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South Africa: AngloGold On the Lookout for Growth Projects
GLOBAL gold producer AngloGold Ashanti was aggressively seeking ways to compensate for its expected production decline at current operations after four to five years, chief operating officer for Africa Neville Nicolau said on Friday.
Speaking during a conference call on the group’s March quarterly results, he said projects under consideration included deepening Moab Khotsong and Mponeng, [...]
Uzbekistan harbors energy development plans
Russia is moving aggressively to help Uzbekistan fulfill ambitious energy development plans. Since the start of 2007, one Russian state-run energy entity has signed a new production sharing agreement with an Uzbek concern, and other Kremlin-controlled firms have moved forward on an array of separate deals.
The Uzbek state-owned oil and gas monopoly Uzbekneftegaz announced the [...]
UZBEKISTAN HARBORS ENERGY DEVELOPMENT PLANS; RUSSIA READY TO HELP
Russia is moving aggressively to help Uzbekistan fulfill ambitious energy development plans. Since the start of 2007, one Russian state-run energy entity has signed a new production sharing agreement with an Uzbek concern, and other Kremlin-controlled firms have moved forward on an array of separate deals.
Namibia suspends issuing new uranium prospecting licences
Foreign mining companies after Namibia’s yellowcake are warned. The country has suspended issuing new uranium prospecting licences, as it seeks to bring order in the rush for its uranium resources.
Permanent secretary in the Ministry of Mines and Energy, Joseph Iita was quoted by the daily Namibian Wednesday as saying that no applications were currently being [...]
South Africa: Gold Fever Hits Pilgrim’s Rest Again
THE discovery of gold in the picturesque hills around Pilgrim’s Rest in Mpumalanga is unlikely to bring in a flood of hopeful prospectors to the 130-year-old former gold rush town.
The gold discovered by junior miner Simmer & Jack within the 57000ha on which it holds exploration permits, from Elandsdrift in the south to Hermansberg in [...]
Vekselberg to Dig Deep in Africa
Billionaire Viktor Vekselberg plans to invest in uranium exploration and mining projects in Asia and Africa and cash in on Russia’s global hunt for more sources of the element vital for atomic power.
Renova Group, a Vekselberg holding with $10 billion in assets, signed a partnership agreement Friday with state-owned nuclear trader Tenex. The two are [...]
Russia’s Vekselberg eyes African mining projects
Russian billionaire Viktor Vekselberg is looking to invest in mining projects throughout Africa as his Renova Group moves forward with a large manganese and ferro-alloy project in South Africa.
Vekselberg, Russia’s fifth-richest man, told Reuters in an interview on Friday Renova would complete a feasibility study into the manganese project in the first quarter of 2007.
“South [...]
PAN AFRICAN MINING ADDS DR. REINHARD RAMDOHR TO EXPANDING MADAGASCAR URANIUM TEAM
Pan African Mining Corp. (PAF – TSX Venture), (the “Company”) is pleased to announce that Dr. Reinhard Ramdohr of the Frankfurt, Germany area has now joined the Company as Project Manager of its broad-based uranium exploration program in Madagascar. Dr. J. Thomas Nash, who has served for the past year, remains an active member [...]
