Lion Energy receives conditional acceptance from TSX Venture Exchange for farm-in with Africa Oil
Further to a release on May 28,2009, Lion Energy Corp. announces that it has received conditional acceptance from the TSX Venture Exchange for its farm-in agreement (the “Agreement”) with Africa Oil Corp. (“Africa Oil”), a member of the Lundin Group of Companies. Final Acceptance is subject to the confirmation of certain matters with the TSX Venture Exchange. The Agreement relates...
Jinchuan Purports to Terminate Purchase of Tiomin Kenya
Tiomin Resources Inc. reports that Jinchuan Group Limited (‘Jinchuan’) of China, purports to have terminated the Investment Agreement to purchase 70% of Tiomin Kenya Limited (‘TKL’) and the Kwale project. Tiomin seeks clarification from Jinchuan concerning its notice of intent to terminate the transaction, which was scheduled to close on October 29, 2009. Bob Jackson, CEO, said...
Geovic Mining Appoints Conrad Houser as President of Geovic Energy
Geovic Mining Corp. announced the appointment of Conrad B. Houser to the position of Senior Vice President, as well as President of Geovic Energy Co., a wholly-owned subsidiary. Mr. Houser has more than 25 years experience in international mining activities, including project management, strategic planning, finance, administration, mine design, environmental permitting, compliance, and marketing. Additionally,...
Jinchuan Board Approves Tiomin Kenya Purchase
Tiomin Resources Inc. announce that the board of directors of Jinchuan Group Limited (‘Jinchuan’) has approved the Memorandum of Understanding (‘MOU’) in which Jinchuan acquires 70% of Tiomin Kenya Limited (‘TKL’), a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project (‘Kwale’ or ‘the project’), for US$25 million...
Tiomin and Jinchuan Sign Agreement to Develop the Kwale Titanium Project
Tiomin Resources Inc. is pleased to announce that it has signed a Memorandum of Understanding (‘MOU’) with Jinchuan Group Limited (‘Jinchuan’) of the People’s Republic of China for Jinchuan to invest US$25 million directly into Tiomin Kenya Limited (‘TKL’), a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project (“Kwale”...
Kenya Ministry Invites Coal Mining Bids
International companies have been asked to bid for a tender to extract coal in parts of Kitui and Mwingi districts. The Ministry of Energy asked interested firms to bid for the last phase of the exploration in the Mui basin as part of efforts to determine the commercial viability of the reserves. This comes in the wake of rising global oil prices, which have in turn pushed up the cost of basic goods...
Kenyan petroleum firm in new investments
The state-owned Kenya Pipeline Company (KPC), has laid out plans for a Liquid Petroleum Gas(LPG) plant in the country`s coastal city of Mombasa at a cost of US$50 million, authorities announced here Monday. A similar plant would soon be constructed in Nairobi, after an Indian firm, BARAT Ltd, was awarded the tender at a cost of US$30 million for being the lowest bidder. KPC chief executive, George...
Global Petroleum sinks on Sokwe South decision
Global Petroleum continued its nosedive today as the oil explorer said the L7 joint venture has decided not to drill Sokwe South No. 1, offshore Kenya in this drilling campaign. This follows Tuesday’s disappointment when it said the Pomboo-1 exploration well in Block L-5 of the Lamu Basin in Kenya has been plugged and abandoned after failing to find hydrocarbons. “It is important that the...
Tiomin announces delay of its mineral sands project in Kenya
As foreshadowed here on Mineweb on November 22nd, Tiomin Resources Inc. (TSX: TIO) announced yesterday that construction of its Kwale mineral sands project in the east African country of Kenya has been delayed to allow the Kenyan government resolve land wrangles with resident farmers, provide access to the project site and fulfill remaining conditions required by the contractual arrangements between...
Kenya: Lamu Oil Drilling Ship Safe From Somalia War
The offshore oil drilling ship stationed in the Indian Ocean off Lamu, MV Chyuku is safe from the spill over of violence in neighbouring Somalia. The assurance was made by Woodside Energy Kenya General Manager, Mr Alex Taylor. “Everything is fine, and work is going on,” Taylor told The Standard on telephone, when asked whether the vessel was secure following break out of fighting in Somali. US...
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