Market News

AFRICA's largest copper producer, the Democratic Republic of Congo (DRC) has reportedly suspended consideration for a new mining tax law until the prices of the metal improve.   According to international media, the DRC government says it suspended the consideration of the mining code awaitin . . .

Zimbabwe Consolidated Diamond Company has commenced operations with over 100 000 carats having been mined two months after operations started. Finance Minister Patrick Chinamasa said yesterday that all revenue proceeds from the mining activities of the merged company will now accrue to Treasury. Thi . . .

The Australian mining company Triton Minerals, which holds the rights to graphite and vanadium deposits in the northern Mozambican province of Cabo Delgado, announced on 1 March that it is to focus on developing its graphite deposits at Ancuabe.   The deposit is expected to be the source of p . . .

Kibaran Resources Limited fresh from a 2.0 million US dollar capital raising has sent a sample of graphite from its Epanko project in Tanzania to test as a premium product for use in lithium-ion batteries.   The new bulk sample of 200 tonnes of Epanko graphite ore will be processed to produce . . .

Khartoum — The Ministry of Minerals has signed and agreement with the Neelan International Company for Mining according to which the company was granted concession block for exploration for gold at Halfa Locality in the Northern State.   The Minister of Minerals Dr. Ahmed Mohamed Sadiq . . .