Market News

African focused junior mineral exploration company Walkabout Resources has reported very high grade graphite assay results of up to nearly 40% total graphitic carbon (TGC) for its maiden diamond drilling programme at its Lindi Jumbo project in south eastern Tanzania. The diamond drill holes, all al . . .

GOVERNMENT intends to establish a tantalite buying centre modelled along the same lines as Fidelity Printers and Refiners, Mines and Mining Development Minister Walter Chidhakwa. Tantalite is a black mineral found in granite rocks and mostly used in the electronics industry. It is used for the manuf . . .

The soapstone carvers in Tabaka area in Kisii County have called on the government to impose a total ban on exportation of uncut soapstone from Kenya. According to Jared Nyabuto, a soapstone dealer, both the county and national government lose millions of shillings by selling uncut stones to inte . . .

According to Reuters, Petra Diamonds Ltd and South African’s Ekapa Minerals would buy De Beers’ Kimberley mines for 102 million rand ($7.1 million). In last May, De Beers announced that it put the mining operations in Kimberley on sale. Kimberley mines is located in the Northern Cape . . .

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 p . . .