Guinea gives mining companies until August 31 to return export proceeds

Guinea authorities, Thursday August 3, gave August 31 ultimatum to mining companies operating in the country to repatriate at least 50 per cent of their revenues from exports. The warning came from the ministry of Mining and Geology, citing articles of the Guinea’s mining Code. Moussa Magassouba head of the department addressed the companies in […]

Morocco-Gas exploration: Encouraging results from Anchovy-2 drilling confirmed

Reacting to the press release issued this Monday by the British firm Chariot energy company announcing a major gas discovery offshore the northern Moroccan city of Larache, the Moroccan Office for Hydrocarbons and Mines (ONHYM) confirmed the encouraging results from the Anchovy-2 drilling off Larache. ONHYM said, in a statement, that “following the encouraging results […]

DRC bans ex-president Kabila’s party over allegations of rebel ties

The Democratic Republic of Congo (DRC) has suspended the political party of former president Joseph Kabila, accusing him of high treason over alleged links to the Rwanda-backed M23 rebel group. The Interior Ministry announced the suspension of Kabila’s People’s Party for Reconstruction and Democracy (PPRD) and ordered the seizure of assets belonging to him and […]