PTT's $1.9bn bid for Cove trumps Shell

Thailand's PTT Exploration and Production has trumped Royal Dutch Shell's bid for Mozambique-focused explorer Cove Energy by offering 1.220billion pounds ($1.9-billion), highlighting international interest in East African gas finds. Cove...

East Africa to join world gas giants

To East Africa's assets of spectacular wildlife, abundant land and shimmering beaches you can now add gas - so much gas it could transform global energy flows along with some of the world's poorest countries. Finds announced just last week off...

Kibali ‘firmly set’ for production by late 2013 – Randgold

Miner Randgold Resources technical and capital projects executive John Steele said on Tuesday that the group’s experience in developing gold mines in Africa and its partnerships with the Democratic Republic of the Congo (DRC) communities were...

Company Announcement: Select Signs Share Sale Agreement To Acquire Tanzanian Coal And Uranium Prospecting Licenses

Select Vaccines Limited is pleased to advise that it has executed a formal share sale agreement with Mauritian based explorer Indigo Metals Limited to acquire 100% of the issued capital of two wholly owned Mauritian entities and their subsidiaries

Grindrod keen on Prasa, West African iron-ore projects

Grindrod was interested in participating in the Passenger Rail Agency of South Africa’s (Prasa’s) proposed R136-billion rolling stock renewal programme, said Grindrod freight services division CE Dave Rennie on Wednesday. He said the...

AECI to expand into Africa, Asia and South America

Industrial chemicals and explosives manufacturer AECI is continuing to look at expansion opportunities for its explosives business, AEL Mining Services, into markets beyond South Africa, especially the rest of Africa, Asia Pacific and South...

Company Announcement: Oil and Gas Boom in Southern and East Africa

“Growth projections for oil and gas in Southern and East Africa are the best they have ever been,” says Nick de Blocq, Business Development Manager at Schlumberger East and Southern Africa. “The region holds a treasure trove of opportunities...

Growing dependence on rental power

Temporary power rental services company Aggreko will be exhibiting its bespoke power packages that suit a range of locations, climates and conditions at this year’s Investing in African Mining Indaba.

Company Announcement: CHALICE AGREES REVISED TERMS WITH ENAMCO FOR SALE OF 30% OF ZARA PROJECT

ENAMCO to make US$3M payment now with balance due at completion of SFECO transaction Chalice Gold Mines Limited (ASX: CHN; TSX: CXN) advises that it has agreed to vary the payment and completion terms of its agreement with the Eritrean National...

African Barrick to miss 2011 target

African Barrick Gold will fall short of its 700 000 oz production target for 2011, as power outages in Tanzania had cost it between 35 000 oz and 40 000 oz of gold in the financial year. The majority of this impact had been at the Buzwagi mine,...

Kenya grants first-ever gold mining lease

Kenya is set to join the league of gold-producing nations following the granting of the first mining lease to UK company Goldplat.

Company Announcement: $7.5 Million Capital Raising Completed

Jacka Resources Limited is pleased to provide the following update on the completion of its recent capital raising.