Middle East Mining News

China's CEFC paid out compensation after Rosneft stake deal fell through

CEFC had signed a deal to buy 14.2 percent of Rosneft from Qatar and Glencore when CEFC Chairman Ye Jianming was put under investigation by the Chinese authorities for suspected economic crimes.

Iran to develop small-scale gold mines

The Hassan Rouhani government is kickstarting a program for the revitalization, activation, and development of the country’s artisanal mines.

OPEC+ faces risk of new oil surplus as prices slump

A technical committee representing the coalition projected on Saturday a global oil surplus will resurface in 2019.

How to avoid the resource curse? Take 6 years to approve deals

To avoid the resource curse Afghanistan needs to stop illegal mining.

Pompeo defends temporary waivers granted for Iran oil buying

The comments come a day before U.S. sanctions on Iran’s energy and shipping are due to snap back.

Iraq's Kurds add capacity to oil pipeline to export Kirkuk crude

The link’s capacity increased to 1 million barrels a day from 900,000.

Glencore chair Tony Hayward latest to drop out of Saudi conference

Another executive pulls out of conference due to widespread concern about the fate of journalist Jamal Khashoggi.

A golden escape  

The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration’s decision in May to withdraw from the Joint Comprehensive Plan of Action (JCPA).

Iraq pumping oil at record levels, unaffected by protests

The country’s crude exports reached a record of 3.59 million barrels a day.

A Saudi Iran oil war could break up OPEC

Could OPEC be on the way out? Maybe.

Saudi Arabia and Iran reignite the oil price war

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers.

Israel seeks early re-tender of mining rights to shore up Dead Sea

The Dead Sea is seen as offering "unlimited supply" of minerals.

Egyptian copper's origin revealed

Two new studies reveal where ancient Egyptians got the red metal from.

Discovery of an ancient gold earring echoes of Greek rule over Jerusalem

A gold earring believed to date back more than 2000 years has been unearthed near the site of the ancient Jewish temples in Jerusalem, in what Israeli archaeologists called rare evidence of Hellenistic influence.

Saudis discover 1,200-year-old mining hub

Dawadmi is presumed to have been a hub from where mining products were exported 1,200 years ago.

Emerging market meltdown could undermine oil rally

Higher production doesn't necessarily mean higher oil prices are entirely out of the question.

UAE trader looking to expand into gold refining in Africa

The group is seeking a total investment of $246 million for the refineries and related processing centres, in Ghana and the Democratic Republic of Congo.

Rosneft CEO Sechin says welcomes Qatar as direct shareholder

The Qatar Investment Authority (QIA) is taking a stake in Rosneft of nearly 19 percent, after a deal with China's CEFC fell through.

Qatar steps in to buy Rosneft stake after China deal collapses

Qatar Investment Authority stepped in after the sellers -- a consortium of QIA itself and mining giant Glencore Plc -- told CEFC it wouldn’t proceed with the original deal announced in October.

Qatar Petroleum says will list 49 pct of its shares in aluminium plant

The state energy giant will list 49 percent of its shares in the country's aluminium smelter plant Qatalum in a public offering.

Bahrain could host World Jewellery Confederation Congress

In 2017, the kingdom created DANAT, the Bahrain Institute for Pearls & Gemstones.

Building the world's largest solar project

Saudi Arabia wants to pour $200 billion into solar to build the world's largest solar project. 

Egypt’s sole gold-exporting mine reports high profits

January profits for the Sukari gold mine are making headlines in the country.

The problem with our maps

Maps shape our understanding of the world – and in an increasingly interconnected and global economy, this geographic knowledge is more important than ever.

Two Englishmen find gold bars in old Iraqi tank

The estimated value of the bars is of $1.4 million