also decreased slightly over the period. Nonetheless, Africa still has nearly 70 years of natural gas production available given current production rates, the report noted. One_of_the_worlds_least-drilled_places. 'Largest ever' Med gas field found off Egypt. Cairo (AFP) - Italian energy giant Eni on Sunday announced the discovery of the "largest ever" offshore natural gas field in the Mediterranean, in Egypt's territorial waters.
The discovery, confirmed by Egypt's oil ministry, could hold a potential 30 trillion cubic feet (850 billion cubic metres) of gas in an area of about 100 square kilometres (40 square miles), Eni said in a statement. "It's the largest gas discovery ever made in Egypt and in the Mediterranean Sea and could become one of the world’s largest natural-gas finds," the firm said. The so-called Zohr project discovery is expected to meet Egypt's own natural gas demands for decades. The "supergiant" field is located at a depth of 4,757 feet (1,450 metres) in the Shorouk Block, Eni said. The firm said it would "immediately appraise the field with the aim of accelerating a fast track development of the discovery", giving a timeframe of four years. 'Unburnable carbon': Africa has hit big oil and gas recently but, alas, it may have to remain in the ground. US PRESIDENT Barack Obama’s announcement a week ago of a far-reaching plan to limit carbon pollution from US power plants has been hailed as the clearest step to the commitment to limit global warming to two degrees Celsius above pre-industrial levels.
This is the temperature point beyond which irreversible damage to the earth becomes inevitable – think super droughts, massive floods and mass extinctions. The Clean Power Plan establishes the first-ever national standards for US power plants to limit carbon pollution, aiming to reduce carbon dioxide emissions by 32% from 2005 levels by 2030. The bold move from Washington, the world’s second biggest carbon polluter, is expected to be a signal for other countries to set ambitious targets of their own to reduce carbon emissions, ahead of a key UN climate change summit that will take place in Paris later in November and December. No free pass Stranded assets. Terres rares : l'Afrique entre dans l'arène - JeuneAfrique.com.
Toujours incontournables, ces minerais constituent pourtant un secteur de niche. 403 Forbidden. Africa to overtake U.S. in meeting LNG trade growth: IEA. African seaborne gas exports will play a bigger role in meeting global LNG trade growth than the United States, whose supply will be capped by mass domestic switching from coal to gas-fired power generation, the West’s energy watchdog said.
Africa’s LNG exporters in Nigeria, Algeria and Equatorial Guinea are set for a new supply wave coming from major new discoveries off the coasts of Mozambique and Tanzania, home to some of the biggest discoveries in a decade. By contrast, the United States will fall behind as abundant gas supply muscles coal out of the domestic energy mix, creating huge demand for cheaper gas-fired power generation, Laszlo Varro, head of gas and power at the International Energy Agency said at the Flame gas conference in Amsterdam.
The scale of fuel switching facing the U.S. power generation sector outlined by Varro appears to be greater than previous estimates, which assumed coal might remain partly competitive as domestic gas prices edge higher. Ngum Ngafor - Actually, I'd prefer this. Turn me into a... ISG%20Report_eng.pdf. Africa%20Mining%20Vision%20english_0.pdf. African economic growth: The twilight of the resource curse? OIL BARONS JUMP ON NEW FINDS IN AFRICA, IGNORING CLIMATE JUSTICE CALLS - LA Sentinel. Published on Wednesday, 01 October 2014 06:21 Written by Global Information Network Sep. 30 (GIN) – U.S. and UK oil explorers are making their moves on the Western Sahara, between Mauritania and Morocco, despite calls by thousands of climate justice activists worldwide to “keep the soil in the oil.”
Kosmos Energy, a US oil and gas exploration firm, along with Cairn Energy of the UK, plan to use rights obtained in 2006 when Kosmos signed an agreement with Morocco’s state oil company. A drill ship is currently on its way from South Korea to begin the exploration. The move outraged citizens of Western Sahara, a U.N. designated non-self-governing territory larger than the UK that was claimed by Morocco in 1975. Kosmos defended its actions by arguing that while it does not have the authorization of the Sahrawi, its activities will be beneficial to them.
