Equatorial Guinea Signs First Mining Contracts In History Of Country!

According to Equatorial Guinea's Press and Information Office, the Ministry for Mines and Hydrocarbons has signed five contracts with three different companies, following the conclusion of the first round of tenders in the country last year.

The agreements include a gold exploration contract in Block (I) with Manhattan Mining Investment CO: three prospecting contracts with Magnolia Blue LTD in block (B) for bauxite and precious metals, block (K) for gold, and block (H) for gold, uranium, iron, bauxite, base metals and rare earth minerals; and finally a prospecting contract with Shefa Gold in blocks (N) and (O) for platinum, palladium, silver, chromium, copper, magnesium, phosphorus, mineral iron and related minerals.

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