Market News
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Magnis Resources signs mineral development agreement with Tanzanian government
Posted on :Friday , 30th October 2015
Tanzania - ASX-listed junior Magnis Resources has reached a 10 year agreement with the Tanzanian government on the terms of the mineral development agreement (MDA) for the Nachu Graphite project in Tanzania.
An MDA is a mechanism within the Tanzania Mining Act of 2010 for the holders of a special mining licence (SML) to ensure the rights of both parties are fully defined and prot. . .AAMIG calls for increased Australian government focus on mining in Africa
Posted on :Friday , 30th October 2015
The Australian government has been called on to take more notice of the nation’s important economic footprint in mining in Africa as well as in oil and gas.
“Australia has a key role to play in helping Africa realise its mineral potential and contributing to the African Union’s Africa Mining Vision,” Australia Africa Mining Industry Group (AAMIG) Chairman,. . .20 new Rwanda mining licences granted
Posted on :Friday , 30th October 2015
20 new Rwanda mining licences grantedRwanda’s Ministry of Natural Resources has granted 20 mining licences to qualified companies and cooperatives, among 29 approved by the cabinet.
The remaining nine companies which did not make it to new ministerial orders will be awarded their Rwanda mining licences after complying with all the requirements.
The minister o. . .Production at Mwadui diamond mine up
Posted on :Thursday , 29th October 2015
WILLIAMSON Diamond Mine, the subsidiary of Petra Diamonds, production rose by 7 per cent in the year 2015 to 202,265 carats compared to 188,465 carats in 2014, mainly due to the increase in Run of Mine (ROM) tonnes treated.
According to the Petra Diamonds Annual Reports and Accounts, revenue increased 15 per cent to 62.1 million US dollars in the year under review compared to 53.9 millio. . .Gold exports reach $3 billion per year
Posted on :Thursday , 29th October 2015
Sudan is one of Africa’s largest gold producers; and a vast resevoir of untapped resources provide further golden opportunities for investors in mining
The secession of South Sudan has proven to be the catalyst Sudan needed to revitalize its economy, the country’s State Minister for Investment Osama Faisal Elsayed Ali states. Since 2011, the country has embarked on a . . .Please Select an Option
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