Market News

 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 mont . . .

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 . . .