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Uganda Expands its Oil Exploration With 2 new Partnerships 1 Oil & Gas International 

Uganda Expands its Oil Exploration With 2 new Partnerships

Constance
Uganda’s administration has agreed to extend its oil exploration via its recently signed agreements with two oil firms. The government revealed on January 12th, that the country’s cabinet consented to the signing of production-sharing agreements (PSA) for two oil exploration blocks between two oil firms, including a unit of Australia’s DGR Global. The deal was approved on Monday 10th January during a cabinet meeting, where members voted for the new exploration opportunity. According to a statement issued by Godfrey Kabbyanga, a junior information minister, the cabinet on Monday, approved the… Read More Here
North America’s Top Mining CEOs Anticipate Turbulent Year Ahead 2 Copper Gold International 

North America’s Top Mining CEOs Anticipate Turbulent Year Ahead

Constance
Top executives from North America’s biggest metals producers are bracing for a turbulent 2023 marked by recession, geopolitical risks and an uncertain investment climate that could change the face of mining. The year “is going to be seen as the start of serious change — in the way mines operate and are held accountable,” Barrick Gold Corp. Chief Executive Officer Mark Bristow said in an interview. “The scenario that’s playing out across the globe is a very interesting dynamic, and honestly I don’t think anywhere is perfectly safe to invest… Read More Here
American Company Secures Tender for Electricity Production from Methane Gas in Lake Kivu, In DRC 3 Oil & Gas Electricity Mining in DRC Mining Supply Tenders 

American Company Secures Tender for Electricity Production from Methane Gas in Lake Kivu, In DRC

Constance
According to Bloomberg, Symbion Power, an American company, has been awarded the tender for the production of electricity from methane gas in Lake Kivu, as announced by Didier Budimbu Ntubuanga, the Minister of Hydrocarbons. The American agency Bloomberg also reported the confirmation from Paul Hinks, managing director of Symbion, who stated that the project involves the Makelele block of methane gas. He further mentioned that the operation will be carried out in partnership with Renewable Energy Developments. The project specifically involves converting 60 megawatts of gas into electricity, with an… Read More Here
Toubani Resources Appoints Bill Oliver and Kerry Griffin To Its Technical Management Team. 4 Mining Personality International 

Toubani Resources Appoints Bill Oliver and Kerry Griffin To Its Technical Management Team.

Constance
Toubani Resources Inc.  has announced the appointments of Bill Oliver and Kerry Griffin to its technical management team, effective immediately.  Toubani said both men bring a wealth of experience to the company and will be instrumental in driving its exploration and resource development strategy as the company initiates a concerted effort to unlock the significant geological potential at the Kobada Gold Project in Southern Mali. In a statement, Toubani chief executive officer, Phil Russo commented: “I am excited to welcome Bill and Kerry to Toubani, who both have extensive experience… Read More Here
MMG’s Las Bambas Halts Mining On Safety Fears 5 Mine Safety International 

MMG’s Las Bambas Halts Mining On Safety Fears

Constance
TVPeru Noticias reported that activities at MMG Ltd’s Las Bambas copper mines have been suspended due to unrest at another nearby mining site, citing a union leader. Erick Ramos Luna, union leader at the MMG’s Las Bambas mines, stated that the company made the decision to stop work at the mine on Friday in order to protect workers from violence as roads were blocked and protests continue over the ouster of leftist President Pedro Castillo last month. A representative for MMG did not provide a comment. Erick Ramos, union leader… Read More Here
UK’s $1.15 bln funding For Mozambique LNG Project lawful 6 Oil & Gas International 

UK’s $1.15 bln funding For Mozambique LNG Project lawful

Constance
A London court has upheld the legality of the British government’s $1.15 billion funding for a liquefied natural gas project in Mozambique, dismissing an appeal brought by Friends of the Earth on Friday 13.01.2023 The environmental campaign group had asked London’s Court of Appeal to rule the British government wrongly decided funding the project, led by French energy company TotalEnergies, was compatible with the Paris Agreement on climate change. UK Export Finance (UKEF) has committed to provide direct loans and guarantees to banks to support the design, build and operation… Read More Here
Final Resource Drilling Results Received At Ewoyaa 7 Battery Metals Exploration International 

Final Resource Drilling Results Received At Ewoyaa

Constance
Atlantic Lithium, the funded African-focussed lithium exploration and development company targeting to deliver Ghana’s first lithium mine, has announced final assay results from the resource and exploration drilling programme completed at the Ewoyaa Lithium Project in Ghana, West Africa. On the latest progress of the company, Lennard Kolff, Interim CEO of Atlantic Lithium, commented, “We are seeing positive results as drilling continues to uncover high-grade drill intersections beyond the existing MRE (Mineral Resource Estimate).” Thes last batch of results has delivered multiple near-surface drill intersections in new pegmatites defined outside… Read More Here
Zambia To Source African-refined Oil 8 Oil & Gas Mining in Zambia 

Zambia To Source African-refined Oil

Constance
In an attempt to lower fuel prices, Zambia has shown keen interest in importing fuel from its neighbor Angola Zambia plans to acquire stakes in Angola’s Lobito refinery located in Benguela Province along the Atlantic Coast. Zambia’s President Hakainde Hichilema announced during his visit to Angola that Zambia will invest in the under-construction Lobito refinery, set to be completed in 2026. President Hichilema also expressed interest in trading for Angolan refined oil after meeting with Angolan President João Lourenço. In a press conference, President Hichilema stated that it is illogical… Read More Here
Exploration Begins At Marula Mining’s Bagamoyo Project 9 Battery Metals Exploration International 

Exploration Begins At Marula Mining’s Bagamoyo Project

Constance
Marula Mining has announced that initial exploration activities at the Bagamoyo graphite project in Tanzania have commenced. This follows the announcement made on 30 November 2022, when Marula secured a 73% commercial interest from local Tanzanian company Kusini Gateway Industrial Park in 22 granted graphite mining licenses located in Tanzania. Marula Mining PLC’s CEO, Jason Brewer, stated: “I am thrilled to announce that Marula is making significant progress on its battery metals projects in Africa, which have proven to be a very promising portfolio.” “Since signing the agreement with KGIP… Read More Here
The Price Of Gold At More Than 1900 USD Per Ounce 10 International Gold 

The Price Of Gold At More Than 1900 USD Per Ounce

Constance
On Friday 13.01.2023 gold prices reached an eight-month high, surpassing the crucial $1,900 mark, as a decrease in US inflation increased the likelihood of a slower pace of interest rate hikes from the Federal Reserve. Spot gold increased by 0.9% to $1,914.42 per ounce, reaching its highest point since April 2022. Similarly, U.S. gold futures rose by 0.9% to $1,916.20 per ounce at the close of trading. The US dollar weakened following the inflation report and is on track for its worst week in over a month, making gold less… Read More Here

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