Marathon Oil commits to increase investment in Equatorial Guinea’s Gas and Oil sector

Marathon Oil commits to increase investment in Equatorial Guinea’s Gas and Oil sector

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EQUATORIAL GUINEA — Marathon Oil Corp, one of the biggest energy investors in Equatorial Guinea, has committed to increase its investment in the required infrastructure to support the Government’s vision for the Gas Mega Hub. The commitment was after the oil multinational’s…

Nigerians stand to reap huge benefits from the soon to be commissioned US$600m AIG steel plant

Nigerians stand to reap huge benefits from the soon to be commissioned US$600m AIG steel plant

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NIGERIA – The Managing Director of African Industries Group Company, Mr. Alok Gupta, has said the company’s $600million Integrated Steel Plant would be Nigeria’s biggest non-oil Foreign Direct Investment (FDI). He noted that the new plant would boost the nation’s economy and…

Australia’s Evolution Mining to buy Newmont Goldcorp’s Canadian gold mine for US$375m

Australia’s Evolution Mining to buy Newmont Goldcorp’s Canadian gold mine for US$375m

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CANADA – Australia’s Evolution Mining Ltd has agreed to buy Canadian gold mining complex Red Lake from Newmont Goldcorp Corp for US$375 million in cash. The Australian mining company also agreed to pay an additional $100 million to Newmont upon new resource…