QED Connect has signed letters of intent to acquire 100 percent of Terra Resources and Kuma Oil, both oil and gas companies, and Kyrgyz Alumina, an aluminum mining company.

Terra, through its subsidiary company NV Alliance, has oil and gas rights in the Republic of Kalmykia, a subject of the Russian Federation. Kuma Oil, a Russian company, owns oil and gas rights in the Russian territory of Perm Krai.  

Italy’s Eni has announced a giant new natural gas discovery offshore Mozambique.

The discovery was made in the eastern part of Area 4 at the Mamba North East 2 exploration prospect, the fifth exploration well successfully drilled in the area.

Mamba North East 2, where Eni will now conduct a production test, was drilled in 1,994 metres of water, reaching a total depth of 5,365 metres. The well is located approximately nine kilometres east of Mamba North East 1 and approximately 23 kilometres from Mamba South 1, 60 kilometres off the Capo Delgado coast.

Ann Marie Hann, president of the Coal Association of Canada, talks about changes in the regulatory environment which could see more coal mines looking to export.

As supply chains become more complex and buyers are being held increasingly accountable for their actions, the need to protect against supplier risk is more pressing than ever.

Since the launch of its improvement programme in 2008, TAAG Angola Airlines has done much to earn the loyalty of its customers. Director Rui Carreira talks about plans to expand the airline’s international, regional and domestic footprint.

Agriculture Management and Infrastructure Systems (AMIS) is all about sustainable development that is commercially respectable and stimulating growth at the national level by creating wealth.

Anglo American is to acquire an additional 40 per cent interest in De Beers for a total cash consideration of US$5.1 billion.

The move comes after Botswana’s government declined to take up its pre-emptive rights to acquire an additional shareholding in De Beers.

Anglo’s additional interest now takes its total stake to 85 per cent.

The first Industrial Automation North America (IANA) trade show has completely sold out of exhibitor space.

Organized by Hannover Fairs USA, Inc., a subsidiary of Deutsche Messe AG, one of the world’s top trade fair organizers and exhibition centers, IANA debuts this year in conjunction with the International Manufacturing Technology Show (IMTS) at Chicago’s McCormick Place from September 10-15, 2012.

Rig operator Prosafe has been awarded a contract by an undisclosed client for the provision of the Safe Scandinavia accommodation support rig at a project in the UK sector of the North Sea.

The firm period of the contract is 187 days, with on-site operations planned to commence in April 2013.

The total value of the contract for the firm period is approximately $58.1 million.