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Nigeria Expand and Develop Mineral Mine Exploration Make Regulation for Mining Exploration
Federal Government has identified seven minerals for national development, inister of Mines and Steel Development, Chief Sarafa Isola, said in Abuja yesterday.
He told the News Agency of Nigeria (NAN) that the minerals were Gold, Lead/Zinc, Barite, Bitumen, Limestone, Coal and Iron Ore. Isola said that Nigeria was well-endowed with myriad of solid minerals, but that [...]
African Oil Exploration : Ghana enters oil age with wary eye on neighbours
Ghana enters oil age with wary eye on neighbours Find could bring wealth, but some fear petrodollars may hinder economic recovery.
For years the question has puzzled Ghanaians: surely, in a region awash with oil, their country had some black gold of its own? Last month they got their answer. Ghana does have oil, and lots [...]
Uranium Funds Points to Near-Term U3O8 Price Decline
Nuclear Market Review [NMR] editor Treva Klingbiel reported in this week’s issue, “Two sellers that were evaluating bids in response to their auctions have concluded their evaluations and have decided not to sell at this time.” She added, “Both sellers preferred to make delivery in June while most bidders were seeking delivery for several months [...]
Grande huile au Cambodge minuscule : Le fardeau de la nouvelle richesse
Still clawing its way out of the ruins of its brutal past, Cambodia has come face to face with an extraordinary new future: It seems to have struck oil.
Exploratory drilling began two years ago, and the oil giant Chevron says it has found potentially huge deposits off the southern shore. The company has not made [...]
Africa’s new colonialists?
When China signed trade deals worth $1.9bn with African countries last November, without any conditions on reforms and human rights, a German development official warned Africans they risked becoming Chinese subjects.
“Our African partners really have to watch out that they will not be facing a new process of colonisation,” Karin Kortmann, Parliamentary State Secretary at [...]
IMICON 2007 to Spur Mining Expansion in Nigeria
The nation’s mining sector is on the threshold of a major expansion, as the 2nd International Mining Investment Conference and Exhibition on Nigeria (IMICON 2007) will take place from February 13 to 15 2007, at the Transcorp Hilton Hotel, Abuja.
The forum, described as the biggest annual mining event in the country, is being organised by [...]
Venezuela, Oil Producers Buy Euro as Dollar, Oil Fall (Update1)
Venezuelan leader Hugo Chavez is directing a growing share of the country’s oil profits into euros as the dollar and crude prices fall.
The dollar, down 9.5 percent against the euro this year, may face more pressure in 2007 because Venezuela and oil producers from the United Arab Emirates to Indonesia plan to funnel more money [...]
