South Sudan awards gold, uranium mining contracts

(Reuters) - South Sudan has awarded two companies exploration licenses for gold and uranium in areas thought to be rich in minerals, an official from the semi-autonomous region said.

British/South African New Kush Exploration and Mining Company and the UK-listed Brinkley Mining Plc paid $5,000 for one-year exploration licenses in the area bordering Kenya.


Read more at Reuters Africa

Sudan assigns Chinese CNPC offshore oil block

(Reuters) - Sudan has signed a deal with Chinese state oil firm China National Petroleum Corp. (CNPC) to take a majority stake in its Block 13 exploration site, off the coast of the Red Sea, a senior Sudanese oil official said on Friday.

CNPC has a 40 percent stake, 15 percent for both Indonesian state firm and Sudanese state oil firm Sudapet.


Read more at Reuters Africa

Massachusetts fund to sell stocks of Sudan-related firms

(Reuters) - Massachusetts' state pension fund, one of America's biggest and most successful, plans to sell some $80 million in holdings of companies that invest in Sudan, becoming the latest investor to protest violence there.

"Money managers who invest for us and own stocks like Schlumberger (Ltd.) and PetroChina (Co. Ltd.) will be selling those holdings," Michael Travaglini, executive director of the $50.3 billion Massachusetts' Pension Reserves Investment Management Board (PRIM) fund, told Reuters. "In total we expect it will be about $80 million," he said.


Read more at Reuters Africa