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
OIL IN MADAGASCAR
Date...........: Oct 25, 2012
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
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.
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.
GAS IN TANZANIA
Date: Dar es Salaam, Tanzania, East Africa
Qty: Reserves nearly tripled from 10 Trillion Cubic Feet to 28.74 Trillion Cubic Feet with new discoveries.
GOLD IN BURKINA FASO
Date: June 12, 2012
Location: Kao, Burkina Faso, W. Africa
Qty: 1.8 Million Ounces
Company: Riverstone Resources Inc of Canada
Source: Market Watch
GAS IN NAMIBIA
Date: Apr 4, 2012
Location: Kudufield, Namibia
Qty: 1 Trillion Cubic Feet (tcf)
Company: Tullow and Partners
Source: Bloomberg Business Week
PHOSPHATE IN ANGOLA
Date: May 22, 2012
Location: Cabinda, Angola
Qty: 333 to 538 million tons @ 10% to 20% grade.
Company: Minbos Resources (ASX:MNB)
OIL IN KENYA
Date: May 25, 2012
Location: Northern Turkana, Kenya
Discovery: 2 Billion Barrels
Company: Tullow Oil PLC & British Oil
Your first paragraph ...