Commodities & Minerals

S.E.A., via our subsidiary company, Star Africa Commodities and Minerals Ltd. (Star Africa) (an indigenous Ghanaian company of which we own 72%), allows us to actively and physically participate in the following key areas: Energy Products, Metals and Minerals, and Agricultural Products.

ENERGY PRODUCTS

Upstream - The upstream sector includes the searching for potential underground or underwater oil and gas fields, drilling of exploratory wells, and subsequently operating the wells that recover and bring the crude oil and/or raw natural gas to the surface.

Current Upstream Activities:

Star Africa has partnered with an international independent oil and gas company based out of Houston, TX, U.S to provide upstream services in Ghana. The upstream oil sector is also known as the exploration and production (E&P) sector.

Currently, Star Africa and its partner have a joint petroleum bid with the Ministry of Energy and Ghana’s National Petroleum Corporation (GNPC) for offshore oil acreage in Ghana.  If awarded, Star Africa will hold up to 20% carried interest in the proposed area, making Star Africa one of the few indigenous companies in Ghana to hold such interest.

Downstream - The downstream oil sector is a term commonly used to refer to the refining of crude oil and the selling and distribution of natural gas and products derived from crude oil.  Such products include liquified petroleum gas (LPG), gasoline or petrol, jet fuel, diesel oil, other fuel oils, asphalt and petroleum coke.  The downstream sector also includes tank farms, oil refineries, petrochemical plants, petroleum product distribution, retail outlets and natural gas distribution companies.  The downstream industry touches consumers through thousands of products such as petrol, diesel, jet fuel, heating oil, asphalt, lubricants, synthetic rubber, plastics, fertilizers, antifreeze, pesticides, pharmaceuticals, natural gas and propane.

Current Downstream Activities:

Star Africa is currently in the process of raising $40 Million to develop an oil and gas tank farm in the Western Region, Takoradi, Ghana of which the company has access to 15 acres on a 93 acre Funko Shore Base Project.  The Funko Shore Base Project is the development of an oil and gas logistics shore base to support the warehousing and logistical activities of Production Sharing Contractors/Companies (PSC), Oil Services Companies, and Manufactures of Oil and Gas equipment operating in the western region of the Gulf of Guinea.

Star Africa also offers consulting support to companies that are trying to enter the downstream oil and gas sector in Ghana, and is positioning itself to become one of the major indigenous players in Ghana’s nascent oil and gas industry as well as a player in the rest of Africa.

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METALS AND MINERALS

Star Africa’s mining group is composed of the following commodity departments:

  • Gold
  • Diamonds
  • Coal
  • Uranium
  • Copper Ore
  • Iron Ore
  • Cement

Star Africa along with enterprises: Star Imani, Star Anaya, and Star Chcof each are highly prospective mining concessions in Ghana.  These properties are all early stage exploration projects in the gold rich bearing corridors of the Western Region of Ghana.  Star Africa has been granted a mining license by Ghana’s Minerals Commission (MC) and the Ministry of Lands and Resources (which provides the right of extraction of minerals) and is subject to renewal after 5 years from the date of issuance.  In addition, there are no surface rentals, or ground rents associated with any concession.  However, Star Africa along with the aforementioned enterprises are subject to government royalty rates between 3 and 6 percent based on the gross market value of minerals sold.  Star Africa is in the process of securing 5-15 more gold mining concessions (over 300+ acres in potential gold rich bearing areas) of which a new enterprise will be created to represent each of the concessions.

Current Mining Concessions:

  1. Star Africa Commodities and Minerals Ltd. Concession (22.02 Acres – 8.9 Hectares) Gold Mining Concession in the Western Region of Ghana at Adwumadiem (Environmental Protection Agency (EPA) Permit and Mining License Granted)
  2. Star Imani Concession (22.5 Acres – 9.1 Hectares) Gold Mining Concession in the Western Region of Ghana at Adwumadiem. (EPA Permit Granted).
  3. Star Anaya Concession (22.5 Acres – 9.1 Hectares) Gold Mining Concession in the Western Region of Ghana at Adwumadiem.  (Awaiting final EPA approval).
  4. Star Chcof Concession (17.68 Acres – 7.2 Hectares) Gold Mining Concession in the Western region of Ghana at Adwumadiem.  (Awaiting final EPA approval).

For our first concessions (Star Africa Commodities and Minerals Ltd., Star Imani, Star Anaya, and Star Chcof) in Ghana, preliminary initial studies have shown estimated collective reserves of at least 1-3 kilograms of gold production potential per week.  Star Africa has recently contracted for further advanced geological technical studies to determine the capacity of all four adjacent concessions simultaneously.  Star Africa plans to start gold mining production and monetizing these four concessions in 2012.

Star Africa has also renewed a Joint Venture (JV) and Letter of Intent (LOI) agreement with Tanzanian company, Alluvial Minerals and Consultancy Ltd..  Implementing these agreements will increase Star Africa’s mineral asset capacity.  Star Africa plans to provide the necessary capital to start, restart, and bring into production the gold and precious metals deposits throughout two (2) concession mines in Tanzania, located at Mlima Njima near Chunya.  These assets are located in an area famous for production of both alluvial and reef gold.  The total collective size is 20 hectares comprising of a complex geology of predominant rocks of complex banded migmatitic gneiss and are of basic igneous origin.  Prior geological studies of the two (2) concession area, with the most recent report being completed in 2005, have proved 49,000 tons of gold ore with a probable total reserve of 148,000 tons, with 544,500 and 1,633,500 grams respectively.  The mining concession is estimated to hold almost $80 Million worth of mineral deposits.

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AGRICULTURAL PRODUCTS

Star Africa’s Agricultural Products currently consists of the following commodities:

  • Rice
  • Moringa Oleifera

In 2011, Star Africa secured 4,000 acres to cultivate, warehouse, store, sell, and export rice out of Ghana.  Star Africa is in the process of securing 15,000 – 30,000 additional hectares or approximately 37,065.807 - 74,131.614 acres for rice cultivation.  Star Africa has also secured 1,000 acres for the cultivating and exportation of Moringa Oleifera.

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The Non Executive Directors of Star Africa Commodities and Minerals Ltd. are:

Gil Kwesi Manu (Non Executive Director)

Sam Gyabaah (Non Executive Director)

Dr. Samuel Adu-Andoh (Non Executive Director)

Dr. Kwaku Ohene-Frempong (Non Executive Director)

Dr. Timothy Shepherd (Non Executive Director)

Eugene Baffoe-Bonnie (Non Executive Director)

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For further information on Star Africa Commodities and Minerals Ltd. please visit:

http://www.staraf.com/

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