Market News
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U.S.$40 Million Fund to Turn Around Fortunes of Rwanda Mining Sector
Posted on :Friday , 18th December 2015
The Rwanda mining sector is set to benefit from a $40 million credit guarantee fund.
The fund is to stimulate lending to the mining sector by reassuring lenders that in the event of default, part of the fund will meet the loss incurred.Mining is the second export revenue earner in Rwanda, employing about 30,000 people. However, . . .Angola Strengthen Cooperation With China in Mining Sector
Posted on :Friday , 18th December 2015
Luanda — The Angolan Minister of Geology and Mining, Francisco Queiroz, met Tuesday in Beijing with his Chinese Counterpart, Jiang Daming with whom he discussed issues linked to strengthening of cooperation between the two countries in Geology and Mining domain.
According to a press release from Angolan Embassy to China that reached Angop Tuesday, besides the . . .Zambia: Govt Collects K10 Billion From Mines
Posted on :Friday , 18th December 2015
Government's collection from the mining industry in 2014 increased to K9.92 billion from K8.2 billion the previous year, with Kansanshi Mining Plc contributing the largest percentage.
The increase of K1.72 billion represents about 21 per cent to Government's revenue.This is according to the 7th Extractive Industries Transparency Initi. . .Tanzania: Diamond Drilling Confirms High Grades at Walkabout Resources� Lindi Jumbo Project
Posted on :Tuesday , 15th December 2015
African focused junior mineral exploration company Walkabout Resources has reported very high grade graphite assay results of up to nearly 40% total graphitic carbon (TGC) for its maiden diamond drilling programme at its Lindi Jumbo project in south eastern Tanzania.
The diamond drill holes, all along the western flank of the Gilbert Arcarea of focus, were drilled in order to provide cor. . .Kibo Mining Makes Good Progress Across Project Portfolio in Tanzania
Posted on :Monday , 14th December 2015
In a letter to shareholders, Kibo Mining CEO Louis Coetzee outlined the current status of the company and its projects:
The Board of Kibo Mining is pleased to report on a highly productive 2015, which saw the company significantly advance work across our project portfolio.
This progress has been achieved against the backdrop of persistent challenges for mining comp. . .Please Select an Option
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