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... 

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Recent Election Strengthens Democracy of Oil Rich Angola

The world witnessed a step towards a fundamental element of peace, stability and socio-economic development when Angolan citizens voted during the legislative poll held September 5, 2008. An Australian professional mining company CityView Corporation is rewarded for its foresight and now revels in a most enviable position. Oil is the backbone of Angola’s economy and they have some of the most ambitious... 

Sub-Saharan Natural Gas Conference Draws Independents & Majors

A number of independent and major exploration and production companies will attend a forum focusing on development of Sub-Saharan Africa’s prodigious natural gas reserves, September 3 & 4 in Houston. Among the organizations that will be represented at the meeting are: Artumas Group, Chevron, Citigroup, ConocoPhillips, Marathon Oil Corporation, PetroSA, Repsol YPF, Sasol, Fortesa, Hyperdynamics,... 

Nigerian Troubles Benefit Sub-Saharan Natural Gas Development; Zeus Survey Explores

Violence, corruption and unrealistic demands from foreign investors have benefited natural gas development across Sub-Saharan Africa by driving investment from Nigeria into many other competing countries. A study by Zeus Development Corp. finds that 29 of 47 countries that comprise the subcontinent are now improving gas-development policies and advancing projects. “From Senegal around the Cape... 

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”... 

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Frost & Sullivan Commends General Cables’ Efforts in Energy Exploration and Value-Added Services

Frost & Sullivan presented General Cable with the 2008 North American Frost & Sullivan Award for Growth Excellence in the Energy Cables market. The Award recognizes General Cable for serving a diverse set of customers, with wide ranging applications, on a truly global scale. The company has achieved consistent growth in the world interconnects space – a feat that is as much a measure of... 

ExxonMobil Foundation Announces $1 Million Grant to Support Angola’s National Malaria Control Program

ExxonMobil Foundation announced today a grant of $1 million to USAID to support the efforts of the Ministry of Health in Angola to strengthen and extend malaria prevention and control in that country. The grant was presented at a ceremony in Luanda, Angola, January 30. James R. Riley, ExxonMobil’s Manager of Government Relations and Public Affairs Business Support, made the announcement on behalf... 

Gazprom probes Equatorial Guinea for oil and gas

Gazprom, the world’s largest producer of natural gas, and Russia’s largest enterprise, has disclosed that it is considering a plan to explore for gas and oil in Equatorial Guinea. A Gazprom spokesman told Mineweb that Gazprom’s deputy chief executive, Alexander Medvedev, was in Equatorial Guinea this week, and met the President, the Minister of Power, and the head of Sonagas, Guinea’s... 

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African oil giant Angola seeks OPEC membership

Angola, sub-Saharan Africa’s second largest oil producer, is seeking to join the Organisation of Petroleum Exporting Countries to reap the gains of being within the cartel, the government has said. “The council of ministers has said it backs Angola joining OPEC,” finance ministry spokesman Bastos de Almeida told AFP Thursday. “By joining OPEC, Angola will no longer be excluded... 

Oil & gas discoveries in Zambia

Lusaka – Zambia is planning to invite foreign firms to conduct exploratory drills for oil and gas after the first-ever reserves were found near the border with Angola, the government said on Monday. Samples taken at a dozen sites in the north-western provinces of Zambezi and Chavuma over the weekend confirmed gas and oil residues in the impoverished southern African country which has previously...