Search Results for: Mozambique

BY KEITH NUTHALL

LARGE mining companies take the environment seriously today, maybe rather more than in times past. They are devoting significant resources to reducing or mitigating the environmental problems caused by mining. But what about the small and artisanal mines that pepper much of the developing world?…

BY BILL CORCORAN, in South Africa

SOUTH Africa is in a race against time to ensure the country’s

burgeoning economy is not crippled by fuel shortages, forcing its oil and gas companies to innovate to ensure security of supply, notably from neighbouring countries.…

BY KEITH NUTHALL

EUROPEAN Union (EU) ministers have been asked to approve an increase in the exploitation by EU ships of the rich tuna stocks surrounding Indian Ocean island archipelago the Seychelles. EU fishing businesses will have to pay for the privilege however: whilst the general limit on EU tonnage accessing Seychelles waters should rise from 55,000 to 63,000 tonnes, the money paid by vessel operators will rise from Euro 25 to 35 per tonne per annum, which would – said a note from the European Commission – bring fees in line with other EU tuna access agreements.…

BY KEITH NUTHALL

"TEA is known to be good for you, now it is also getting better for the environment:" so said UN Environment Programme (UNEP) executive director Achim Steiner, when launching renewable power initiatives in east Africa. UNEP is coordinating two Global Environment Facility (GEF)-financed projects greening tea production in the region, where it is a pivotal industry.…

BY KEITH NUTHALL

UNANIMOUS agreement has been secured at the European Union (EU) Council of Ministers over a recovery plan for bluefin tuna in the Mediterranean and the Atlantic. Amidst widespread concern about overfishing and low stock levels, ministers have written into EU law, stock management policies for eastern bluefin tuna recommended by the International Commission for the Conservation of Atlantic Tunas (ICCAT) in 2006.…

BY KEITH NUTHALL
EUROPEAN Union (EU) fishermen will be able to harvest 10,000 tonnes of tuna and related species from Mozambique Indian Ocean waters from this year to 2012, under a new agreement negotiated by the European Commission. This new fisheries partnership agreement, replaces an agreement spanning 2004-6, assuming it is rubber stamped by EU ministers.…

BY KEITH NUTHALL

THE WORLD Bank’s Multilateral Investment Guarantee Agency (MIGA) has guaranteed US$22.8 million’s investment from Mauritius Commercial Bank Ltd to rehabilitate Mozambique’s largest sugar estate, run by the Companhia de Sena, in Marromeu district.

ENDS…

BY KEITH NUTHALL

THERE is a large and growing list of regional money laundering organisations, with formal or informal links with the Financial Action Task Force (FATF), so a question mark could hang over why the Commonwealth is getting involved in fighting dirty money.…

BY KEITH NUTHALL

THE MULTILATERAL Investment Guarantee Agency, or MIGA, is the international organisation companies turn to when they want to invest in a jurisdiction where their assets might not be that safe. Oil and gas companies have long used MIGA to cover risks that are too tasty for the private insurance industry, and at December 2005, MIGA had supported 13 oil and gas projects, with guarantees totalling US$707 million, with a standard leverage of five-to-one, so investments covered are actually five times larger.…

BY KEITH NUTHALL

THE MULTILATERAL Investment Guarantee Agency, or MIGA, is the international organisation companies turn to when they want to invest in a jurisdiction where their assets might not be that safe. Non-ferrous metal miners and processors use MIGA to cover risks that are too tough for the private insurance industry.…