Plunging prices deal blow to Africa crude explorers. Emerging and existing oil and gas opportunities in sub-Saharan Africa. Look at the last full year 2013. The biggest oil and gas discoveries are all over the place, worldwide. Some in non-surprising areas, with others in new or frontier areas: (1) Lontra – Angola – 900m boe; (2) B14/B17 – Malaysia – 850m boe; (3) Ogo – Nigeria – 775m boe; (4) Nene – Congo Brazzaville – 700m boe; (5) Agutha – Mozambique – 700m boe; (6) Tangawizi – Tanzania – 575m boe; (7) Coronado – Gulf of Mexico – 550m boe; (8) Salamat – Egypt – 500m boe; (9) Maximino – Gulf of Mexico – 500m boe; (10) Bay du Nord – Canada – 450m boe.
Five of the above 10, totalling approximately 3.65b boe, are in sub-Saharan Africa. That is 2013 alone! African oil and gas has seen very interesting times in the past five to 10 years. 1312OFFWestAfricaMap_1.pdf - 1312OFFWestAfricaMap.pdf. Significant drop in oil prices could damage Sub-Saharan Africa. According to Business Monitor International (BMI), oil prices at US$ 60/bbl would have a harmful impact on Sub-Saharan Africa’s economic growth outlooks. The effects of low prices would vary in severity between countries depending on their status as a net importer of exporter of oil products. Sub-Saharan Africa’s (SSA) net oil exporters, of which there were 12 in 2013 according to the African Development Bank (AfDB) data, will be negatively affected by oil prices at US$ 60/bbl via several channels. Fiscal accounts will come under pressure as governments in oil producing nations rely on oil revenues for budget revenues to a greater or lesser extent.
Equatorial Guinea, the Republic of Congo (Congo-Brazzaville), Angola, Nigeria, Gabon and Chad all earn more than 50% of total fiscal revenues from oil production. External accounts under pressure. Mpanies go brave and crazy over Africa’s oil and gas riches. A COLLEAGUE in the oil and gas business often says the only thing that is certain about the oil price is that it will go up — or down. The potential effect of falling oil prices — about 25% in just a few months — on Africa’s otherwise rosy oil and gas future was a key topic of conversation at last week’s Africa Oil Week event in Cape Town, a gathering of every big name in global oil, gas and related services.
The annual event highlighted the superb opportunities offered by the continent, not only in entrenched markets such as Nigeria, Equatorial Guinea and Angola, but also in Gabon’s deep-water terrain and the newer frontiers of East Africa, SA, Namibia and Egypt. Even states such as Sierra Leone and Liberia, the Ebola epidemic notwithstanding, are attracting global oil companies hoping to uncover the lucrative finds that nearby Ghana has revealed. With the oil price hovering at about $80 a barrel, it is time to be brave — or crazy, one executive said.
Picture: THINKSTOCK. More oil discovery offers Africa opportunity for in-continent utilisation. The Society of Petroleum Engineers (SPE), Nigeria Council, said that expansion in new oil and gas finds in Africa and the global unconventional revolution have heightened competition in the continent’s exploration and production industry for investment and market opportunities for value extraction. However, the growing discovery of oil and gas in many more African countries offers the opportunity for Africa to integrate, encourage in-continent utilisation and evolve from exporter of natural resources to exporter of finished products. The council also said that there is need for African oil and gas producing countries to adapt new sustainable economic strategies to keep up with global economic changes, amidst the US shale oil and gas revolution and the dwindling crude export to US and other countries.
Bauxite Trade From Africa Seen Resilient Amid Ebola Fight. Bauxite exports from West Africa are holding up, according to the International Aluminium Institute, as the region that ships about a fifth of seaborne supplies tackles the worst outbreak of Ebola on record. “There’s no indication at this stage that there’s been any impact on any shipments from that region,” Ron Knapp, secretary-general of the International Aluminium Institute, said in an interview.
“We’re optimistic, positive that this is a short-term issue. It will be resolved.” The spread of the disease this year spurred concern that exports of the raw material used to feed the aluminum industry may be disrupted, with BNP Paribas SA among banks highlighting the potential risks of supply interruptions and surging prices. Africa’s importance as a bauxite producer rose since January, when Indonesia banned ore exports. The Ebola Scourge The members of Knapp’s London-based institute represent more than 60 percent of global bauxite, alumina and aluminum production, according to its website. L'Afrique subsaharienne produira plus de gaz que la Russie en 2040. La production gazière de l'Afrique subsaharienne devancera celle de la Russie d'ici 2040 sur les marchés internationaux, selon le dernier rapport de l'Agence internationale de l'énergie.
