Tanzania to offer oil/gas exploration blocks in October

Tanzania plans to offer seven deep offshore blocks and one onshore block in October for oil and gas exploration, state-run Tanzania Petroleum Development Corporation (TPDC) said, in a region that has become a hotbed for gas discoveries. TPDC said...

Santos calls for regulatory stability

The chairperson of oil and gas major Santos has called on the Australian government to maintain regulatory stability in the country, ensuring future investments. Speaking at the annual general meeting, chairperson Peter Coates noted that...

Stratex evaluates potential acquisition opportunities

Aim-listed Stratex International continues to evaluate potential acquisition opportunities and its management was optimistic that it could use its cash balance of £17-million to provide further growth for the company. Nonexecutive chairperson...

Shanta opts for hedging amid volatile gold price environment

The volatile gold price environment, the early stage production profile of Aim-listed Shanta Gold and its planned upcoming capital spend to boost production, has prompted the company to commit to several forward-sale contracts for part of its...

Base metals forecast to outpace precious metals in 2013

If demand for base metals proves promising– owing to their link to infrastructure and urbanisation – countries hosting base metals, particularly copper, will benefit, states minerals consultant Venmyn Deloitte exploration manager Andrew de...

Russian group planning to start uranium mining in Tanzania after granting of licence

Russian company ARMZ Uranium Holding has announced plans to start uranium mining in Tanzania after being granted a licence for its Mkuju River mining project in the south of the country.

African countries urged to rethink use of mineral revenues for poverty reduction

The outlook for economic growth across sub-Saharan Africa remained robust for the forthcoming three years, but a new World Bank analysis shows that poverty is not declining at a similarly robust pace, particularly in those African economies that...

Shanta raises New Luika production forecast

East Africa-focused gold producer Shanta Gold expects to recover around 430 000 oz of gold at an average blended grade of 6.3 g/t at its New Luika gold mine over the next five years. This was an increase from previous figures indicating the...

Company Announcement: Gas Week 2013

Awakening the Sleeping Gas Giants of Africa

CRU’s Burnside warns of potash overcapacity and oversupply

Canada’s potash sector is a leviathan in the nation’s mining industry; it accounted for almost 30% of global supply during 2011, with the value of production that year reaching $7.97-billion, according to the Mining Association of Canada. The...

Company Announcement:Gas Week 2013 Diary Announcement

Inaugural and comprehensive event addressing all regulatory, technical and commercial developments in shale gas, CBM and offshore gas exploration and production

Rwanda installing computerised mining cadastre system

Information technology company Spatial Dimension began work on an 18-month project last month to implement its computerised mining cadastre system, FlexiCadastre, for the Rwandan Geology and Mines Department, which is the mining sector regulatory...