Market News

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 fl . . .

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 shockwav . . .

Edenville Energy has welcomed the government move to ban coal import as an impetus in boosting local production.   The government decision gives an opportunity to local based companies to increase production of coal and enable the country's resources to be brought into commercial production a . . .

South Africa’s Harmony Gold (JSE:HAR) (NYSE:HMY) is said to be considering the acquisition of Barrick Gold's stake in Acacia Mining (LON:ACA), as the miner looks to expand operations across Africa.   Reporting annual results for the year ended in June, Harmony — the world’s . . .

Tanzanite gemstones worth over 3.3 million US dollars (over 7bn/-) were sold during the maiden mineral auction here over the weekend as Manyara region starts the process to build mineral export processing zone at Mirerani.   "We have already secured a vast plot onto which the Tanzanite EPZ wi . . .