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Guinea Politics Looming for RusAl

CONAKRY, Guinea, December 29, 2010 (Bloomberg) - Guinea’s new President Alpha Conde is likely to ask for better terms from foreign miners operating in the West African nation, including United Company RusAl, the world’s biggest aluminum maker, according to President Dmitry Medvedev’s envoy to Africa.

Read more... Wednesday, 29 December 2010 11:27
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Russia and Ghana Cooperating in Oil Industry

By Miao Y. Huixia 

MOSCOW, October 11, 2010 (Buziness Africa) - Vagit Alekperov, Lukoil president, and Joseph Oteng-Adjei, the minister of Energy of the republic of Ghana, signed a Memorandum of Understanding (MoU) after the parties had discussed implementation of a joint project encompassing exploration, appraisal, development and extraction of hydrocarbons at the Cape Three Points Deep Water block (CTPDW).

Read more... Monday, 11 October 2010 08:41
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Ghana is due to start commercial production of oil by the end of the year.

By Emmanuel K. Dogbevi

Ghana’s largest oil field, the Jubilee oil field has been up for grabs, and oil majors from across the world are falling over each other to grab it.  And now it is the South Koreans.

Read more... Saturday, 09 October 2010 08:48
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Severstal Gets Foothold in South Africa

From Combined Reports

MOSCOW, October 4, 2010 (TMT) - Severstal made its first South African purchase, acquiring a mining technology company, and said it would consider other investments in the country's steel and mining industry.

Read more... Monday, 04 October 2010 10:15
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Tanzanian Government Signs Electricity Contract With BorodinoTanzanian Government Signs Electricity Contract With Borodino

By Miao Huixia

MOSCOW, Russia, September 24, 2010 (Buziness Africa) - The government of Tanzania, acting through the Ministry of Power Industry and Mineral Resources, and Russian-based JSC “Zarubezhstroy” (Borodino Group of Companies) signed an official memorandum on mutual understanding to construct a huge hydro power energy project under the project title “Rumakali” in Tanzania.

Read more... Friday, 24 September 2010 13:21

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