Market News

Caledonia Mining Corporation says Blanket Mine delivered 10 927 ounces of gold in the third quarter to September 30, a 5 percent increase from the previous quarter.   Third quarter production was also 10,5 percent higher than the same period last year in which 9 890 ounces were produced. &nb . . .

 Two small scale mining companies are seeking gold and silver extraction licences to join the multi-billion Birr sector now dominated by MIDROC Gold.   These companies, Letto and Lozbez, completed their exploration work and submitted their feasibility studies to the Ministry of Mines (Mo . . .

Kenya is revising the country’s mining policy to lure more investment. According to estimates, Kenya’s mining sector has the potential to contribute about 6.4 per cent to the country’s gross domestic product (GDP). Chief Executive of Kenya’s Chamber of Mines Steven Mwak . . .

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 c . . .

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. . . .