EnQuest has signed an agreement to farm out a 35 per cent interest in its UK Alma and Galia oil field developments to the Kuwait Foreign Petroleum Exploration Company.

Under the terms of the deal, the Kuwait Foreign Petroleum Exploration Company (KUFPEC) will invest approximately US$500 million (around £300 million) in cash, comprised of up to $182 million in future contributions for past costs, a development carry for EnQuest, and KUFPEC’s direct share of the development costs.

Taseko Mines is now engaged in the third phase of modernisation at Canada’s second largest open pit copper-molybdenum mine.

Golden Dawn Minerals has acquired from Mineworks Ventures a 130 tonne-per-day permitted processing facility and adjacent tailings pond located on the Boundary Falls property in British Columbia, Canada.

Golden Dawn believes that mines on this and adjacent properties, collectively called the Greenwood Precious Metal Project currently held under an option agreement with Mineworks, have potential for further development.

West Africa’s largest economy is not entirely defined by its offshore resources: Presco Plc has been helping to reverse the decline in agricultural staples, and in particular the versatile fruit of the oil palm.

One of the great things about Tanzania, says Clive Jones, the managing director and co-founder of Power Providers, is that it allows you to reinvent yourself endlessly—and his life and company both testify to that.

This African printing company isn’t afraid to invest regularly and heavily in its quest to be the best.

Ukraine has opened a new terminal at Boryspil International Airport in Kiev that is capable of servicing up to 15 million visitors per year, ahead of next month’s Euro 2012 tournament.

The president of Ukraine Viktor Yanukovych said the completion of the venue was “another small victory” for Ukraine as the country continues to develop its infrastructure in preparation for the influx of visitors.

The total area of terminal D is 107,000 square metres, making it the largest airport terminal in Ukraine.