Weeks after Zimbabwe’s independence in 1980, British mining tycoon Algy Cluff hopped on a plane to Harare, keen to invest in the new economy. Soon after, his company Cluff Resources opened Freda Rebecca, which became the country’s biggest gold mine. Cluff Resources, in 1996, then sold the mine to Ashanti Goldfields, marking Cluff’s exit from.
Invictus Energy has executed a farm in option agreement with Cluff Energy Africa ( CEA ) for a 2 well exploration drilling campaign in the Cabora Bassa Project in Zimbabwe. CEA will fund 33.33% of the costs for a 25% interest in the Cabora Bassa Project and Invictus will remain as operator.
British mining tycoon returns to Zimbabwe for Muzarabani oil thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.
West African nations move to join region s oil Big Time tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.