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...
Banro acquires refurbished process plant to fast track gold production at its Twangiza project
Banro Corporation announce that it has entered into an agreement to purchase a refurbished gold processing plant (the “plant”) capable of achieving a throughput capacity of 1.3 million tonnes per annum. The closing of the purchase of the plant is expected to occur on or about September 21, 2009. This acquisition supports the Company’s strategy of advancing production through a staged...
Kansai secures future development of Migori Gold Project in Kenya
Kansai Mining Corporation announces an arrangement that will allow the further exploration and development of the Migori Gold Project in S. W. Kenya. It has reached an agreement with Anglo-African Minerals PLC “AAM”, presently a private company whereby they acquire a 75% shareholding in Mid Migori Mining Limited in exchange for a combination of cash and shares in the Irish company and an...
Chevron Sells Marketing Businesses in Kenya and Uganda
Chevron Corporation announced that its subsidiary Chevron Africa Holdings Limited has agreed to sell 100 percent of its shareholdings in Chevron Kenya Limited and Chevron Uganda Limited to Total Outre Mer S.A (Total). Under the terms of the sales, Total is to acquire Chevron’s marketing businesses in both countries. Chevron Kenya Limited and Chevron Uganda Limited’s assets include 165 Caltex-branded...
Keegan Discovers 18 Km Zone of Mineralized Stream Sediments on Mt Olives and Announces Results of NW Drilling at Its Asumura Project
Keegan Resources Inc. announce the results of the stream sediment survey on the recently acquired Mt. Olives concession at its Asumura project in NW Ghana. The most significant find of the program is an 18 km long zone of anomalous stream sediments that suggest the potential for a significant regional zone of mineralization. Keegan is currently further defining this zone with soil and augur sampling....
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...
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