Market News
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Ethiopia Government to Invest up to US$20m in Tulu Kapi Gold Project
Posted on :Tuesday , 17th November 2015
AIM-listed gold exploration and development company Kefi Minerals has received formal confirmation from the Government of Ethiopia of its intent to invest between US$15 and US$20 million in the Tulu Kapi gold project.
This investment will provide the government of Ethiopia with an equity interest in Kefi Minerals Ethiopia (KME), a wholly-owned subsidiary of Kefi Minerals that owns and op. . .Rwanda Signs Mining Contracts With Investor
Posted on :Monday , 16th November 2015
The government yesterday signed more contracts with mining companies to boost production and exports.
The contracts, signed between the Ministry of Natural Resources, Rwanda Development Board (RDB) and the investors, are aimed at bolstering exports by at least 28 per cent, Evode Imena, the state minister in charge of mining, said.
RDB granted four mining companies with lic. . .Rwanda Auctions Biggest Mining Site, Wants More Investors
Posted on :Friday , 13th November 2015
Rwanda on Wednesday auctioned its largest mining site sitting on 22,000 hectares at Gatumba sector in Ngororero district of Western Province.
Four companies have taken over a large portion of the mining site after winning a tender and have committed $ 37,843,791 worth of investment.
Their investment will go into exploration work, mining and mineral processing, job . . .Rwanda Grants Licences to 20 Mining Companies
Posted on :Wednesday , 11th November 2015
Rwanda's Ministry of Natural Resources has granted mining licences to 20 companies and co-operatives that are among the list of 29 approved by the Cabinet.
The 29 licences have a total value of Rwf7 billion ($9.4 million) spanning five years. They are the first to be issued under the new mining and quarry law of May 20, 2014 and its ministerial orders. One small-sca. . .SNC Wins Contract to Build Ethiopian Potash Mine and Processing Facility
Posted on :Wednesday , 11th November 2015
SNC-Lavalin has been awarded an engineering, procurement and construction management contract for a potash mine and processing facility in northeastern Ethiopia.
The project is being developed by Norwegian chemical company, Yara International ASA and is located in the Dallol region of the East African country. Though SNC did not disclose the value of the contract, the facility is. . .Please Select an Option
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