Tanzania has granted Kibo Energy seven Mining Rights for its Mbeya Coal to Power Project (MCPP). The development comes as the company continues to advance the MCPP, one of its four international power projects, which the board believes represents an exciting opportunity. “The successful delivery of the MCPP is gaining …
Read More »Kenya earns $12m from first crude oil export
A truck loaded with crude oil en route to Mombasa from the oilfields in South Lokichar. Kenya has joined the league of Africa oil exporters after its first consignment of 200,000 barrels fetched $12 million on Thursday afternoon. That means the sweet light crude sold at $60 per barrel, …
Read More »Tanzania in call for bids for CNG points across the country
Tanzania buys bulk CNG for stations and in future will be extended to locations where the stations will be built if the location will be in proximity to the current pipeline infrastructure. The Tanzania Petroleum Development Corporation is calling for investors in compressed natural gas (CNG) to establish fueling …
Read More »Govt Closes Down Tanzanite One Mine
The government has temporarily closed mining activities of Tanzanite One Mining Limited (TML). The decision follows breach of some laws and rules and will pave way for some necessary amendments of the same. The Deputy Minister for Minerals, Mr Stanislaus Nyongo said here that initial contracts were beneficial to some …
Read More »Kenya now lays ground for crude oil pipeline
An oil pipeline. Due to the waxy nature of Kenya’s crude, the pipeline will be much more expensive to build and operate than a normal pipeline because the crude will need to be heated to 85 degrees along the line. Kenyan has commenced surveying the route of the Lokichar-Lamu pipeline …
Read More »Barrick’s offer would alter Tanzania protective mining law
Canadian miner Barrick Gold Corp, the majority owner of London-listed mining firm Acacia Mining Plc, is proposing a plan that could reverse some of the gains Tanzania is seeking in a deal with the embattled company. Barrick’s proposed Framework Agreement with the Government of Tanzania seeks to have mining companies …
Read More »China’s CNOOC says it aims to take a stake in Ugandan oil pipeline.
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 …
Read More »Kenya signs milestone crude oil processing deal with firms
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 …
Read More »Kenya’s coal plant construction remains in limbo
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 …
Read More »Ethiopia lures Chinese miners
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 …
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