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Issue 374 - 26 July 2018

Guinea renews search for infrastructure investment

Guinea is seeking to attract badly needed development funds by emphasising to mining companies that any agreement on minerals concessions should include an infrastructure component. A delegation led by mines minister Abdoulaye Magassouba and minister for investment and public-...

Issue 374 - 26 July 2018

Guinea

Issue 374 - 26 July 2018

Zambia cost-of-service study faces obstruction and delay

Zesco and senior officials are determined to press ahead with tariff increases despite the stalling of a cost-of-service study that was intended to form the basis of a new multi-year tariff determination. Negotiations have been under way since last year with large consumers,...

Issue 374 - 26 July 2018

Zambia

Issue 373 - 12 July 2018

Guinea: Vedanta signs bauxite deal

Emirates Global Aluminium (EGA) and India’s Vedanta Limited signed an agreement on 4 July under which EGA will supply Vedanta from 2019 with bauxite from its mining project in the Boké region. First bauxite exports from EGA’s $1.4bn Guinea Alumina Corporation (GAC) project are...

Issue 373 - 12 July 2018

Guinea

Issue 373 - 12 July 2018

Kenya: Lake Turkana added to List of World Heritage in Danger

A World Heritage Committee meeting in Manama decided on 28 June to inscribe the Lake Turkana National Parks on the List of World Heritage in Danger, citing the impact of Ethiopia’s Gibe III dam on the site.The committee expressed concern about the changes affecting the hydrology...

Issue 373 - 12 July 2018

Kenya

Issue 373 - 12 July 2018

Tanzania: Aminex farm-out

Aminex subsidiary Ndovu Resources Limited has signed a farm-out agreement with Omani conglomerate The Zubair Corporation for a 50% working interest in the Ruvuma production sharing agreement. Aminex, which will receive $5m in cash plus carry costs of $35m in respect of its...

Issue 373 - 12 July 2018

Tanzania

Issue 373 - 12 July 2018

Nigeria: Petrobras close to selling Akpo, Agbami stakes

Petrobras is close to agreeing the sale of its 50% stake in the Petrobras Africa joint venture which has upstream exploration and production assets in Nigeria, Brazilian financial daily Valor Econômico reported on 10 July. The sale could yield the company about $1.3bn towards...

Issue 373 - 12 July 2018

Nigeria

Issue 373 - 12 July 2018

Tanzania/Zambia: Governments mull Tazara rail privatisation

The governments of Tanzania and Zambia are planning to privatise the Tanzania-Zambia Railway Authority (Tazara) to improve management of the 1,860km route from Dar es Salaam in Tanzania to New Kapiri Mposhi in Zambia. Tazara said in 2016 that it needed around $250m of short-term...

Issue 373 - 12 July 2018

Tanzania, Zambia

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