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The Shell Petroleum Development Company of Nigeria Limited (SPDC) announced to have completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in the Eastern Niger Delta, and associated infrastructure. The transaction has been made to TNOG Oil and Gas Limited, a related company of Heirs Holdings Limited and Transnational Corporation of
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2.2: Lease: Subject to the terms and conditions of this Agreement and to the extent permitted by applicable federal, state and local laws regulations and ordinances, Lessor eases exclusively to Lessee the Property for the purposes of development, production, removal and sale of all Minerals mineral substances, metals, ore-bearing materials and rocks of every kind The rights subject to this
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Newmont obtained the mining lease for Akyem in 2010 and began commercial production in 2013. Akyem began construction in 2011 and achieved commercial production on schedule and below budget in October 2013. The operation currently employs more than 1,900 direct employees and contractors. Top 10 biggest gold mines in Africa in 2020.
Chevron Nigeria Limited (CNL) yesterday disclosed that negotiations on the planned sale of its stake in Oil Mining Leases (OMLs) 86 and 88, were still ongoing.
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