Market News

  • Majwe Mining Extends Partnership

    Posted on :Thursday , 22nd October 2015

    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 Mining Joint Venture.

     
    In 2013, the company adopted four primary schools . . .

  • Eritrea: Sunridge Gold Lands Mining Licences for Asmara Project

    Posted on :Tuesday , 20th October 2015

    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, Adi Nefas, Gupo Gold and Debarwa.

    These areas were all incorporated i. . .

  • Tanzania: Dangote Cement in Tanzania Coal Deal

    Posted on :Monday , 19th October 2015

    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, southern Tanzania. However, the factory will first run on diesel until it is able t. . .

  • Uganda: 200m Metric Tons of Iron Ore Discovered in Kigezi

    Posted on :Monday , 19th October 2015

    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 surveys conducted in financial year 2014/15 showed massive deposits of iron ore in K. . .

  • Kenya: County Government Urged to Control Small-Scale Mining

    Posted on :Saturday , 17th October 2015

    An environmentalist in Gatundu wants the government to put in place stringent measures to control small-scale mining with a view to curb environmental degradation in Kiambu County.

    The director of Gatundu Data Link Initiative William Kimotho said haphazard mineral exploitation was an “environmental time bomb” to the region.

    Speaking at his Gatundu town . . .

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