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December 2, 2008 9:21:49 AM CST


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Britain to Claim Antarctic Seabed

Bid follows this summer's Arctic territory scramble

(Newser) - Britain will submit a claim to the UN for 386,000 square miles of Antarctica, its foreign office said today, joining the international race to grab a piece of the mineral- and oil-rich territory as global warming makes it more accessible. The move violates a 1959 treaty, which Britain signed, that blocks new claims other than for scientific research, but it's based on proximity to the British Antarctic Territory, which was claimed in 1908 and contains two British scientific stations. More »

More about:  Great Britain climate change United Kingdom oil gas Antarctica natural gas natural resources sovereignty mineral resources

Chinese Seek Fortune in Africa

To satisfy country's thirst for oil, emigrants strike it rich out west

(Newser) - A growing number of poor Chinese are flocking to Africa, hoping to cash in on the destitute continent’s infinite growth potential. China is building factories in eastern Africa, and trade between the two burgeoning economies ballooned to $55 billion last year. The eastern entrepreneurs are diving into every sector of the African market—from diamonds to ice cream—but oil is particularly piquing their interest. More »

More about:  China oil Africa World Bank trade Tanzania Chad Zambia mineral resources

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