South Korea Interested to Invest Oil Exploration Project in Ghana
Ghana’s largest oil field, the Jubilee oil field has been up for grabs, and oil majors from across the world are falling over each other to grab it. And now it is the South Koreans.
Since Komos Energy put up their stake in the Jubilee field for sale, Ghana has been in the spotlight, as major oil companies including state-owned companies shove each other aside to acquire the stake.
In July 2009, the Indian state-run Oil & Natural Gas Corporation (ONGC), expressed interest in buying Kosmos Energy’s stake in the field.
And then in August 2009, the Chinese revealed their interest in the field. The China National Offshore Oil Company (CNOOC) showed keen interest in buying the stake. The Chairman of CNOOC, Fu Chengyu told the Reuters news service that China was bidding for the stake. “We are participating in the bid,” he was reported to have said. The bid was put at $3 billion to $5 billion.
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March 21st, 2010
Lithium is the stuff of mine who has a bright future to be developed, because lithium is the basic ingredient used to manufacture the battery several modern portable electronic devices such as I-Pods, cell phones, laptop computers and found the electric-powered cars.
Chief executive of mining company Sutti Piero gave a statement to Reuters, that the mining companies have found deposits of lithium and Potash in the central Mexican state of Zacatecas. Lithium deposit is estimated to reach 800 million pounds.
India is the global expansion of coal mining in some countries that have the potential for coal mining. Little has been done several coal mining investments in Australia and established a subsidiary in Mozambique coal mines in two coal mining concessions. Currently, the Indian coal mining companies interested in buying small coal properties in the United States. Chairman little is negotiating with the U.S. coal mining company.