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Kenya crude oil capacity economically unviable for refinery

Crude oil deposits discovered in Kenya are insufficient to justify construction of a refinery, a senior petroleum ministry official said on Tuesday. Kenya discovered commercial oil in 2012 in its Lokichar basin, which Tullow Oil estimates contains an estimated 560 million barrels in proven and probable reserves. Tullow has said this would translate to 60,000 to 100,000 b... Read more

International mining forum opens in Sudan

  The Fourth Annual Sudan International Mining Forum and Exhibition opened on Monday in capital Khartoum, with more than 40 countries in participation. “This forum is convened under very complicated regional and international circumstances,” said Sudan’s Prime Minister Mutaz Musa, when addressing the forum’s opening session. The current challenge... Read more

US investors demand $96m for loss of Rwanda contracts

  A group of US investors have taken Rwanda to an international court, seeking compensation of $95 million after the government seized their mining concessions, effectively denying them operating licences. The suit before the International Centre for Settlement of Investment Disputes (ICSID) is a setback to Rwanda’s mining sector, which has lately gone through a se... Read more

Rwanda tin mine collapse kills fourteen workers

Fourteen people have been killed in a tin mine in eastern Rwanda after a hill collapsed on them following heavy rains, officials said. "Because of recent rainfall in the area, part of the hill nearby collapsed and 14 miners who were getting ready for work were buried by land," Fred Mufuruke, governor of Eastern province, told Reuters news agency on Monday. ... Read more

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Africa is home to an estimated 30% of the worlds remaining minerals. However, many mineral rich countries are still poor because of a number of reasons like poor governance of their natural resources, untapped resources and archaich minerals laws which do not provide for royalties or provide for low and insignificant royalties among others. Congo has risen up against this, a move which the mining companies have not taken lightly and are up againt. READ MORE