Energy & Mining – Industry News

Strong turnout for tender on African iron-ore rail line – Sundance, By Reuters, Posted on

PERTH – In a sign appetite for African resources could be turning, an international tender to build a 500 km rail line across Cameroon to haul iron-ore will close next month, with the winner known early in 2014, said Sundance Resources. The line leading to the Atlantic would provide the only means to export millions of tonnes of ore Sundance and other companies are hoping to mine in West Africa. Africa’s iron ore explorers are largely out of favour with Western investors. As a result, prospectors like Sundance, Bellzone and West African Minerals have seen their shares fall about 70 percent this year. [Read More…]  

Sable Mining Moves Closer To Key Infrastructure Deal In Liberia, By Tom McIvor, Posted on LSE

LONDON (Alliance News) – Sable Mining Africa Limited Tuesday said its subsidiary West Africa Exploration S.A. has entered into a memorandum of understanding with the Government of Liberia. The AIM-listed iron-ore exploration mining company said the deal would enable the parties to conduct discussions and negotiations over a binding infrastructure development agreement for the purposes of exporting iron ore products from the Nimba project in the Republic of Guinea. The company said the deal would relate to the use and operation of both rail and port infrastructure by WAE and the deal should progress the Nimba Project towards commencement of operations in 2015. [Read More…]  

Share Purchase Agreement and Directorate Changes, Posted on

LONDON, UNITED KINGDOM, Nov 26, 2013 (Menafn – Marketwired via COMTEX) –Amara Mining plc (aim:AMA) 26 November 2013 AIM:AMA TSX:AMZ Amara Mining plc (“Amara” or “the Company”) COMPLETION OF SHARE PURCHASE AGREEMENT WITH AMLIB HOLDINGS PLC ANDDIRECTORATE CHANGES Amara Mining plc, the AIM listed West African focused gold miningcompany, is pleased to announce the successful completion of the sharepurchase agreement (the “Agreement”) with Amlib Holdings plc (“Amlib”)for the acquisition of the entire issued share capital of AUMJ Limited,which was first announced on 07 November 2013. The Company alsoannounces the appointment of Mr Alexander John Davidson as aNon-Executive Director. [Read More…]  

South Africa: Miners Believed They Were Invincible, By Jonisayi Maromo, Posted on

Pretoria — Police crime intelligence gathered information that protesting Marikana mineworkers had performed muti rituals and believed they were invincible before the August 16 shootings last year. Brigadier Adriaan Calitz told the Farlam Commission of Inquiry in Centurion on Tuesday that even though the strikers believed they were invincible police had to intervene to curb the violent strike. “We had received intelligence that there was this story around the muti and these people believed that the police would not be able to do anything to them. They believed that their [police] weapons would not be able to do anything. [Read More…]  

Petrofac Limited shares gain on lucrative Oman contract, By Roberta Murray, Posted on Offshore 

Energy and mining news: Petrofac, Iran, ENRC, Energy bills, Royal Dutch Shell, Sable Mining Africa and BP. Petrofac Limited (LON:PFC), the oil and gas services provider, rose strongly this morning after saying that its 50/50 joint venture (JV) with Korean based Daelim Industrial has been awarded a $2.1bn engineering, procu rement and construction contract by Oman Oil Refineries and Petroleum Industries, reports ShareCast. Iran – The interim deal between Iran and six world powers hammered out in the small hours of November 24th to curb the former’s nuclear programme is a long way from perfect, but it meets two key tests. [Read More…]  

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