Market News
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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 . . .Zimbabwe: Headway in U.S.$3 Billion Platinum Project
Posted on :Saturday , 17th October 2015
The second phase of the $3 billion platinum project in Darwendale, a joint venture between Zimbabwe and Russian companies, is expected to start next year, with visiting Russian Deputy Minister of Industry and Trade Mr Georgy Kalamanov, yesterday expressing satisfaction with the progress made so far.
This phase involves construction and commissioning of two undergrou. . .Please Select an Option
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