Discoveries of the week: Unveiling the hidden treasures of Africa

Discoveries of the week, your guide to uncovering the resources of Africa. Series brought to you by IKL/MK

Introducing: Discoveries of the week



DISCOVERIES


image via www.mada-business.com

OIL IN MADAGASCAR


Date...........: Oct 25, 2012

Mineral........: Oil

Location......: Tsimiroro, Madagascar

Quantity......: 1.7 billion barrels of heavy oil buried 100m to 200m

Company.....: Madagascar Oil headquarters in Texas

Remarks......: Amid the hills of Western Madagascar, villagers have long
been aware of a thick sticking substance naturally seeping
out of the ground.

Source........: BBC Africa News




Hilton, Yaounde, Cameroon image via http://akobatglobalmedia.typepad.com/


OIL AND GAS IN CAMEROON

Date..............: Oct 16, 2012

Mineral..........: Oil & Gas

Location........: South-Western Region of Rio del Ray, Cameroon

Quantity........: 20 million barrels of Oil
200 billion cubic feet of Gas

Company......: Addax, subsidiary of China Sinopec

Remarks......: These estimates do not include additional upside potential
resources to be assessed during the next appraisal phase
planed in 2013.




Windhoek, Namibia











IRON ORE IN NAMIBIA

Date..........: Sept 10, 2012

Location....: Southwest Namibia

Mineral......: Iron Ore

Quantity....: 2.37 billion tons

Lifespan....: 100 years

Company..: Namibia East China Minerals Exploration and Development

WINDHOEK, Namibia (AP) — The Namibian Press Agency reports the discovery of large deposits of iron ore that are the first found in the mineral-rich southwest African country.

The agency quotes the Namibia East China Minerals Exploration and Development company as saying the deposit of 2.37 billion tons (2.41 billion metric tons) has a lifespan of about 100 years.




Dar es Salaam, Tanzania



GAS IN TANZANIA

Date: Dar es Salaam, Tanzania, East Africa

Discovery: Gas

Qty: Reserves nearly tripled from 10 Trillion Cubic Feet to 28.74 Trillion Cubic Feet with new discoveries.




Kao, Burkina Faso



GOLD IN BURKINA FASO

Date: June 12, 2012

Location: Kao, Burkina Faso, W. Africa

Discovery: Gold

Qty: 1.8 Million Ounces

Company: Riverstone Resources Inc of Canada

Source: Market Watch




Windhoek, Namibia



GAS IN NAMIBIA

Date: Apr 4, 2012

Location: Kudufield, Namibia

Discovery: Gas

Qty: 1 Trillion Cubic Feet (tcf)

Company: Tullow and Partners

Source: Bloomberg Business Week




Cabinda, Angola



PHOSPHATE IN ANGOLA

Date: May 22, 2012

Location: Cabinda, Angola

Discovery: Phosphate

Qty: 333 to 538 million tons @ 10% to 20% grade.

Company: Minbos Resources (ASX:MNB)

Source: www.proactiveinvestors.com




Kenya golf safari

OIL IN KENYA

Date: May 25, 2012

Location: Northern Turkana, Kenya

Discovery: 2 Billion Barrels

Company: Tullow Oil PLC & British Oil

Source: www.engineeringnews.co.za

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