Market News
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East Africa survey reveals US$15.6bn iron ore deposits
Posted on :Saturday , 20th June 2015
The Ministry of Energy and Mineral Development said the deposits were discovered and quantified following a series of recent airborne geophysical surveys.
In its latest review of the country’s mineral sector, the ministry said the new ore reserves were discovered at Buhara (48mn tonnes), Nangara (six million tonnes) and Rugando (55million tonnes); all in south-western Ugan. . .
Kenya: Unpredictable business laws cause jitters in the growing mining sector
Posted on :Monday , 1st June 2015
Local Mining firms are concerned with what they term as rapid-fire methods of Mining Cabinet Secretary Najib Balala, to the point that some are threatening to quit the country.
Cortec Mining Kenya Ltd (CMK) management told Africa Mining Intelligence, a specialist publication for the mining industry in Africa, that it was thinking of hauling the Government befo. . ..jpg)
Strandline Resources has confirmed discovery of a huge potential of heavy mineral sands (HMS) at the six kilometres long Madimba Prospect in the country.
Posted on :Thursday , 5th March 2015
Strandline Resources Limited is an Australian mineral exploration and development company based in Perth and listed on the Perth Stock Exchange since 2000.
HMS are a class of ore deposit which is an important source of zirconium, titanium, thorium, tungsten, rare earth elements, industrial diamond, sapphire, garnet, and occasionally precious metals or gemstone. . .Mines ministry launches portal to track licences
Posted on :Tuesday , 10th February 2015
The Mining ministry has adopted an online portal in a fresh campaign to boost transparency in the issuance of licences even as the industry awaits new laws to spur investments.
The transactional Mining Cadastre Portal (OTMCP) launched last week by Deputy President William Ruto will track all mining licences — from exploration to production—that have been issued by the mini. . .Rise in royalties boosts state\'s mining revenue
Posted on :Tuesday , 27th January 2015
Kenya's mining revenues stood at Sh600 million in the first half of the 2014/2015 financial year, boosted by royalties from increased mineral exploration, Cabinet secretary Najib Balala said yesterday.
"We are hopeful that the Sh1.2 billion target for the current year will be achieved by end of this financial year," Balala said.<. . .Please Select an Option
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