Market News
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Tanzania Appointed Chair of African Minerals Council
Posted on :Saturday , 4th June 2016
Tanzania has been elected chair of the Governing Council of African Minerals and Geosciences Centre (AMGC). The appointment was made over the council's 36th annual meeting in Addis Ababa.
Tanzania was represented by the Permanent Representative to the United Nations Economic Commission for Africa (Uneca) and its ambassador to Ethiopia, Ms Naimi Hamza Aziz, who atten. . .Tanzania: Kiwira Coal Mine Expansion To Start Next Year
Posted on :Saturday , 4th June 2016
Dodoma — Construction of a coal to electricity project at Kiwira coal mine will start next year, according to the deputy minister for Energy and Minerals, Mr Medard Kalemani informed Parliament today.
He noted that the State Mining Corporation, Stamico, will spend a total of $500 million to develop the project. Preparatory work for the development of the. . .Ethiopia: Stella Trade Secures Large Scale Gold Mining License
Posted on :Thursday , 14th April 2016
The extraction license is a first for Stella, as well as the host region, Gambella
Stella Trade and Industry PLC has joined the league of four gold extractors operating in Ethiopia, after securing a large-scale gold mining license. This is a first for the company, as well as the host region of Gambella.While more than 80 companies are. . .Zambia Signs Deal With China for Geological Mapping
Posted on :Wednesday , 13th April 2016
THE Government has signed a five year agreement with China geological survey to carry out a geological mapping for Zambia.The cooperation is expected to be beneficial as it will enhance geological, geophysical and geochemical data gathering in areas where the geological survey department has not conducted mappings.Mines and Miner. . .Zimbabwe: U.S.$100 Million Mining Loan To Be Finalized by Govt
Posted on :Thursday , 31st March 2016
GOVERNMENT is working with China to finalise the guarantee needed for the $100 million loan meant for the small scale gold sector, Deputy Minister of Mines and Mining Development Fred Moyo has said. "It has been very slow," said Mr Moyo. "Government is guaranteeing so many transactions as such it has been difficult to come up with another option as we are not easily bankable.&quo. . .
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