Market News

The Tanzanian Ministry of Energy and Minerals (MEM) has recently announced that Tanzania will soon become one of the largest producers of graphite in the world, due to recent and abundant discoveries of graphite fields across the country.   The discoveries come mainly from Magnis Resources Li . . .

He noted that Ngara was a strategic point, which borders four countries — Rwanda, Burundi, Uganda and DRC – and, therefore, starting nickel mining would greatly help transform its economy. Addressing hundreds of Ngara residents recently, Mr Mongela noted that the presence of nickel pu . . .

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 . . .

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 . . .

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 min . . .