Is a 12% interest rate by Glencore to itself in Mauritania “normal”?

on November 19, 2015 · Leave a Comment 

Glencore has a 79% stake in an iron ore project at Askaf North in Mauritania, via its 88% owned subsidiary Sphere Resources, which is incorporated in Australia. Sphere states in its 2014 annual report that it took a loan from Glencore at an interest rate of 12% per annum for the project. Separately, in March more »

The open data map of oil concessions extends to 18 countries in the Middle East

on November 16, 2015 · Leave a Comment 

OpenOil is happy to announce the second stage of the world’s first open data map of oil concessions – the Middle East and North Africa. The addition includes 18 jurisdictions across the region, from Oman and Iraqi Kurdistan in the east to Algeria and Morocco in the West, making a total now of 53 jurisdictions more »

Apply now for online training in financial modeling of extractives!

on November 6, 2015 · Leave a Comment 

OpenOil is pleased to announce an online training for financial modeling of extractives projects. Sign up now to learn the basics of how to model revenue flows, investor returns and fiscal regimes of oil and gas projects! Beginning on Friday November 13th, there will be five weekly Google Hangouts which walk through models of a mining more »

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