Market News
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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.
&. . .Intrepid Mines Invests U.S.$40 Million in Kitumba Project
Posted on :Monday , 21st 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 acquire . . .Zimasco Signs U.S.$12 Million Lease Agreement
Posted on :Saturday , 19th December 2015
At full throttle, Portnex International is expected to process 240 000 tonnes of raw chrome per annum which translates to 100 000 tonnes of ferrochrome over the same period. The country's biggest ferrochrome smelter and miner, Zimbabwe Mining and Smelting Company (Zimasco) has signed a $12 million lease agreement with South African based firm, Portnex International to operate its furnaces.
. . .U.S.$40 Million Fund to Turn Around Fortunes of Rwanda Mining Sector
Posted on :Friday , 18th December 2015
The Rwanda mining sector is set to benefit from a $40 million credit guarantee fund.
The fund is to stimulate lending to the mining sector by reassuring lenders that in the event of default, part of the fund will meet the loss incurred.Mining is the second export revenue earner in Rwanda, employing about 30,000 people. However, . . .Angola Strengthen Cooperation With China in Mining Sector
Posted on :Friday , 18th December 2015
Luanda — The Angolan Minister of Geology and Mining, Francisco Queiroz, met Tuesday in Beijing with his Chinese Counterpart, Jiang Daming with whom he discussed issues linked to strengthening of cooperation between the two countries in Geology and Mining domain.
According to a press release from Angolan Embassy to China that reached Angop Tuesday, besides the . . .Please Select an Option
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