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Sable Exploration and Mining to acquire mining assets from Magni

Mining company Magni Investment Holdings (MiH) has announced its intention to acquire a majority stake in JSE-listed Sable Exploration and Mining - formerly Middle East Diamond Resources - and ...

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NIGERIA - Exploration History. - Free Online Library

It acquired 33 1/3% in Nigerian Agip and 35% in Elf. NNOC ran as an upstream and downstream company and the petroleum ministry had a regulatory function. On April 1, 1977, a merger between NNOC and the ministry created Nigerian National Petroleum Corp. (NNPC).

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Seplat Petroleum to acquire Eland Oil & Gas for $484m

Nigeria-based Seplat Petroleum has signed an agreement to acquire oil and gas production and development company Eland Oil & Gas for £382m ($484m). The deal comes as part of Seplat's move to become Nigeria's biggest independent exploration and production (E&P) company. Seplat's acquisition includes Eland's main asset, the OML 40 ...

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Mineral exploration software - Datamine

Our sophisticated range of products can take you from assessing ground for prospectivity and acquisition through to drilling and basic resource modelling of your mineral assets. Enhance your productivity with our advanced tools that are constantly evolving to make sure they always meet the ever-changing demands of the exploration industry.

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Tyranna resources to acquire 80% in Angola lithium project

The Acquisition is expected to be finalized by July 2022, positioning the company as the majority owner of the project. As per a binding terms sheet signed by the mineral exploration company, Tyranna will acquire Angolan Minerals via a mix of consideration shares and options, along with performance shares.

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Nigeria welcomes more investment in mining industry: official

Jul 20, 2021"The federal government has done lots of exploration on gold and other minerals to acquire data, making Nigeria a mining destination," the minister said while greeting a delegation of British firm Aurelia Mining Ltd., adding that the partnership with Aurelia was a result of such efforts.

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the procedure for oil prospecting licence in Nigeria - Resolution law firm

upon the fulfilment of the conditions set out by the minister, the holder of the opl license after discovering oil in commercial quantity and satisfies the minister that it can produce a minimum of 10,000 barrels of oil per day, can apply for the license to be converted to an oil mining lease, which will enable the company to produce and dispose .

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Ijelu Mining & Construction Company Limited - Mining Company

DIRECTOR, Ijelu Mining & Construction Company Limited Explore Ijelu Mining and Construction Sites across Nigeria. Nigeria is blessed with solid minerals and we have acquired mining lease licenses from Federal Ministry of Mines and Solid Mineral in the following states; Kogi, Kwara, Nasarawa and Oyo State.

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Guide to Mining Regimes in Africa

NIGERIA SENEGAL UGANDA SOUTH AFRICA ZAMBIA TANZANIA ZIMBABWE. LE AFRICA WWW.LEXAFRICA.COM 4 ... acknowledging the LEX AFRICA Guide to Mining in Africa 2019, as the source. ... exploration and mining operations? Mining rights can be awarded pursuant to a public tender or upon request. Articles no. 90, 91, 92 and 93 of the Mining

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Geolank - Geolank

We acquire mineral site for prospective investors by liaising with various government agencies in the industry and carry out feasibility studies. ... Geolank operates a Consultancy arm of business operation which execute series of exploration works such as Geological mapping, Geophysical surveys, Geochemical sampling alongside some forms of ...

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Etazuma Mining & Industries Limited - Hotjobsng

Apply for the latest & current Etazuma Mining & Industries Limited Jobs in Nigeria 2021. ... Eta-Zuma Group is a company of 8 separate companies with exploration licenses covering diverse solid minerals like iron ore, gold, tantalite, coal, limestone/marble, etc. In April 2009, these eight companies were acquired by Energy and Metal Industries ...

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Coeur Mining to buy Orion interest in Victoria Gold for C$117m

Coeur Mining has agreed to acquire a 17.8 percent stake in Victoria Gold Corp, a Toronto-based gold mining company, for about C$117.2 million. Iris Dorbian 12 May 2021

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Value Creation in Mining 2019: Return to Strategy - BCG Global

February 04, 2019 By Gustavo Nieponice, Thomas Vogt, and Alexander Koch After a deep five-year slide, the mining industry started to recover in 2016, aided by significant increases in commodity prices. In 2016 and 2017, the median total shareholder return (TSR) of the 63 leading mining companies in our study was 41% and 23%, respectively.

