Market News
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Tanzania To Become One Of The Largest Producer Of Graphite In The World, Ministry Says
Posted on :Tuesday , 3rd November 2015
The Tanzanian Ministry of Energy and Minerals (MEM) has recently announced that Tanzania will soon become one of the largest producers of graphite in the world, due to recent and abundant discoveries of graphite fields across the country.
The discoveries come mainly from Magnis Resources Limited (ASX:MNS), Mozambi Resources (ASX:MOZ) and Kibaran Res. . .AAMIG calls for increased Australian government focus on mining in Africa
Posted on :Friday , 30th October 2015
The Australian government has been called on to take more notice of the nation’s important economic footprint in mining in Africa as well as in oil and gas.
“Australia has a key role to play in helping Africa realise its mineral potential and contributing to the African Union’s Africa Mining Vision,” Australia Africa Mining Industry Group (AAMIG) Chairman,. . .20 new Rwanda mining licences granted
Posted on :Friday , 30th October 2015
20 new Rwanda mining licences grantedRwanda’s Ministry of Natural Resources has granted 20 mining licences to qualified companies and cooperatives, among 29 approved by the cabinet.
The remaining nine companies which did not make it to new ministerial orders will be awarded their Rwanda mining licences after complying with all the requirements.
The minister o. . .Gold exports reach $3 billion per year
Posted on :Thursday , 29th October 2015
Sudan is one of Africa’s largest gold producers; and a vast resevoir of untapped resources provide further golden opportunities for investors in mining
The secession of South Sudan has proven to be the catalyst Sudan needed to revitalize its economy, the country’s State Minister for Investment Osama Faisal Elsayed Ali states. Since 2011, the country has embarked on a . . .Tanzania: Acacia Mining Swings to the Red in Third Quarter
Posted on :Saturday , 24th October 2015
Tanzania's largest gold miner announced it posted net loss in the third quarter compared with the same period a year ago due to lower output and higher costs.
The gold mining company reported in its financial statement that it made a reported net loss of 13 million US dollars in the three months to September 30 compared with net profit of 28 million US dollars in th. . .Please Select an Option
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