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Mining Companies Egypt’s ASEC Will Manage Operation Of Algeria Gold Mines
Egypt ASEC is Egyptian mining company that focuses on mining exploration. ASEC Egypt has made a deal to buy 10 percent shares of the company that holds the GMA Resource gold mining operation rights Algeria. The acquisition,
Sudan Approve License Gold Mine Exploration in Red Sea Sudanese-Chinese Mining Companies
Sudan has awarded a Sudanese-Chinese companies exploration licenses for gold in the Red Sea state, an area thought to be rich in minerals.
Wits Basin Precious Minerals Agrees To Sell of China iron-ore mine to UK mining firm
Minneapolis-based Wits Basin Precious Minerals has agreed to sell 50% of subsidiary China Global Mining Resources (CGMR) to UK mining firm London Mining.
London will pay $45-million for its share of a joint venture company to be set up by Wits Basin to hold CGMR, which has the right to buy the Maanshan Xiaonanshan iron ore [...]
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 [...]
Petroleum Oil Exploration Plan in Sudan
A key rebel leader in Sudan’s troubled Darfur region has singled out oil companies as military targets, particularly from China, posing a threat to the Asian nation’s crude imports and adding to the mounting challenges it faces over its involvement in Africa.
In a face-to-face interview with Dow Jones Newswires, Abdelwahid Nur, head of one of [...]
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 [...]
Oil Mining in China : China’s CNPC invests in oil refinery in Chad
China’s largest oil producer, China National Petroleum Corp (CNPC), has agreed to invest in a joint venture oil refinery near the capital of Chad, state media reported Saturday.
A subsidiary of CNPC, the CNPC Service and Engineering Ltd, has signed an agreement with the central African country’s government to jointly invest in a refinery company to [...]
Hassan on Petronas’ future plans
Petronas president Tan Sri Hassan Marican, in a separate interview with Azam Aris and Surin Murugiah from The Edge Financial Daily after announcing its financial results for the year ended March 31, 2007, provides an insight into the company’s operations and future plans. Here are excerpts of the interview:
FD: Another record profit year for Petronas. [...]
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 [...]
