Petra Diamonds to Sell Botswana Assets for $0.3 Million
Petra Diamonds, one of the largest independent producers of diamonds in Africa, plans to sell its exploration assets in Botswana to Botswana Diamonds for $300,000 and a5% royaltyon future revenue. [...]
China's Huaxin Cement Buys Tanzanian Unit of ARM Cement
Huaxin Cement has bought the Tanzanian unit of Athi River Cement (ARM) Cement, Maweni Limestone Limited, to complete one production plant. A joint statement from PwC and Huaxin reveals that [...]Tullow Oil Issues Notice of Force Majeure to Kenya's Ministry of Petroleum
Africa Oil Corp announced that Tullow Oil had submitted notices offorce majeureto the petroleum ministry. The notices, according toa news releasefrom Africa Oil Corp, are as a result of the [...]Shanta Gold Buys Kenya's Acacia Exploration
Shanta Gold, a gold mining company listed on the London Stock Exchange, has acquired Acacia Exploration Ltd, at a cost of KSh1.45 billion ($14.5 million). Acacia Exploration is a Kenyan [...]
