Reuters reported that Iran’s president Mahmoud Ahmadinejad visited uranium-producing Niger on Monday as part of its aim to deepen its ties with Africa.
Articles Tagged "africa"
The US Geological Survey estimates that the coastal areas of Mozambique and Tanzania could hold more than 250 trillion cubic feet of gas. After decades of being overshadowed by other gas-rich areas, this Southern African nation is proving a rich hunting ground for natural gas exploration.
While most of the world’s “cheap easy” oil has already been discovered, East Africa remains largely unexplored and boasts high potential.
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.
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.
Bloomberg reported Paladin Energy Ltd. (ASX:PDN) plans to make up to three deals in the next few months selling off minority stakes in some projects.
Labor disputes related to uranium mining operations in Africa have gained prominence recently, with several companies reporting strikes. The impact could be considerable if continued challenges become more widespread.
Reuters reported Paladin Energy Ltd (TSX:PDN,ASX:PDN) said employees at its Kayelekera mine in Malawi went on strike on Friday demanding higher pay.
Reuters reported that the National Oil Corporation of Kenya and Japan Oil, Gas and Metals National Corporation have signed an agreement to evaluate Kenya's onshore petroleum reserves.
East Africa is proving to be an enticing market opportunity for natural gas explorers hoping to take advantage of future market upswings.