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China Mining Company Take Over 70 Percent Of Shares Tiomin Kenya
Tiomin Resources pleased to announce that has taken an important step forward and signed an investment agreement with Jinchuan Group Limited, one of the largest mining companies in China. Approval of investment, 70 percent of Jinchuan offers in Tiomin Kenya Limited. It is expected that the mining company, Jinchuan will invest $ 25 million on [...]
Future of Mining Exploration in Kenya
Even with reports that Kenya could have struck oil in Lodwar, the fuel situation in the country has been declared a crisis at the highest levels of Government. And the situation doesn’t look promising.
Industry experts now say that there is little the country can do besides planning for the future.
Kenya imports crude oil for national [...]
Canadian Mining company, Vangold Resources Ltd, Signs Deal to Explore for 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 [...]
Ethiopia licenses Swedish firm to explore oil
Lundin Petroleum AB of Sweden — through its subsidiary, Lundin East Africa — will commence oil exploration in Ethiopia before the end of the year.
Exploration manager James Phillips told The EastAfrican during a stopover in Nairobi that all the necessary agreements had been signed with Ethiopian authorities.
Keen to sign as many exploration contracts as possible [...]
Global Gold Appoints Hrayr Agnerian Senior Vice President
Global Gold Corporation (OTCBB: GBGD) (www.globalgoldcorp.com) is pleased to announce the appointment of Toronto based geologist Hrayr Agnerian of Scott Wilson Roscoe Postle Associates, Inc. to the position of Senior Vice President for Exploration and Development. Mr. Agnerian has been a member of the board of directors of Global Gold, but agreed to step down [...]
Global Gold Appoints Hrayr Agnerian Senior Vice President
Global Gold Corporation (www.globalgoldcorp.com) is pleased to announce the appointment of Toronto based geologist Hrayr Agnerian of Scott Wilson Roscoe Postle Associates, Inc. to the position of Senior Vice President for Exploration and Development. Mr. Agnerian has been a member of the board of directors of Global Gold, but agreed to step down from the [...]
Tanzania: Country Seeks U.S. Investor for Mchuchuma Coal-Power Project
Tanzania is scouting for investors to produce power from the giant Mchuchuma coal mine in one of a number of desperate measures to alleviate the frequent power cuts and the punitive loadshedding regime currently being experienced.
Industry, Trade and Marketing Minister Nazir Karamagi, who was on an official visit to New York just over a week [...]
In Africa, China Trade Brings Growth, Unease
Every time newspaper publisher Trevor Ncube visits his native Zimbabwe, he said, there seem to be more Chinese. He sees them shopping at boutiques, driving fancy cars, picking up their children from elite private schools.
And as in much of Africa, Ncube said, China’s reach into Zimbabwe’s economy is equally pervasive: The roads are filled with [...]
