Market News

London — The British based company Xtract Resources has entered into a joint venture with Mineral Technologies International to develop an alluvial gold mine in the central Mozambican province of Manica.   A statement from Xtract released on Tuesday said that the two companies plan to b . . .

Jwaneng — The Ministry of Education and Skills Development initiated the adopt a school programme in 2011 to bring on board the private sector, individuals and the community in the provision of education. As a result, one company that immensely contributed to the education sector is Majwe Mini . . .

Sunridge Gold Corp (CVE:SGC) has secured three key mining licences in Eritrea for the Asmara project. Asmara Mining (AMSC), a joint venture 60% owned by the Canadian group, has been awarded licences spanning 19.3 square kilometres and encompassing four advanced deposits – namely Emba Derho, . . .

Dangote Cement has signed two agreements that will enable its $600 million cement factory in Tanzania to generate 150MW from coal.   One agreement is with Tancoal, to supply coal to the Dangote factory. The cement factory has also signed a coal prospecting licence for a site in Mbinga, southe . . .

Aerial geological surveys conducted by the Geological Surveys and Mines Directorate (GSMD) in Kigezi sub-region in southwestern Uganda reveal 200 million metric tonnes of iron ore deposits. Godfrey Bahati, the acting Director of GSMD in the Ministry of Energy and Mineral Development says that the . . .