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African Energy Resources Ltd (AFR.AX)

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Latest Key Developments (Source: Significant Developments)

African Energy Resources says Botswana's Ministry Of Finance And Economic Development approves JV application
Tuesday, 25 Apr 2017 08:48pm EDT 

April 26 (Reuters) - African Energy Resources Ltd :Sese Power granted a five year tax holiday from its first year of commercial operation and thereafter a preferential 15% company tax rate.Botswana's Ministry Of Finance And Economic Development has approved sese joint venture's (jv) application.Sese Joint Venture's application for a manufacturing development approval order for proposed 450mw sese power station.  Full Article

BRIEF-African Energy Resources says mining license granted to Sese JV
Tuesday, 28 Mar 2017 06:03pm EDT 

Corrects headline to add "African Energy Resources says".African Energy Resources Ltd : Sese Mining license granted . Botswana's Ministry of Mineral Resources, Green Technology and Energy Security granted a mining license to Sese JV .Mining license is valid for 25 years which can be extended by a further period of up to 25 years.  Full Article

African Energy Resources to sell Zambian uranium projects to GoviEx Uranium
Monday, 6 Mar 2017 04:45pm EST 

African Energy Resources Ltd : Sale of Zambian uranium projects . Executed a binding agreement to sell its Zambian Uranium portfolio to TSX‐V listed GoviEx Uranium Inc .Deal for consideration of 3 million Goviex shares and 1.6 million common share purchase warrants.  Full Article

African Energy Resources updates on sese joint venture agreement
Monday, 25 Jul 2016 07:01pm EDT 

African Energy Resources Ltd : First quantum minerals ltd. (fqm) has committed to spend AUD $3 million on work programs . Agreed for investment of remaining A$7 million required to complete fqm's earnin for 75% interest in the sese joint venture .  Full Article

African Energy Resources says SESE mining license application accepted
Sunday, 10 Apr 2016 07:52pm EDT 

African Energy Resources Ltd:Sese mining license application accepted.Department of mines in Botswana has accepted an application for a coal mining license submitted by first quantum minerals ltd.  Full Article

African Energy Resources updates on Mmamanstwe project sale
Monday, 21 Sep 2015 04:50am EDT 

African Energy Resources:Says Additional information on mmamantswe project sale.Says a gain will be derived by the company on net sale consideration received in excess of the current carrying value of approximately US$3.3M.Will be paid initial US$10M if project bid is shortlisted by South Africa's department of energy.Says no changes to the board or senior management are proposed as a consequence of the completing the sale.Developer will form a bid consortium.Says will receive a second payment of US$10M if and when the project reaches financial close.  Full Article

African Energy Resources Limited announces issue of shares
Thursday, 2 Jul 2015 12:32am EDT 

African Energy Resources Limited:Issues 1,333,333 fully paid ordinary shares.  Full Article

More From Around the Web

Botswana grants tax holiday for 450 MW coal power project

GABORONE, April 26 Botswana's government on Wednesday granted First Quantum Minerals Ltd and African Energy a tax holiday to build the 450 megawatt (MW) Sese coal power plant in a bid to encourage private sector investment in the sector.