Market News

The National Union of Mineworkers (NUM) today signed a collective agreement with Two Rivers Platinum Mine that will result in the speedy implementation of an Employee Share Ownership Plan (ESOP) aimed at attracting and retaining employees, and fulfil the employer's employment obligations to its empl . . .

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 . . .