Market News

  • Malawi Discovers New Mineral Deposits

    Posted on :Monday , 24th August 2015

     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, copper, coal, kimberlite, nobium and uranium. No details were given of the size or value of the depo. . .

  • Mantra to start uranium mining

    Posted on :Monday , 24th August 2015

    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 scheduled to commence in April next year.
     
    Kitwang. . .

  • Ethiopia wants to raise Mining Profile

    Posted on :Tuesday , 11th August 2015

    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 opened for the contracts for construction of the process plant and operation of its Tulu Kapi gold mi. . .

  • East Africa to explore more mining options, and develop trade expansion

    Posted on :Saturday , 1st August 2015

     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 are in the western part of Rwanda and will bring in investments of about around. . .

  • Governors to Get a Seat in Minerals Board

    Posted on :Friday , 31st July 2015

     A representative of the Council of Governors will sit at the Mineral Rights Board after a Senate committee introduced changes to the Mining Bill set to be debated Thursday.Senate needs to pass the Bill to beat the August 27, deadline of publishing the Mining Bill, which will have a huge impact on the mining sector.

    Introduction of membership from governors is seen as a key strat. . .

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