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South Africa Mining Exploration Project Rule, New Code to Evaluate Mining Project
A commite operation of mining exploration in South Africa makes new clauses for mining company with value input in each project of mine operation by mining companies, especially mineral mine company. This regulation will be implemented in the next month.
Following statement of chief commite Samrec-samsal :
“The Samval code would apply to projects with different stages [...]
Sterling Firm Exports To Nigeria And Beyond
The international transaction between a Sterling and Nigerian company began with an e-mail inquiry.
Kayode Thomas, the Nigeria- and UK-based CEO and managing director of Bell Oil & Gas, contacted Inovex Industries about distributing its Virginia-made products in the oil-rich west African nation. Thomas found Inovex online and wanted to distribute its tire sealants first in [...]
Tullow Oil: Record 2006 Interim Results
Tullow Oil plc (”Tullow”) (LSE: TLW), the independent oil and gas, exploration and production Group, announces its interim results for the six months ended June 30, 2006. These results have been prepared in accordance with the Group’s policies under International Financial Reporting Standards (IFRS).
Tullow had a strong first half of 2006. Trading and production reached [...]
Dutch billionaire conservationist dies
Billionaire Paul Fentener van Vlissingen, one of Scotland’s wealthiest foreign residents, who owned an 80,000-acre estate, has died of cancer, his personal secretary said today. He was 65.
Van Vlissingen resigned as chairman of SHV Holdings NV after being diagnosed with pancreatic cancer in May 2005 and returned to his castle in Langbroek, Netherlands, from his [...]
Dutch Billionaire Van Vlissingen Dies
Billionaire Paul Fentener van Vlissingen, whose family company owned the Makro retail chain and who donated millions to nature conservation causes, has died of cancer, his personal secretary said Tuesday. He was 65.
Van Vlissingen resigned as chairman of SHV Holdings NV after being diagnosed with pancreatic cancer in May 2005 and returned to his castle [...]
Oil-addicted America finds a temporary fix in Africa
From last fall to early spring the crude oil flowing from offshore fields near the Akwa Ibom River tropical delta in Nigeria supplied the South Elgin, Ill., Marathon gas station 8,000 miles away with roughly one-quarter of its oil.
That was just part of the torrent of foreign-bought crude that prompted President Bush, one of the [...]
Peak-oil theory warns tank’s almost empty
FORGET pipeline problems in Alaska. The real elephant in the corner is “peak oil”. This issue is in the same category as global warming – although there is a division of opinion as to whether or not it’s real, it is probably prudent to assume the worse-case option.
Peak oil is the point at which it [...]
New Tiberius fund targets junior explorers
European investors will soon be spoilt for choice when it comes to putting money into resources companies that have potential to defy the general commodity trend when Tiberius launches its new exploration fund at the end of October.
The fund will be guided by four experienced geologists based in Johannesburg, who also have a well of [...]
South Africa: Russia’s SA Man May Go in Putin Reshuffle
YURY Trutnev, the Russian minister in charge of economic relations with SA, may be replaced soon, say ministry sources and a Moscow newspaper report.
Trutnev has served just two years as the federal natural resources minister. His removal follows the start of sweeping personnel changes ordered by President Vladimir Putin in the security ministries, customs, the [...]
