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Mining & exploration news.
murchr
#1 Posted : Thursday, March 15, 2012 8:20:10 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
I must say we are living in interesting times...the news popping up on minerals in the country is just exciting... its like the geology department was awakened 5 years ago. I would never have thot that i would one day see a sentence like this on the papers.

"Turkana sits on one of the world’s largest proven gold reserves and also has a respectable array of gemstones. This laid-back region could be looking at the kind of transformation that was experienced by the South African region of Rustenburg with the discovery of platinum."

And another "In 2005, a 500-square-kilometre area stretching through Kitui and Mutito was discovered to contain one of the richest coal reserves in the world."

I just hope its not an exaggeration.

http://www.nation.co.ke/...8/-/eccgsoz/-/index.html
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
murchr
#2 Posted : Thursday, March 15, 2012 8:28:17 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
And the usual suspects are always on site. The heading is super "Chinese firm smells opportunity to build steel plant in Kenya"
http://www.chinamining.o...23/1306112936d45671.html
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
a4architect.com
#3 Posted : Thursday, March 15, 2012 8:42:32 AM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
@ murchr..here is another one about Kenya's first gold bar at Kilimapesa in Migori near Lake Victoria

http://www.a4architect.c...s-first-kenyan-gold-bar/
As Iron Sharpens Iron, So one Man Sharpens Another.
murchr
#4 Posted : Thursday, March 15, 2012 8:50:00 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
a4architect.com wrote:
@ murchr..here is another one about Kenya's first gold bar at Kilimapesa in Migori near Lake Victoria

http://www.a4architect.com/topi...s-first-kenyan-gold-bar/


That also shocked me. Here is another one http://www.nation.co.ke/News/Ra...56/-/kc152c/-/index.html

I wonder if the titanium project ever took off
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Bookerngesa
#5 Posted : Thursday, March 15, 2012 10:48:36 AM
Rank: Hello

Joined: 3/15/2012
Posts: 1
We are sure living in gd time see the link

http://kenyaengineer.co....ws/2-news/156-black-gold
kourage
#6 Posted : Thursday, March 15, 2012 12:50:48 PM
Rank: Member

Joined: 6/6/2007
Posts: 25
Tullow Oil who recently discovered oil in Ug are offering scholarships to Kenyan and other Africans in countries they are prospecting oil. Was in yesterday's Nation. Do they know something we don't?
a4architect.com
#7 Posted : Thursday, March 15, 2012 1:45:57 PM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
@kourage..a few years ago i did some offices in South Sudan, Torit county,less than 2 hours drive from Kenya Lokichoggio border.

Wht surprised me was the number of gold mines and oil mines so close to the Kenyan border in South Sudan.

This means if there is oil and gold 40 km off the kenyan border, there is a high likelihood of the same minerals to be found within Kenya.
As Iron Sharpens Iron, So one Man Sharpens Another.
kourage
#8 Posted : Thursday, March 15, 2012 2:56:57 PM
Rank: Member

Joined: 6/6/2007
Posts: 25
The scramble for Africa that started in the 1890s is still active today though in a different fashion. I think the West has the resources map for everything in Africa. They know where to strike next for oil, gold or anything else they want. The East is proving hard headed and they are turning their focus on Africa. Nobody will use Kshs. 1bn to prospect for oil that they are not sure of.
The only thing the West is uncomfortable with is China in Africa.
@a4architect - Why is there a never solved dispute on Ilemi Triangle in Turkana which is claimed by both Kenya and S. Sudan.
mkeiy
#9 Posted : Thursday, March 15, 2012 3:49:24 PM
Rank: Member

Joined: 1/27/2012
Posts: 851
Location: Nairobi
kourage wrote:
The scramble for Africa that started in the 1890s is still active today though in a different fashion. I think the West has the resources map for everything in Africa. They know where to strike next for oil, gold or anything else they want. The East is proving hard headed and they are turning their focus on Africa. Nobody will use Kshs. 1bn to prospect for oil that they are not sure of.
The only thing the West is uncomfortable with is China in Africa.
@a4architect - Why is there a never solved dispute on Ilemi Triangle in Turkana which is claimed by both Kenya and S. Sudan.



@kourage, I think if a boundary dispute of some peasants somewhere in Thika can stretch for years, trust me, the one between Kenya,S.Sudan and not to forget Ethiopia, will not be easier. Boundary/border matters are never straight forward.
About cos spending billions to prospect for oil/minerals, of course before the lower the drilling gear, they'll have done survey and studied loads of data.
They are never sure,geology of the block leads them.
That's how that Australian co. even after sinking billions at the coast, they pumped out nothing.
Mining is risky and expensive business.
murchr
#10 Posted : Thursday, March 15, 2012 4:49:52 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
kourage wrote:
Tullow Oil who recently discovered oil in Ug are offering scholarships to Kenyan and other Africans in countries they are prospecting oil. Was in yesterday's Nation. Do they know something we don't?


I guess they do, they are now doing some serious CSR. Are they the ones mining at lake Turkana?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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