Market News
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Yara Gets New Partner for Dallol Project in Ethiopia
Posted on :Thursday , 3rd December 2015
Liberty Metals & Mining Holdings, LLC, a subsidiary of Boston-based Liberty Mutual Insurance (LMM), has acquired 25 percent of the shares in “Yara Dallol” for USD 51.25 million.
Yara’s share of the proceeds is USD 35.4 million.
Yara Dallol is a project looking at extracting potash in the Danakil depression in North-Eastern Ethiopia.
Ministry of Minerals Signs Three Agreements to Explore Gold in Some States
Posted on :Tuesday , 1st December 2015
Khartoum — The Ministry of Minerals signed three franchise agreements with national and foreign companies to operate in gold mining and other minerals.
The Minister of Minerals Dr. Ahmed Mohamed Sadiq Al-Karuri signed, on behalf of the government of Sudan, a concession agreement with Italian company to explore gold at Delgo locality in the Northern State.Rio Tinto Approves $1,9bn Bauxite Mine
Posted on :Monday , 30th November 2015
Rio Tinto has given a go-ahead to a $1,9 billion project to build an Australian bauxite mine, defying a deepening commodities downturn. The investment is the largest that Rio has approved for more than two years, a period when global miners have slammed the brakes on spending following a surge in capital expenditure when they tried to take advantage of rising commodity prices.
<. . .Africa Inks Three Gold & Mineral Prospection Agreements
Posted on :Monday , 30th November 2015
The Sudanese ministry of mining Sunday signed three agreements with national and foreign firms for the prospection of gold and other minerals in the Northern state, the states of South Kordofan and the Red Sea.
The first agreement was signed with the Italian Kobe International to prospect in the locality of Dalgo in the Northern State.
The second agreement was signed with . . .African nation gets US$15mn credit from World Bank for mining sector
Posted on :Friday , 27th November 2015
African nation Togo has received a US$15mn World Bank IDA credit amount to strengthen its mining sector
mining tama66 pixabayTogo's mining sector is crucial to the growth of the country's economy.The five Togo Mining Governance and Development project is valid from 2016 to 2020 and will streamline the mining sector to increase its efficiency and accountability. . .Please Select an Option
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