SOME 10 million US dollars (17.22bn/-) has been closed in escrow and up to 3,642,857 common share purchase warrants for an institutional lender that will provide money to develop Buckreef gold mine project jointly owned by Tanzanian Royalty Exploration Corporation (TRX) and State Mining Corporation (Stamico).
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Posted on : Tuesday , 16th December 2014
CAMAC Energy has announced that its wholly owned subsidiary, CAMAC Energy Gambia Ltd has awarded a contract for the acquisition of a 3D seismic survey to Polarcus Limited covering approximately 1,504 km2 in the Company’s A2 and A5 blocks offshore Gambia.
Posted on : Tuesday , 16th December 2014
A delegation of 10 US companies have last week met local investors in a bid to build investment networks in energy, infrastructure and agribusiness. The delegation of 15 representatives from the companies was led by Corporate Council for Africa, an American-based business lobby firm.
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Posted on : Monday , 15th December 2014
At least least 400 leading Indian pharmaceutical companies see Tanzania, which has a population of just under 45 million, as a highly promising market they ought to capture.
Posted on : Monday , 15th December 2014
CIL officials said that India would start receiving coal from the Mozambican mine within the next three to four years.
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Posted on : Monday , 15th December 2014
According to the company, the newly opened factory is part of the country's move to position itself and East Africa as a key investment hub in sub-Saharan Africa.
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Posted on : Monday , 15th December 2014
Adelia Pimentel, marketing and communications executive at SEIFSA, said, “It is of paramount importance that companies play a crucial role in socio-economic upliftment and are recognised for their contributions and encouraged to continuously do more.”
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Posted on : Monday , 15th December 2014
Keen on expanding its small electricity generation capacity to support an industrialisation drive, the east African country is currently pursuing several multi-billion-dollar projects, most of them in hydropower generation.
Official.... Read more » Posted on : Monday , 15th December 2014
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North Africa is one of our strategic core regions,” explained Maximilian Fellner, General Manager of RWE Dea Egypt. “In Egypt, Dea can look back upon three decades of oil production and we recently doubled our overall production in the country through getting our onshore gas project Disouq on stream. We are delighted about these success stories and will continue on this track, as we see further potential in the region.”
Posted on : Monday , 15th December 2014
Madagascar Oil has announced that following discussions held at the Executive Committee meeting regarding Blocks 3105, 3106 and 3107 on 9 December 2014, the Company’s wholly owned subsidiary, Madagascar Oil S.A., has written to the Office des Mines Nationales et des Industries Stratégiques (“OMNIS”) formally requesting a two year extension to the exploration period of each of the Exploration Blocks.
Posted on : Monday , 15th December 2014
Block operator in Block 2B Taipan Resources has announced that together with other joint-venture partners, have executed a contract with Greatwall for the GW-190 land rig and have also contracted Aberdeen-based Norwell Engineering to manage the drilling operations of the Badada-1 well.
Posted on : Friday , 12th December 2014
Kenyan President Uhuru Kenyatta has just opened the world’s largest single turbine geothermal power plant, which will add 140 Megawatts (MW) to the country’s national electricity grid. The project is viewed as a major boon for development initiatives and poverty reduction in Kenya and is anticipated to reduce electricity costs in the nation by 50 percent by early 2015. The Olkaria IV power plant cost $126.5 million to build and is expected to have an immediate effect on .... Read more »
Posted on : Monday , 15th December 2014
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