Mining firm Algold Resources will start in a few weeks a 10,000 m drilling campaign at its newly acquired Tijirit project, in Mauritania. With this campaign, the firm will be able to complete compliant Nl 43-101 resource estimation. Captal Drilling, who is in charge of drilling at the Tasiast gold mine near Tijirit, will carry out the drilling campaign. The company said it launched, when it...

According to African Press Agency (APA), the French telecom company Orange is about to complete acquisition of Liberian mobile telephony company Cellcom. The process which was launched in January 2016, by Orange Cote d’Ivoire was approved on April 5, 2016 by Liberia’s President, Ellen Johnson Sirleaf, and Liberia Telecom Regulatory Authority (LTA) on February 10, 2016. In a statement cited...

In Sao Tome and Principe, the National Oil Agency has announced that Kosmos Energy and Galp Energia will conduct seismic surveys in three oil blocks in the Exclusive Economic Zone of the country in January 2017. This declaration comes six days after Kosmos Energy obtained 65% of the interest held by Equator Exploration in block 12 of the Exclusive Economic Zone of Sao Tome and Principe, where...

The ongoing Mombasa-Nairobi oil pipeline expected to be completed by September 30 is at present behind schedule and will not be completed as planned, the Star news reports. The project is aimed at easing the flow of refined oil products from the Port of Mombasa to the market but Kenyans will have no choice than to pay an extra Sh25 billion to fund the project. The contractor in charge of the...

The Ministry of Petroleum has announced that the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS) and BP has entered into an agreements concerning transportation and the processing of natural gas in the country. This agreements includes areas of construction, transportation and processing of gas produced from the Atoll field and an investment...

Victoria Oil & Gas Plc, on Thursday revealed that the Government of Cameroon has approved the assignment of a 75% participating interest in the Matanda Production Sharing Contract (PSC) in the Matanda block from Glencore Exploration Cameroon Limited to Gaz Du Cameroun Matanda S.A. The remaining 25% participating interest in the PSC is being held by Afex Global Limited. As announced on the...

Independent Resources plc, on Thursday announce that its subsidiary Independent Resources Ksar Hadada Limited, has taken up 100% of the contractor interest in the onshore Ksar Hadada hydrocarbon exploration permit in Tunisia. Independent Resources Ksar Hadada Limited (IRKH), is at present the only contractor in the Production Sharing Contract after it successfully submitted it to Entreprise...

South African diamond mining company DiamondCorp sold, during 2016’s first quarter, 8,648 carat, the first sale at its Lace mine since 1931. From this, 6,247 carat has a diameter exceeding 1.25 mm. The firm sold them at $175/ct average, thus totaling $1.1 million. Remaining 2,401 carat come from residue production and has a diameter lower than 1.25 mm with an average sale price...

Egypt’s New and Renewable Energy Authority NREA ordered wind power group Gamesa wind turbines as part of construction project of two wind farms with a combined capacity of 160 MW. The first order involves the supplying, installation and delivery of 60 of Gamesa’s G80 turbines with a capacity of 2 MW each. The construction of the 120 MW plant was financed by Spanish government, via its Fund...

Chevron Nigeria Limited on Wednesday announced that a fire outburst resulting in the death of two employees took place at its storage facility in Escravos, Leadership news reports. According to a statement signed by the General Manager, Policy, Government and Public Affairs, Deji Haastrup, two employees of contractors of Chevron Nigeria Limited died as a result of the fire incident. He said the...