Officials from Coal India Ltd., a state-owned monopoly, will next month visit Mozambique to examine a coking-coal mine the company plans to acquire along with Steel Authority of India Ltd. and three other government-run companies.
“A team is scheduled to go to discuss technicalities and other details,” Chairman Partha Bhattacharyya said today in an interview from […]
PAN AFRICAN MINING CORP. (the “Company”) reports progress on its four Mozambique gold projects during recent months. Each is the subject of a joint venture or similar agreement with a strategic partner, where the Company manages and funds exploration and development of the project in its earlier stages in order to earn a controlling interest. […]
Visitors to the poor south-east African country of Mozambique are often taken aback at the cost of getting around. “Is petrol is problem,” taxi drivers in the capital Maputo retort when challenged over fares that begin at 100 meticais (close to 4 dollars) for a journey of no more than a couple of blocks.
Spiralling oil […]
Canadian-based, Vangold Resources Ltd, has signed a production sharing contract (PSC) with Kenya’s Ministry of Energy to explore oil on Block 3A in the North Eastern Province.
This is the third exploration contract to be signed with an international oil company in three weeks.
Block 10A went to Camec International of the UK, Block 11 to the […]
Petropac has made MoU to make oil channel and gas from Maputo in Mozambique and its supply to markets in South Africa.
This new investment after Petropac on the market by Petroline, a consortium stockholder South African and Mozambican. From this invesment Petropac will get return of certain cost and initial expenses to do study elegibility.
Facility […]
PAN AFRICAN MINING CORP. (the “Company”) is pleased to report that reprocessed geophysics data, generated by independent geophysical contractor Scott Hogg & Associates Ltd. of Toronto (”SHA”), has confirmed strong diamond targets on the Company’s license area in Botswana. As previously reported in May, two blocks of Prospecting Licenses in Ngamiland, Botswana encompassing a combined […]
The Mozambique government has approved the mining contract for the exploitation of the Moatize coal project, in the northwestern province of Tete, said Companhia Vale do Rio Doce (CVRD) in a statement.
The contract has a duration of 25 years, which can be extended.
The project involves the exploitation of an open-pit mine for 35 years, with […]
Denison Mines Corp. (”Denison”) (TSX:DML)(AMEX:DNN) is pleased to announce a new takeover offer to acquire all of the remaining shares of OmegaCorp Limited (”OmegaCorp”) (ASX:OMC) (including any shares issued on exercise of an option issued in OmegaCorp) that Denison does not already own at a price of AU$1.30 per share, for a total consideration of […]
Oil companies, both western and Asian, are hunting in earnest for oil and gas in East Africa, a still largely under-explored region, as energy nationalism in Russia, Venezuela and the Middle East closes off opportunities in more proven areas.
“East Africa, for a frontier area, is experiencing one of the highest levels of investment in the […]
PAN AFRICAN MINING CORP. (the “Company”) is pleased to report that the Botswana Geological Survey has now granted six Prospecting Licences (”PL’s”) to its local, wholly owned operating subsidiary PAM Botswana (Pty) Ltd. These three-year licences, designated PL’s 063-068/2007, form two separate diamond exploration target blocks, with a combined area of 5476 km2, located in […]