Market News
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Kibo Mining recrafts Mbeya project agreement with SEPCO III
Posted on :Friday , 26th August 2016
Kibo Mining has recrafted its agreement with SEPCO III for the construction of the Mbeya Coal to Power Project (MCPP) in Tanzania.
SEPCO III would refund Kibo 50% of the development costs incurred, starting with US$1.8mln by 30 August. In return, it would acquire the right to be the sole bidder for the project.The pair would move to agree the rema. . .Ethiopia: East Africa Metals Requests Gold Mining License
Posted on :Thursday , 25th August 2016
East African Metals, a Canadian mine development company with an interest in exploration projects, has requested a license from the Ministry of Mines, Petroleum & Natural Gas, to start the large scale extraction of gold and silver in Ethiopia.
The company has submitted its application to produce the minerals, in Tigray regional state, Terakimti locality.Tanzania: Acacia Mining Profit Up As Gold Prices Rise
Posted on :Wednesday , 24th August 2016
Acacia Mining profit in the first half of 2016 have soared as gold prices and sales surged while operating costs fell.
The gold mining company, which operates three mines in Tanzania, said in a statement its earnings before interest, tax, depreciation and amortisation for the six months to June 30 rose 91 per cent to 184.9 million US dollars, helped by lower c. . .Epanko to Supply Tanzanian Graphite to Japan
Posted on :Tuesday , 23rd August 2016
Australian graphite developer Kibaran Resources (ASX:KNL) has recently signed an agreement with Japanese trading giant Sojitz for the supply of graphite from its Epanko project in Tanzania.According to the exclusive agreement, Kibaran will supply a minimum of 14,000t per year of natural flake graphite products from Tanzania to Sojitz over the next 5 years.Tanzania: India Appeals to Ease Restrictions on Tanzanite Export
Posted on :Tuesday , 23rd August 2016
India has appealed to Tanzania to lift the restriction imposed on export of tanzanite weighing over one gram and subsequently double its export tax as a measure to curtail illegal trade of the blue gemstone.
Since Tanzania decided to ban export of raw tanzanite in 2012, it had sent shockwaves to gem and jewellery industries, especially those based in the northern In. . .Please Select an Option
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