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West Africa

Liberian iron ore project to be developed

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.

 

 

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<em>Randgold chief <br />executive Mark <br />Bristow</em>
Randgold chief
executive Mark
Bristow
Randgold investors reject US$4 million award to CEO

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.

 
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<em>The Wawa I <br />exploration well operating<br /> off the coast of Ghana</em>
The Wawa I
exploration well operating
off the coast of Ghana
Ghana oil output to more than double by 2021

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.

 
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<em>Bonikro in Côte d'Ivoire<br /> is owned and operated<br /> by LGL Mines CI SA, <br />a local company 89.89%<br /> owned by Newcrest Mining</em>
Bonikro in Côte d'Ivoire
is owned and operated
by LGL Mines CI SA,
a local company 89.89%
owned by Newcrest Mining
Côte d'Ivoire sets minimum investment for prospecting licences

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.

 
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<em>Part of the Simandou<br /> iron ore project in <br />Guinea</em>
Part of the Simandou
iron ore project in
Guinea
Rio unlikely to develop Guinea iron mine, former Minister

The Rio Tinto Group is unlikely to develop its US$10 billion iron ore project in Guinea in the foreseeable future as the African state struggles to fund the transport links required for the massive operation.

 
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DRC Oil & Gas Summit 2013
17 - 18 September 2013,
Kinshasa, DRC
iPAD DRC 2013
9 - 11 October 2013,
Kinshasa, DRC
Katanga Briefing 2013
15 - 17 October 2013,
Lubumbashi, DRC

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