3 East African Oil Companies to Consider
Oil – While most of the world’s “cheap easy” oil has already been discovered, East Africa remains largely unexplored and boasts high potential.
Articles Tagged "africa"
Africa: The Next Rare Earth Frontier?
Rare Earth – Although rare earth prices are currently on the decline, a number of Africa-based projects are gaining momentum.
MMC Norilsk Nickel’s African Operations Deliver Significant Production Increase
Palladium – Mining Weekly reported that MMC Norilsk Nickel, which is a major Russian mining group, delivered significant palladium production output in Africa, specifically its Nkomati and Tati operations.
Mali, Niger Unrest Highlights Need for Uranium Asset Diversification
Uranium – Major companies like AREVA and Cameco understand how important it is to mitigate risks such as fighting in Mali and Nigerian resource nationalism by geographically diversifying their assets.
Kumba Iron Ore Annual Profit Falls 28%
Iron – Bloomberg reported that the owner of Africa’s largest iron ore mine, Kumba Iron Ore Ltd., said its full-year profit drops 28% on rising costs and reduced production and prices.
Tantalum in Africa
Tantalum – Tantalum from Africa is often overshadowed by conflict in one country, but the metal can be found across the continent.
First Quantum Wants Nickel-Export Levy Waived
Nickel – Bloomberg reported that First Quantum Minerals Ltd. believes the 10% levy that the Zambia government has imposed on nickel exports will threaten its newest mine and wants it waived.
Tanzania to Feed Asian Nickel-Cobalt Demand
Cobalt – Tanzanian exploration specialists are kicking off a nickel- and cobalt-focused spin off aimed at tapping China and India's growing demand for resources in Eastern Africa.
Gabon Aims to be the World’s Leading Manganese Producer
Manganese – The small African nation’s vast reserves of the metal could see it overtake South Africa for the top spot within four years.
Has Nigeria Lost $37 Billion in Oil Underpayments?
Oil – Bloomberg reported that Goodluck Jonathan, the president of Nigeria, received a report that indicates that over the last ten years the country may have lost $37 billion or more in revenue due to underpayments for oil. Jonathan plans to launch an investigation to get to the bottom of the matter.
