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"
Rare Earth – Although rare earth prices are currently on the decline, a number of Africa-based projects are gaining momentum.
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.
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.
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 – Tantalum from Africa is often overshadowed by conflict in one country, but the metal can be found across the continent.
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.
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.
Manganese – The small African nation’s vast reserves of the metal could see it overtake South Africa for the top spot within four years.
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.