Africa

News tagged with Africa on Mining Top News

Mayfair Mining and Minerals, Inc., Forms a Joint Venture Mining Company and Expands Activities Into Malawi

July 29th, 2008
Mayfair Mining and Minerals, Inc., Forms a Joint Venture Mining Company and Expands Activities Into Malawi

Mayfair Mining & Minerals, Inc. is pleased to announce that it is expanding its interests and activities within the Southern African Development Community by the formation of a joint venture mining company in the country of Malawi, for the purpose of pursuing additional gemstone and metal mining licences.
The Republic of Malawi is a landlocked country [...]

Baker Hughes Incorporated on regional operating profit

July 21st, 2008
Baker Hughes Incorporated on regional operating profit

Baker Hughes Incorporated announced that the company is providing corrected information for regional operating profit before tax for its Middle East Asia Pacific (MEAP) and Europe, Africa, Russia, Caspian (EARC) regions for the thirteen quarters from the quarter ending March 31, 2005 through the quarter ended March 31, 2008 and is identified on the attached [...]

Homeland Energy Group’s Kendal Mine Produces First Coal

July 16th, 2008
Homeland Energy Group’s Kendal Mine Produces First Coal

Homeland Energy Group Ltd. is pleased to announce first coal production from its Kendal Mine in the Witbank area of South Africa, approximately 50km east of Johannesburg. To date, approximately 8,000 tonnes of coal has been mined from the first of three open pit areas. Processing of the coal through the Company’s Parnaby wash plant [...]

ECP’s initial $30 million investment to help develop one of largest salt reserves in world

July 16th, 2008
ECP’s initial $30 million investment to help develop one of largest salt reserves in world

Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, today announced a U.S. $30 million initial investment in Salt Investment S.A. (SI). The company is a new Djibouti-based salt production and export company that will harvest, wash and export salt extracted from Lake Assal, the largest undeveloped salt [...]

Hyperdynamics Sees New Quarterly High for Production and Revenue

July 12th, 2008
Hyperdynamics Sees New Quarterly High for Production and Revenue

Hyperdynamics Corporation announced that its Louisiana based oil production operations reported gross oil sales of approximately 15,592 barrels for the 4th quarter ending June 30, 2008. The Company’s revenue derived from this production is approximately $1,260,000. This sets a new production record and represents the highest quarterly revenue ever for the company.
June oil sales held [...]

Uranium International Corp. Appoints Marek Kreczmer as President and Director of the Board

July 9th, 2008
Uranium International Corp. Appoints Marek Kreczmer as President and Director of the Board

The Board of Directors of Uranium International Corp. has appointed Marek J. Kreczmer as the President/Chief Executive Officer and a member of the Board of Directors of Uranium International effective as of July 9, 2008.
Mr. Kreczmer, M.Sc., P.Eng., has been a geologist and mining executive for more than 30 years. He has worked for major [...]

Trico Marine Announces Its Recently Filed Registration Statement On Form S-3 Declared Effective by SEC

July 6th, 2008
Trico Marine Announces Its Recently Filed Registration Statement On Form S-3 Declared Effective by SEC

Trico Marine Services, Inc. (NasdaqGM:TRMA) (the “Company” or “Trico Marine”) announced that the Company’s registration statement on Form S-3 (SEC File No. 333-151666), relating to (i) Trico’s previously issued $300 million aggregate principal amount of 6.50% Senior Convertible Debentures due 2028 (the “convertible debentures”), (ii) up to 7,422,069 shares of Trico Marine Common Stock issuable [...]

Occidental to Develop Major New Texas Enhanced Oil Recovery Assets, Increasing U.S. Production

July 1st, 2008
Occidental to Develop Major New Texas Enhanced Oil Recovery Assets, Increasing U.S. Production

Occidental Petroleum Corporation announced an agreement with SandRidge Energy to develop a West Texas hydrocarbon gas processing plant and related pipeline infrastructure that will provide carbon dioxide (CO2) for use in Oxy’s enhanced oil recovery (EOR) projects. The new CO2 resources are expected to expand Oxy’s Permian production by a minimum of 50,000 barrels [...]

Acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd. Closed Today in Accordance With Plan of Arrangement

June 28th, 2008
Acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd. Closed Today in Accordance With Plan of Arrangement

Pan African Mining Corp. announce the closing today of the Plan of Arrangement and related transactions contemplated by the Arrangement Agreement dated May 9, 2008, as amended June 17, 2008, among Asia Thai Mining Co., Ltd., 0819615 B.C. Ltd., the Company and African Queen Mines Ltd., a newly formed subsidiary of the Company. A Final [...]

Dimension Resources fails to get diamond mining co; pretax loss widens

June 28th, 2008
Dimension Resources fails to get diamond mining co; pretax loss widens

Dimension Resources Ltd. said it failed to get approval from the South African Reserve Bank to acquire a diamond-mining business in South Africa.
The company also said it did not get a company that produces oil for bio-diesel as it could not secure title to company’s assets.
The company reported it widened its full-year pretax net loss [...]