| Rioters attack Canadian-owned mine in Mozambique | |
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MAPUTO, Nov 16 (Reuters) - Rioters have attacked a tantalum mine in Mozambique owned by Canada's Pacific Wildcat Resources , the company said, in violence that could hurt the image of a country hoping to attract investment in its mining and energy sectors. The report quoted Pacific Wildcat's local director Chippy Shaik as saying $10 million of damage was caused by the attack. Pacific Wildcat Resources said in August that it was selling the Muiane tantalum mine to Seychelles-based company Novak Holdings for $1,315 plus $250,000 cash to pay off debt. Tantalum is used in the production of electronic equipment, including medical implants, mobile phones and computers. Though Mozambique has been relatively stable since a 16-year civil war ended in 1992 there have been periods of violence between the ruling Frelimo party and its opponent Renamo. Mozambique, one of the world's poorest countries, is hoping to attract billions of dollars of investment to expand its oil, gas and mining industries after making major minerals discoveries in recent years. U.S. energy firm Anadarko and Italy's Eni are close to making final decisions on gas projects that could bring in more than $30 billion in investment and make Mozambique one of the world's top liquefied natural gas exporters. (Reporting by Manuel Mucari; Writing by Joe Brock, editing by William Hardy)
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Pacific Wildcat Resources Corp
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CODE : PAW.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Pacific Wildcat is a development stage company based in Canada. Pacific Wildcat holds various exploration projects in Indonesia. Its main exploration property is SULUT in Indonesia. |