Chinese oil firm China National Offshore Oil Corporation (CNOOC) aims to take a stake in an oil pipeline being developed to export Ugandan crude, the firm said on Friday. Uganda discovered crude oil reserve about 13 years ago but commercial production has been delayed partly because of a lack of …

The Kenyan government has signed agreement with oil major Total, Tullow Oil and Africa Oil Corp to develop a 60.000-80.000 barrel per day crude processing facility for oil discovered in the county’s northwest. The petroleum and mining ministry said on Twitter on Tuesday that the head of term agreements were …

Kenya has blocked the construction of a coal plant along the country’s idyllic coastline. The station was to burn coal imported from South Africa, and would have been the first country in the region to establish such a fossil fuel plant. Environment court Judge Mohammed Balala ‘set aside’ an earlier …

Potential Chinese investors have set their eyes on Ethiopia’s mining sector for major investments.The development comes as Ethiopian authorities escalate efforts to attract foreign firms in the extraction of the country’s abundant mineral resources. Assefa Kumsa, Ethiopia’s State Minister of Mining and Petroleum said his government is inviting experienced foreign …

Toronto Stock Exchange listed East Africa Metals has executed a definitive share purchase agreement and joint venture contract with Silk Road Resources Investments to develop and operate Adyabo Project’s Mato Bula and Da Tambuk deposits located in the Tigray region of Ethiopia. The company has agreed to transfer to Tibet …

The return of licenses to 241 companies and semi-industrial diamond mining cooperatives in seven provinces of Angola will allow the creation of at least 20,000 jobs, the national director of Mineral Resources said on Friday in Dundo. André Buta, who spoke at the end of the delivery of 31 of …

The UK Takeover Panel has approved a further extension to the deadline for Barrick to make a firm offer for Acacia – first extended to 9 July 2019 and now to 19 July 2019. On the back of this announcement, Barrick notes that it is also reviewing a report by …

As mining companies increasingly look to new technologies to improve their productivity, they are starting to think differently about how they approach digitisation and automation. The prolonged slump in commodity prices – along with no significant increase in productivity gains – has meant that mines have re-calibrated their cost structures, …

The Kouri project by Golden Rim Resources is seen to be making stable drilling progress in Burkina Faso, West Africa. According to the company RC drilling commenced in the river channel area of the Footwall Shear, following up a recently obtained high-grade drill intercept of 4m at 44.7 grams per …

The Ethiopian Government has approved the mining license for East Africa Metals to proceed with the Mato Bula Gold Copper and Da Tambuk Gold Deposits at its Adyabo project within the country. The mining license agreements for Mato Bula and Da Tambuk have been formally approved by the Ministry of …