Market News
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Petra Diamonds injects US$22 million into Mwadui mine operations
Posted on :Friday , 9th October 2015
Petra Diamonds has earmarked US$22 million for capital spending in two years at its Williamson mine at Mwadui in Shinyanga, which last fiscal year produced 202,265 carats, The Guardian has established.
Reliable sectoral sources said US$17 million will be injected into the operation in the current financial year, which started this June. The remaining US$5 million fo. . .Sudan, Saudi Arabia Discuss Minerals Exploration in the Red Sea
Posted on :Thursday , 8th October 2015
Sudan and Saudi Arabia on Tuesday have discussed exploration of mineral resources in the common area between the two countries in the Red Sea.
In February 2012 the two nations launched the Atlantis II joint venture to exploit gold, silver, copper and other minerals from the bottom of the Red Sea.
The joint sea region of Atlantis II has about 97 million tons of various raw . . .Mining - Australia Seeks Closer Ties With Nigeria
Posted on :Wednesday , 7th October 2015
The Australian High Commission and Australia's Murdoch University have organized a policy workshop for experts in Nigeria's mining field, to foster growth and inclusiveness in the Nigerian mining sector.
The workshop which reported on the research outcomes of Nigeria's mining sector by Murdoch University explored how the extractives sector could contribute positivel. . .Ethiopia: Gov\'t Plans to Garner U.S.$3 Billion From Mining Sector
Posted on :Wednesday , 7th October 2015
At the end of the second Growth and Transformation Plan (GTP II) (2016-2020) the Ministry of Mines is planning to garner three billion dollars a year from mineral and gas exports.
The leadership of the Ministry of Mines and employees of the ministry are deliberating on the second GTP at the ministry from October1-5. In the sideline of the meeting Minister Tolossa Sh. . .Ethiopia: Tapping Minerals a Step for Economic Diversification
Posted on :Wednesday , 7th October 2015
Many study researches indicate that Ethiopia is endowed with various natural resources which exist on the surface and beneath the ground. Its flora and fauna, with rich biodiversity, on the one hand and its minerals that abound underground and which remained unexplored for ages have an immense potential to elevate the status of the nation's economy. However,due to lack of knowledge,skill,capita. . .
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