Mining Weekly reported that according to Rowan Karstel, CEO of Beacon Hill Resources plc (LSE:BHR), the Tete coalfield, located in Mozambique, has more development potential over the next 10 years than other sub-Saharan coal mining areas.
Articles Tagged "africa"
Universal Coal plc (ASX:UNV) announced yesterday that production has started at its South Africa-based Kangala coal mine.
Here's a look at past and current uranium mining activity in Mauritania, Gabon and Zambia.
Diamonds are Botswana's top export, but its reserves of the gems will reportedly be depleted by 2029. Coal may end up being the country's saviour.
Areva recently closed two mines in Niger as the company continues negotiations with the government. Meanwhile, Greenland and Denmark could reach a uranium mining agreement by the end of the year.
It's an exciting time in the uranium industry for Africa, as countries that have not yet supplied the mineral in the past are beginning to explore and develop mines.
Bloomberg reported that this week, Kenya plans to sign a concession accord with China's Fenxi Mining Industry Co. to develop a deposit containing 400 million metric tons of coal. The move will allow the country to tender 31 more blocks spread across counties in both the north and south of the nation.
An exciting period of growth has hit oil exploration and development in North Africa.
Bloomberg reported that droughts in southwest Africa's Namibia has uranium mines operating the area facing water shortages. Some of the operators include Rio Tinto and Paladin Energy.
Forte Energy NL (ASX:FTE,AIM: FTE) announced that they have entered into an agreement to acquire private company Leo Mining and Exploration Limited.