Market News

 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. . . .

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 Murd . . .