Sable Mining Africa Ltd has acquired a 49% interest in Liberation Mining (Pvt) Ltd, holder of the 16,545 ha. Special Grant 4977 which covers the Lubimbi coal project in the Gwaai area of the Kariba coal basin in Zimbabwe.
The Petrobras Board of Directors has given the go-ahead for the bidding process to award contracts for up to 21 offshore drilling rigs to be built in Brazil, and to meet the company's exploratory and production development needs.