Angola Mining Report Q1 2009:
The slump in global commodities prices is likely to have a severe impact on Angola’s mining sector, with producers already beginning to scale back operation in the country. The diamond sector is likely to be the hardest hit, as demand falls and prices drop. In January 2009, Russian diamond company Alrosa [...]
04 Jun
Posted by admin as Angola Mining Industry News
Hydro Explore Aluminium and Hydroelectricity Opportunities in Angola:
Hydro and the Government of Angola signed a Memorandum of Understanding on Tuesday to explore the feasibility of an integrated project for hydropower and aluminium production.
If realized, the project will represent a long-term opportunity for Hydro that could also provide a significant boost to social and economic [...]
04 Jun
Posted by admin as Angola Mining Industry News
Marathon Oil Corporation (NYSE: MRO) announced today that its subsidiary, Marathon International Petroleum Angola Block 31 Limited, has participated in the deepwater Oberon discovery well in the southern area of Block 31 offshore Angola. Oberon is Marathon’s 30th discovery on Angola Blocks 31 and 32.
The Oberon discovery well is located approximately 250 miles off the [...]
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