Africa Tag

Schlumberger has signed a US$700 million deal with the state-owned Nigerian oil company to develop two oilfields in the West African country. The world’s largest oilfield services companies will supply the services and capital, in partnership with Nigerian National Petroleum Corporation (NNPC) and FIRST Exploration &...

Acacia Mining (LSE:ACA) has ended discussions with Canadian firm Endeavour Mining (TSE:EDV) regarding a US$3.7 billion merger deal. The news comes after Tanzania’s recent decision to impose a ban on gold and copper exports, which prompted both companies to postpone the merger talks. The merger was initially...

Glencore (LSE:GLEN) increased its holding in Fleurette Properties subsidiaries with a US$960 acquisition announced yesterday. The multi-commodity miner purchased a further 31% stake in Mutanda Mining, bringing its interest to 100%, and an approximate 10.25% stake in Katanga Mining. Taking into account the various loans Glencore has...

Rev Matale and IGF Mining offer insights into African mining industry   Reverend Suzanne Matale of Zambia spoke on the need for African governments to support mining projects for the advantage of its people. “Governments must put strong policies in place to ensure that people benefit from their...