Market News
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Public-Private Sector Ventures Hold Key to Development of Africa's Mining Sector - AU Expert
Posted on :Wednesday , 22nd June 2016
Frank Mugyenyi is a senior advisor for the department of trade and industry at the African Union Commission (AUC), and the brain behind the new African mining treaty. Adopted in 2009, the main objective of the treaty is to strengthen co-operation and partnership between the public and private sectors to boost the mining industry on the continent. Mugyenyi was in Rwanda recently, and met local s. . .
Ethiopia: Stella Trade Secures Large Scale Gold Mining License
Posted on :Thursday , 14th April 2016
The extraction license is a first for Stella, as well as the host region, Gambella
Stella Trade and Industry PLC has joined the league of four gold extractors operating in Ethiopia, after securing a large-scale gold mining license. This is a first for the company, as well as the host region of Gambella.While more than 80 companies are. . .Zambia Signs Deal With China for Geological Mapping
Posted on :Wednesday , 13th April 2016
THE Government has signed a five year agreement with China geological survey to carry out a geological mapping for Zambia.The cooperation is expected to be beneficial as it will enhance geological, geophysical and geochemical data gathering in areas where the geological survey department has not conducted mappings.Mines and Miner. . .Kenya: Cabinet Approves New Mining Policy To Attract Fresh Investment in Sector
Posted on :Thursday , 7th April 2016
A new all-inclusive Bill is set to be published to guide mineral wealth exploitation and address governance and environmental issues after the Cabinet on Friday approved a mining policy to attract fresh investment to the sector.
Mining Cabinet secretary Dan Kazungu said the new Bill will address key gaps in the Mining Act of 1940, and align the sector to the latest . . .Zimbabwe: U.S.$100 Million Mining Loan To Be Finalized by Govt
Posted on :Thursday , 31st March 2016
GOVERNMENT is working with China to finalise the guarantee needed for the $100 million loan meant for the small scale gold sector, Deputy Minister of Mines and Mining Development Fred Moyo has said. "It has been very slow," said Mr Moyo. "Government is guaranteeing so many transactions as such it has been difficult to come up with another option as we are not easily bankable.&quo. . .
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