Total SA (FP), France’s largest oil producer, is selling a stake in an exploration block off the Angolan coast to Angolan state petroleum company Sonangol Pesquisa e Producao SA, as part of an asset-disposal programme.
ASX-listed and Australian-based Tawana Resources ‒ which has reinvented itself from a Southern African diamond explorer into a Liberian-focused iron ore and gold explorer ‒ is undertaking a strategic review of potential financing and partnership options to advance development of its Mofe Creek iron ore project in Liberia.
Investors in Africa-focused gold miner Randgold Resources have staged a rebellion against a US$4 million share award for the company's boss, with 39% voting against what one advisory group called an “excessive” package.
Ghana, West Africa’s second-biggest economy, expects oil production to more than double to 250,000 barrels a day by 2021 as output continues to rise at the Jubilee field, and other sites start pumping.
Mining companies seeking an exploration license in emerging mining destination Côte d'Ivoire are now required to have a minimum investment budget US$1.2 million, according to a document from the West African country’s Ministry of Mines, Oil and Energy.