Sasol Petroleum Sofala, a wholly owned subsidiary of Sasol Petroleum International, has completed its first exploration well, Njika-1, in Block 16/19 in Mozambique. The well is located in waters at a depth of 460 meters and was drilled to a total depth of 1615 meters. The well accessed the predicted targets and measurements indicate the [...]

AFRICAN QUEEN MINES LTD. announce that effective at the opening on Thursday, October 16, 2008, its Common Shares will commence trading on the TSX Venture Exchange under the symbol “AQ.” The Company presently has 34,465,292 Common Shares outstanding. The Company’s Common Shares were distributed to the former shareholders of Pan African Mining Corp. in connection [...]

Sasol Petroleum International (SPI) has obtained a 51% working interest in four hydrocarbon prospecting licenses covering a land area of 37 000 square kilometers, close to established gas fields in the “foreland” area of Papua New Guinea. Seismic surveying is scheduled to commence in October 2008.
The exploration work will be carried out by newly formed [...]

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 [...]

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 [...]

State-run NTPC Ltd , India’s top power producer, is looking to buy majority stakes in Indonesian coal mines with reserves of up to 300 million tonnes to secure supplies and manage costs, its chairman said on Monday.
Another government company, Power Trading Corp , also announced plans to buy coal mines in Indonesia, following the footsteps [...]

Ispat Industries’ promoter Pramod Mittal-owned Global Steel Holdings Limited has signed up mining leases for iron ore and coal reserves in Brazil, Colombia and Mozambique.
A GSHL spokesman confirmed the development, saying it has signed multiple iron ore leases with Brazil and for thermal and coking coal exploratory blocks with Colombia and Mozambique.
While the spokesman [...]

For major mining companies such as Rio Tinto and BHP Billiton, the future life is a combination of their exploration work and enterprise: to find things on their own, to be approached by other companies in deals , or make acquisitions.
Rio growth with Alcan bought last year and is now off fighting an attempt by [...]

PAN AFRICAN MINING CORP. is pleased to announce that it has identified seven new nickel laterite targets within its license area in Madagascar. These targets were identified by the detailed analysis of recently flown airborne magnetic and radiometric surveys in conjunction with the processing of Landsat remote sensing data. Detailed analysis was performed by consulting [...]

PUBLIC SECTOR coal giant Coal India Limited (CIL) is foraying into the power generation space and plans to invest over Rs 20,000 crore for the development and acquisition of new and existing coal mines over the next 5 years.
CIL plans to ramp up coal production to a level of 521 million tonne by 2012 from [...]