NIGERIA

Enugu coal-powered power plant to produce 1,000 megawatts

ENUGU state will soon be a major hub in power transmission as PHCN plans to draw 1000 megawatts from coal- powered electricity. Minister of Power, Professor Barth Nnaji, made the disclosure while responding to the address of Governor Sullivan Chime of…

How whetted is your risk appetite? Gold diggers explore the final frontiers

As attractive deposits become harder and harder to find in traditional markets miners are pushing the limits of the political risk they are willing to take on. But things can go spectacularly wrong.

Nigeria sees first iron ore output in 2012

Reuters reports Nigeria expects the first significant iron ore production next year from its 3 billion tonne Itakpe iron ore deposits as it looks to reduce its dependence on oil and gas revenues, a government official said Friday.

FLSmidth wins large cement project in Nigeria

Company Announcement to the Danish Financial Supervisory Authority No. 13-2011, 22 June 2011. FLSmidth has received an order from the Nigerian company, BUA International Limited, to supply a complete 6,000 tonnes per day cement plant in Nigeria.

Astra plans Frankfurt listing, inks Nigerian deal

Diversified Australian miner Astra Mining announced on Wednesday plans to list on the Frankfurt Stock Exchange before the end of August after two days earlier inking a deal to enter the Nigerian market and further expand its global presence.

Deal-hungry Astra Mining’s global portfolio includes gold and tin interests in south east Asia and southern India, coal mines in Australia, iron ore in India, manganese in Africa and the commercialisation of a new high-strength steel technology from a base in Hungary.