Market News

  • China gets contract to scan for minerals in Kenya

    Posted on :Tuesday , 23rd February 2016

    Kenya has contracted a Chinese firm to carry out fresh mineral mapping at a cost of Sh7 billion.

    The aerial survey is expected to compile a new geological map detailing the occurrence of minerals around the country, a step that is set to spur investment in the mining sector.

    Mining Permanent Secretary Mohammed Mahmud said China has released funding for the project that could sta. . .

  • Kenya in Talks With Miners Over New Royalties

    Posted on :Tuesday , 29th December 2015

     The government plans to fastrack implementation of higher mining royalties to give Kenyans a bigger share of earnings from the country's mineral resources, newly appointed Mining Cabinet secretary Dan Kazungu said yesterday.

     
    Kazungu said the government is negotiating with miners for a new royalty structure, and any new miner will abide to the updated rates.&nb. . .

  • Sudan: Ministry of Minerals Signs Agreement With Neelan Company for Mining for Gold in Northern State

    Posted on :Monday , 28th December 2015

    Khartoum — The Ministry of Minerals has signed and agreement with the Neelan International Company for Mining according to which the company was granted concession block for exploration for gold at Halfa Locality in the Northern State.

     
    The Minister of Minerals Dr. Ahmed Mohamed Sadiq Al-Karuri signed on behalf of the Government of Sudan,whereas the Director Ge. . .

  • Australia\'s Intrepid Mines Invests U.S.$40 Million in Africa\'s Kitumba Project

    Posted on :Thursday , 24th December 2015

     Intrepid Mines, an Australian company, has spent more than US$40 million on drilling and exploration works on the Kitumba Mine project located in Mumbwa District.

     
    Intrepid Board representative and non-executive director, Richard Baumfield said the Australian Stock Exchange-listed firm underwent restructuring and had since merged with Blackthorn Resources to ac. . .

  • Kenya: Mining CS in talks With Miners Over New Royalties

    Posted on :Wednesday , 23rd December 2015

    The government plans to fastrack implementation of higher mining royalties to give Kenyans a bigger share of earnings from the country’s mineral resources, newly appointed Mining Cabinet secretary Dan Kazungu said yesterday.

    Kazungu said the government is negotiating with miners for a new royalty structure, and any new miner will abide to the updated rates.

    &. . .

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