South Africa’s chamber of mines officially filed suit this week to block the country’s challenging new mining charter. But elsewhere in the world, some of the biggest investors in natural resources are ramping up their financial commitments — to a new target region for mining and energy deals.
Latin America.
Specifically, Brazil. Where government officials announced that a major new infrastructure fund backed by China will begin accepting investment proposals this week. Continue reading
The pre-salt of offshore Brazil.The billion-barrel potential of Brazil’s pre-salt has been recognized for years. But getting into this big-upside play hasn’t been easy — given that blocks here were tightly controlled by Brazilian state developer Petrobras. With foreign operators generally confined to minority stakes in partnership with the major.
But on Friday, Petrobras did something it’s never done before. Sold a majority stake in a pre-salt block to a outside entity. Continue reading
For more on Rousseff, such as her Communist past and current Communist connections, please see HERE.
A senior Brazilian lawmaker approved impeachment hearings Wednesday over allegations against President Dilma Rousseff.
During Rousseff’s presidency, unemployment has increased, the economy has slowed, and she is accused in an oil scandal. Continue reading
RIO DE JANEIRO — Brazil’s efforts to become one of the world’s major oil producers have attracted businesses such as U.S. drilling giants Halliburton and Baker Hughes, gained it partnerships with oil companies from India and China, lured immigrants from idyllic Norway and drawn investment dollars from American pension funds in Florida, South Carolina and California.
But the prospects for success have darkened in the seven years since Brazil first identified massive oil deposits in deep water off its coast. Many fear that Brazil’s chance to become one of the world’s major energy producers is fading as the global energy landscape changes dramatically. Continue reading
Global Geopolitics 