Posts From King World News

Cameroon signs deal with Russia firm over second oil refinery

YAOUNDE (Reuters) – Cameroon has signed a deal with Russian group RusGaz Engineering that could pave the way for a second oil refinery for the central African nation, the ministry of water and energy said. The deal will allow the Moscow-based firm to conduct a feasibility study in the port city of Kribi for the facility that aims to refine mainly Cameroonian crude for export and to provide products for

For risk-wary gold miners, small is beautiful

[Reuters] – Bigger isn’t better for the world’s gold miners, who are increasingly making “bite-sized” developments that carry less risk of budget disasters and fewer of the political and environmental disputes that have derailed mega-mines in recent years. Newmont Mining is a prime example of how companies are responding to bleak industry conditions by building mines on a smaller scale than in the past, with the price of gold down