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NIGERIAN MINERALS AND MINING ACT,2007 - The iGuides

NIGERIAN MINERALS AND MINING ACT,2007 " ~,,', .,.. ':' ",.".. 'f -. ARRANGEMENT OF SECTIONS CHAPTER I-MINERALS, PROSPECTING, MINING AND QUARRYING PARTI-OWNERSHIP ANDCONTROL Or MINERALS 1. Control ofproperty in minerals, water, etc, vested in the State. 2. Prohibition of exploration or exploitation of Minerals without authority. 3.

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Nigerian Mining Industry: Opportunities for Foreign Investors

an investor may enter into the mining industry in nigeria through the acquisition of an existing mining property from the original owner however an approval must be obtained from the ministry of solid minerals development for such acquisition or by obtaining an application either for a prospecting right (pr), an exclusive prospecting licence .

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Seplat Petroleum to acquire Eland Oil & Gas for $484m

Seplat Petroleum to acquire Eland Oil & Gas for $484m Share Nigeria-based Seplat Petroleum has signed an agreement to acquire oil and gas production and development company Eland Oil & Gas for £382m ($484m). The deal comes as part of Seplat's move to become Nigeria's biggest independent exploration and production (E&P) company.

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In brief: mining rights and title in Nigeria - Lexology

May 27, 2021Private parties can acquire mining rights from the federal government. However, these rights do not confer the private party with title to the minerals in the ground. Title to minerals transfers...

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Thor Explorations: capitalising on first mover advantage in Nigeria

Segilola - the flagship Located in Osun State, Nigeria approximately 120 km from Lagos, Thor Explorations first acquired the 100%-owned Segilola project in August 2016 and renewed the project's mining licence (for 25 years) three months later in November 2016.

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What to know about Mineral Exploration Licencing in Nigeria - Nigeria ...

Sep 8, 2021The right to explore or exploit minerals in Nigeria is evidenced by the grant of a mineral title. Application for a mineral title in Nigeria can be done by a qualified applicant under the Act and in accordance with the Nigerian Minerals and Mining Regulations (NMMR) and the submission of an irrevocable consent form by land owners or occupiers.

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Legal amendments to facilitate mining in PNG | Papua New Guinea 2017 ...

To improve supervision of mining activity, the Department of Mineral Policy and Geohazards Management (DMPGM) announced two five-year plans in February 2017. The Corporate Plan and the Strategic Plan would both run from 2017 to 2022. As of mid-2017, the plans were still under review by the Cabinet. If approved, the policies are set to accompany ...

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Oando PLC - Mining Africa

Between 2000 and 2001 Ocean and Oil, a private investment firm co-founded by Benedict Peters in 1990, acquired 42% of Unipetrol. The following year Ocean and Oil led the acquisition of a 60% stake in Agip Nigeria, a rival company. In 2003 the company was renamed to Oando PLC and became known as the largest Nigerian downstream petroleum company.

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Petroleum Exploration In Uganda - PAU

In 1984 a Petroleum Unit under the Department of Geological Survey and Mines was created and in the following year the first legislation for petroleum exploration and production was enacted in 1985. The 1990s saw the acquisition of additional geological and geophysical data which was used to promote oil exploration in Uganda in International Fora.

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Who We Are - Welcome to Mosra Enerji Limited

In alignment with current Nigeria government "Coal to Power Program" planned to generate 30 per cent of electricity needed in the country from coal. Read More Mosra Enerji Limited has acquired Licences covering exploration, quarry and mining for coal (lignite and sub-bituminous), limestone, granite and iron ore across Nigeria.

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ADM Energy to acquire stake in Barracuda field offshore Nigeria

Credit: wasi1370 / Pixabay. ADM Energy has conditionally agreed to acquire a stake in the Barracuda oil field located in oil mining licence (OML) 141 in the swamp/shallow waters of the Niger Delta in Nigeria. The company will acquire a 51% stake in KONH UK, which in turn, owns a 70% indirect stake in a risk-sharing agreement (RSA) on the ...

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Petrolin :: Exploration & production

The cumulative production of the Ogbele field, since its acquisition by NDEP, at year-end 2015 exceeded 10 million barrels of oil and 36 billion cubic feet of gas. Its average production in the first half of 2020 is 10,000 barrels per day and 41,040 million cubic feet of gas per day. The Omerelu field is scheduled to begin producing in 2021.

