Market News

Ethiopia's opal industry currently generates around 25 million USD a year.   The Ethiopian highlands are often called "the roof of Africa". It's a rugged, breathtakingly beautiful landscape and a discovery in recent years has got precious gem experts around the world excited: opals.   . . .

 IMPOVERISHED Malawi announced that new mineral deposits had been discovered in a $30-million geophysical survey sponsored by the World Bank and the European Union. Natural resources and mining minister Bright Msaka did not specify the minerals, but other officials said they were phosphate, cop . . .

MWANZA, Tanzania – Uranium mining at the Mkuju River Project in Southern Tanzania may start in April next year.   The Deputy Minister responsible for mining in Ministry of Energy and Mining  Charles Kitwanga  said following the arrival of heavy machinery. Uranium mining is sch . . .

The government wants to showcase the opportunities available in mining by hosting an international conference next month in Addis Ababa.This also comes when KEFI Minerals (KEFI), the gold exploration and development company with projects in Saudi Arabia and Ethiopia, announced final bidding has open . . .

 Rwanda has signed mining contracts with six mining companies to exploit 10 mining concessions that could potentially bring about profits to the tune of US$45mn over the next five years stripmine-tomdef-sxchuThe six companies will mine tantalum, tin and tungsten ores.  The concessions ar . . .