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20/07/2017
Orezone Announces Appointment of New Director
 
07/07/2017
ENDEAVOUR ANNOUNCES THE RETIREMENT OF ITS COO
 
31/05/2017
RETIREMENT OF DEPUTY CHAIRMAN - Mineral Deposits Limited
 
 
 
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   13/12/2011
 
Kenya awards Chinese company coal mining rights
 
Reuters reports that China's Fenxi Mining Group has been chosen out of 16 firms to develop coal mines in its Eastern Province, where production is expected in the next three years.
 
The coal which would be for local use, should be mined within two and a half years from the start of concession."

Fenxi will pay the government $3 million for block C and $500,000 for block D, in return for a renewable concession of 21 years, subject to approval by parliament.

It will also allow the government to have an 11 percent participation in the project, sharing gross revenues at a rate of 23.6 percent for block C and 21.1 percent for block D, he added.

Kenya is hoping that coal from the Mui basin, where block C is estimated to contain a minimum of 400 million tonnes, will help it to save foreign exchange through substitution of coal and oil imports.
 
Source: Reuters

 
 
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