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Managem Partners with Wanbao Mining for The Gold Mining... - Mining Turkey

March 19, 2021. Moroccan mining company Managem agreed a partnership agreement with Wanbao Mining Group for the development of a large-scale gold mining project in Sudan. Gabgaba gold mine and expansion project is located 650km from the country's capital, Khartoum. The region which mine is located, the Wadi Gabgaba has been known for its ...

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Philex Mining Corporation: Mining | Philippines 2012 | Oxford Business ...

The realised price for gold averaged at around $1500 per ounce and $3.62 per pound for copper in the first nine months of 2011. Prices were somewhat lower in 2010, reaching $1130 per ounce of gold and $3.26 per pound of copper in the first nine months of that year.

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Forty Pillars to acquire Wishbone property - Mining Weekly

Mineral exploration company Forty Pillars Mining has entered into an agreement with Origen Resources to acquire a 100% interest in its Wishbone property located in the heart of the Golden Triangle ...

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Seplat Energy to Acquire ExxonMobil's MPNU Business in Nigeria | Oil ...

When finalized, the sale will include the Mobil Development Nigeria and Mobil Exploration Nigeria equity ownership of Mobil Producing Nigeria Unlimited, which holds a 40% stake in four oil mining licenses, including more than 90 shallow-water and onshore platforms and 300 producing wells.

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Mining Professionals | Mining Company in Abuja, Nigeria, Africa

Wasia African mining Co. Ltd is a Nigerian-based mining company with RC No. 1480359. Since we started as a mining firm, we have executed exploration projects in multiple states, acquired several geophysical and mining equipment, earthmoving machinery and more importantly, we have acquired the necessary operating licenses and permits as Mining Professionals.

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Mines minister seeks funding to drive exploration

The Minister of Mines and Steel Development, Olamilekan Adegbite, is seeking more funding to drive exploration activities in the Nigerian mining sector to de-risk the sector. Monday, 5th September ...

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Mining - Ajumogobia & Okeke

A&O's advises clients in relation to mineral exploration and production. We have over the years acquired significant mining experience and are often sought out by clients for advisory on Nigeria's legal, regulatory and investment framework in the mineral sector. ... The firm has a notable presence in Nigeria's mining industry and often ...

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Seplat to acquire ExxonMobil's producing Nigeria shallow-water ...

When finalized, the sale will include the Mobil Development Nigeria and Mobil Exploration Nigeria equity ownership of Mobil Producing Nigeria Unlimited, which holds a 40% stake in four oil mining ...

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About us | Sedimental Resource | Mining Company In Nigeria Abuja

Sedimental Resources Limited leading mining firm with a competitive edge due to our large resources in modern equipment and technology company headquartered in Abuja. Sedimental focuses on Gold/silver, Iron ore, Diamond, Lead, Zinc tantalite exploration, evaluation and development on its properties in Nigeria with intention to expand Globally.

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SAExploration

13645 North Promenade Blvd, Stafford, Texas 77477. +1 (346)-874-7600. info@saexploration. Mon-Fri: 8 am to 5 pm CST. Safety.

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Sandfire to acquire MATSA copper mining complex for $1.86bn

(Credit: Mubadala Investment Company) Sandfire Resources has signed an agreement with Trafigura and Mubadala Investment Company to acquire Minas De Aguas Teñidas (MATSA) for $1.86bn. Located in the Iberian Pyrite Belt of Spain, the MATSA mining complex consists of three underground copper mining operations.

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Nigeria's Petroleum Industry Act: Addressing old problems ... - Brookings

Earlier this year Nigerian President Muhammadu Buhari signed the Petroleum Industry Act (PIA) 2021, bringing to a close a 20-year effort to reform Nigeria's oil and gas sector, with the aim of ...

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Nigeria: Will Shell's Divestment of Assets Brightens Future of Nigeria ...

Seplat paid $259.4 million for OML 53 and an additional $132 million to acquire a 22.5 per cent stake in OML 55 from Belemaoil while Amni acquired OML 52. Since then, the IOCs, particularly Shell...

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Nigerian Mining Sector Watch - assets.kpmg

The CBN, through the Presidential Artisanal Gold Mining Development Initiative (PAGMDI), purchased its first locally sourced Gold bar in July 2020. The Gold bar, which weighed 12.5kg was purchased for N268 million. This transaction signified the commencement of the FG's National Gold Purchase Programme.

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Golden Predator to acquire Viva Gold - Mining Journal

Golden Predator Mining is to acquire Viva Gold in an all-share deal valued at around C$12 million to join advanced stage gold development projects in Nevada, USA, and Yukon, Canada. Viva Gold's ...

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