Market News

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 i . . .

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 mi . . .

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 inve . . .

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 mi . . .

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 Af . . .