First Independent Mena Newspaper
Australia’s Fortescue Metals Group has taken another step forward in its hopes of developing an iron ore mine in Gabon after it signed a majority-owned joint venture agreement with the country’s government. The world’s fourth largest iron ore miner announced Friday (19 August) it had struck an agreement with the government of the West African […]
Australia-based Invictus Energy plans to start drilling its first exploration well for oil and gas in Cabora Bassa location in the northern part of Zimbabwe by early September. The first well, Mukuyu-1, will be 3.5 km deep at a cost of $16m, said Paul Chimbodza, chairman of the Australian company’s local subsidiary Geo Associates on […]
Canadian mining company “Gold Lion” announced on Thursday the development and exploration of a manganese mine in Morocco by signing a letter of intent to acquire a 50% interest in a mining license from Ermazon SARL, a wholly owned subsidiary of Elcora Advanced Materials Corp. Manganese is an electric vehicle or “EV” metal used to […]
Bahrain has launched its tendering process to award a 20-year contract for local or international bidders to build, own, operate, and maintain grid-tied solar photovoltaic (PV) power panels with a minimum capacity of 72 MWac in multiple premises located in Sakhir, south of the kingdom, Trade Arabia reports. The solar panels are to be built […]
The European Union is planning a five-fold increase in financial support to 2024 for the mission of the Southern African Development Community’s (SADC) in Mozambique, according to an internal EU document, as Islamist attacks threaten gas projects meant to reduce the EU’s reliance on Russian energy. The SADC mission — a bloc of 16 African […]
UK’s renewable energy developer TuNur plans to invest $1.5 billion in building an export-oriented solar power plant in Tunisia with a capacity of 500 megawatts, the North African country’s state-run news agency announced Tuesday. Daniel Rich, the CEO of the British company made the announcement as he met with Tunisia’s Minister of Economy and Planning […]
South Africa’s coal sales to Europe rose eight-fold during the first six months of 2022 compared with last year as demand for the fossil fuel surged ahead of a ban on Russian coal, according to Thungela Resources, a South Africa-based thermal coal exporter. The European Union banned Russian coal imports in response to the invasion […]
Israeli companies Enlight Renewable Energy Ltd. and natural gas producer NewMed Energy announced on Monday that they will jointly launch renewable energy projects in Morocco and other Arab countries signatories of the U.S. brokered Abraham Accords. According to Bloomberg, both companies will work with local partners to help them with their future projects focusing on […]
Libya’s state-run oil company, National Oil Corporation (NOC), plans to increase oil production to 2 million barrels per day as most of the country’s oil fields resume operations. Chairman of NOC, Farhat bin Qadara, said a medium-term plan will be outlined to achieve this goal, which will extend from three to five years and that […]
Iraq’s government has agreed to continue supplying Lebanon’s electricity company with heavy fuel oil for another year, Zawya reports. Najib Mikati, the Lebanese caretaker Prime Minister, Thursday, said he made the request to Iraqi Prime Minister Mustafa al-Kadhemi, who agreed to extend the agreement signed last year under the same terms. In July 2021, Baghdad […]