Nigeria, Sub-Saharan Africa, Account for 30 Percent Global Oil Discoveries. How the Shale Revolution is Affecting African Oil. As the U.S. experiences the benefits of the massive uptick in oil and gas production domestically, the African oil industry and the economies that rely on it are finding themselves on thin ice. As frequently reported by a number of news sources, some African countries that had historically been plagued by political, economic or militaristic strife, have found themselves stabilizing over the last decade. Africa's oil and gas potential: Boom or hype? An oil offshore platform off the coast of Angola, Africa's second largest oil producer. 6 of the top 10 global oil and gas discoveries in 2013 were made in AfricaYet, developing these finds requires massive, long-term investments Countries must improve regulatory and business environment to attract investors Editor's note: Alex Vines is the Africa Programme Head at Chatham House and the co-director of the African Studies Centre, Coventry University.
The opinions expressed in this commentary are solely his. Sudan Vision Daily - Details. Here's Where Africa's O&G "Hot Spots" Are Located [1 Infographic] - Oilpro. Untitled - SE Spends and Trends Africa.pdf. Smaller Firms Will Lead East Africa's Oil And Gas Development. World Bank eyes $1 bln African resource mapping fund. World Bulletin / News Desk The World Bank wants to launch a $1 billion fund in July to map the mineral resources of Africa, using satellites and airborne surveys to fill geological gaps across the continent where a lack of adequate data hampers mining investments.
The World Bank has committed $200 million to the five-year fund, and was meeting with mining companies and governments from sub-Saharan Africa who have expressed interest, a senior bank official told Reuters on Wednesday. "Times are tough, so the mining companies are counting their pennies, but there is a lot of interest because it is exactly when commodity prices are low and the companies are reducing their investment budgets that having the information to guide their priorities is valuable," said Paulo de Sa, senior manager at the World Bank's mining unit.
De Sa met with 10 mining companies on the sidelines of an African mining conference, including Rio Tinto and Ivanhoe Mines, who were interested in the fund. Deux régions africaines dans le top 10 des futurs marchés amont d'hydrocarbures. Oil and Gas in Africa.pdf. Africa Water Atlas - 340-eng.pdf. Region_7_Sum_V2.xls - lower_africa_assessment_update.pdf. Africa - North_Africa_and_Mediterranean_Sub_Saharan_Africa.pdf. Top oil companies in Africa - Blog KPMG Africa.
ShaleGasBasinsWorld.pdf. Africa’s Oil Demand Soars By 5% Central-and-West-Africa-will-be-the-worlds-next-major-supplier-of-iron-ore. Production & Export of Critical Industrial Minerals[2005 Data] by Country. Recoverable Shale Gas Reserves by Country [2013 Data] by Country. Study highlights potential and risks of shale gas in Africa.
Africa LNG Investment and Strategy Outlook to 2020- Analysis of Infrastructure, Trade, Contracts, Market Dynamics and Business Opportunities. Mégagisements... mégaretards. 312397_10151406433008684_1513215570_n.png (PNG Image, 960 × 863 pixels) Shale gas: fracking for Africa — Good Governance Africa. Infographic: Africa's natural resource wealth - Interactive. Untitled - east_africa_whitepaper_LR_web.pdf. HOTSEAT ETHIOPIA: Can Africa's natural resources provide for the continent? pt.1. Africa Gas Rush Imperils $100 Billion in Australian LNG. From Bottom Billion to Top Trillion: Using Commodity-Backed Securities to Support the Future of Africa’s Resource Economies.
Invest Africa Episode 34: Mining Indaba 2013. Invest Africa Episode 24: Mining in Africa. Invest Africa Episode 17: Oil & Gas. Mine africa brochure.indd - Special Report on Mining in Africa_single page.pdf. Natural_Gas in_Africa.pdf (application/pdf Object) DocView (application/pdf Object) Vultures Cash in on Africa’s Mineral Wealth. Africa's Crude Oil Industry (Portfolio) Drc_shell_companies.pdf (application/pdf Object) Key_assets.jpg (JPEG Image, 607 × 488 pixels) 028022012154604000000treizepayspassesaucrible.jpg (JPEG Image, 800 × 1149 pixels) - Scaled (57%)
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