Showing posts with label DRC news. Show all posts
Showing posts with label DRC news. Show all posts

Friday, 24 September 2010

Congo and Areva in uranium exploration talks


Democratic Republic of Congo and France's Areva are in talks over possible uranium exploration at a now-closed site that once produced material for the Hiroshima bomb.

Mines Minister Martin Kabwelulu and Areva's Africa Chairman Zephirin Diabre met this week, both parties confirmed, and additional discussions were likely into next year.

"We are looking to have all the geological data available before a meeting in Paris," Kabwelulu told Reuters by text message on Thursday, adding that the next meeting was likely to take place in March 2011.

"All I can confirm is that they did indeed meet," a spokesperson for Areva told Reuters by email.

Congo's largest uranium mine, Shinkolobwe, provided the uranium that went into the atomic bomb deployed by the United States on Japan in 1945 during the Second World War.

The site in the south of the vast and minerals-rich central African country was officially closed in 2004, but the United Nations has since cautioned that radioactive material from Congo is frequently smuggled out.

The site is in poor condition, likely suffering from leaks that would be costly to contain, and a lack of fencing is has opened it up to smuggling -- raising fears among Western diplomats that some of the uranium is reaching Iran.

"Uranium is the one resource that's always been at the back of everyone's mind -- it explains U.S. interest in a country that was otherwise not very interesting," said Christopher Melville, Africa specialist with London-based risk consultancy, Menas Associates.

Source: Reuters

For more news about Nigeria, please visit the Menas Associates Newsroom.

Tuesday, 17 August 2010

Eni acquires 55 per cent of Ndunda block, in the DRC


Eni has entered the Democratic Republic of Congo (DRC) by signing an agreement with Surestream Petroleum to acquire part operatorship of the Ndunda block, in the Bassin Côtier, located in the onshore Lower Congo Basin.

The partnership is divided between Eni (55 per cent), Surestream (30 per cent), State-owned company COHYDRO (8 per cent) and Ibos (7 per cent). The agreement, sanctioned by DRS authorities, follows the Strategic Cooperation Agreement, signed August 2009, between Eni and the DRC to develop the country's hydrocarbon sector.

Through this acquisition, Eni further strengthens its presence in the Sub-Saharan region where it currently operates in Nigeria, Gabon, Congo Brazzaville, Angola, Ghana and Mozambique with overall production in excess of 450,000 b/d.

To find out more about Eni please visit Eni's web site, which you can find here.

For more news and expert analysis about the Sahara region, please see Sahara Focus.

© 2010 Menas Associates