Commodities Cycle Archive

In late October, the Miners Association of Nigeria held its first Mining Week summit, part of the country’s attempts to jump-start its promising but seriously neglected and underperforming mining sector. The summit hosted local miners, junior and senior mining operators, exploration firms, local and international investors and Nigerian government officials, all focused on re-establishing Nigeria as a global mining hub. Nigeria’s expansive mineral wealth is no secret. During British colonial rule, which ended in 1960, the country ranked among the world’s top producers of tin. Later geological surveys in the 1970s, which were recently updated between 2003 and 2010, helped […]

A recent call for a vote of no confidence in Chad’s government over its management of the country’s oil wealth shows the level of anger among Chadians as they grapple with one of the most serious economic crises in years. Chad, which depends on oil for more than 70 percent of government revenue, has been brought to its knees by the dramatic fall in the world price of a barrel of oil since 2014. Having registered 6.9 percent annual growth in 2014, Chad’s economy is expected to contract by 1.1 percent this year, according to the International Monetary Fund, with […]