Reuters News

Angola battles to revive oil exploration as output declines

On Saturday, nearly two decades after securing the initial rights, Total’s CEO Patrick Pouyanné was in Luanda to snip the…

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Gabon to scrap corporate tax, launches offshore oil exploration round

Gabon plans to scrap corporate tax as part of a revised hydrocarbons law, and has launched a new offshore oil…

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Uranium levels force Glencore unit Katanga to halt cobalt exports

Glencore subsidiary Katanga Mining has halted cobalt exports from its Kamoto Project in Democratic Republic of Congo while it builds…

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Randgold Resources says Q3 profit jumps helped by lower costs

Randgold Resources said on Tuesday third-quarter profit rose 25 percent on the previous quarter helped by lower costs a day…

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Zimbabwe to announce winning bidders for mining assets in two weeks

Zimbabwe will announce in two weeks the successful bidders for assets owned by state-owned mining company ZMDC, including gold mines,…

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Equatorial Guinea’s energy sector gets $2.4 billion boost: ministry source

Equatorial Guinea’s energy industry has secured $2.4 billion of new investment from U.S. firms with 11 wells expected to be…

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Australia’s Invictus says it has not found oil and gas deposits in Zimbabwe

Australian-listed Invictus Energy said on Friday it had not found oil and gas deposits in northern Zimbabwe but there were…

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South Africa’s Gold Fields union to strike over job cuts

Bullion producer Gold Fields said on Thursday its majority union would embark on a strike over planned job cuts at…

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