Market News

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 al . . .

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 be . . .

GOVERNMENT intends to establish a tantalite buying centre modelled along the same lines as Fidelity Printers and Refiners, Mines and Mining Development Minister Walter Chidhakwa. Tantalite is a black mineral found in granite rocks and mostly used in the electronics industry. It is used for the manuf . . .

According to reports published by the Tanzania Extractive Industries Transparency Initiative (TEITI) revenues earned included tax, levies, royalties and other charges. TEITI is a multi-stakeholder initiative that aims to increase transparency and accountability in the extractive industries in Tanzan . . .

According to Reuters, Petra Diamonds Ltd and South African’s Ekapa Minerals would buy De Beers’ Kimberley mines for 102 million rand ($7.1 million). In last May, De Beers announced that it put the mining operations in Kimberley on sale. Kimberley mines is located in the Northern Cape . . .