Market News

Rwanda on Wednesday auctioned its largest mining site sitting on 22,000 hectares at Gatumba sector in Ngororero district of Western Province. Four companies have taken over a large portion of the mining site after winning a tender and have committed $ 37,843,791 worth of investment. Their inve . . .

Black Rock Mining (ASX:BKT) has begun a critical step in optimising its marketing strategy for its graphite holdings in Tanzania by initiating metallurgical testwork on samples from three key properties. Core and rock samples from the Mahenge project’s Epanko north and Ulanzi areas totallin . . .

Rwanda's Ministry of Natural Resources has granted mining licences to 20 companies and co-operatives that are among the list of 29 approved by the Cabinet.   The 29 licences have a total value of Rwf7 billion ($9.4 million) spanning five years. They are the first to be issued under the new mi . . .

SNC-Lavalin has been awarded an engineering, procurement and construction management contract for a potash mine and processing facility in northeastern Ethiopia. The project is being developed by Norwegian chemical company, Yara International ASA and is located in the Dallol region of the East Af . . .

Zimbabwe resumed chrome exports last week for the first time since 2011 when Government imposed a ban of raw chrome exports to encourage beneficiation of the mineral.   The Government lifted the four-year ban on chrome ore exports in June this year to boost foreign earnings from the sector an . . .