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Market News

  • Cuando Cubango - Mining Project in Advanced Stage

    Posted on :Friday , 16th October 2015

    Luanda — The Cuito and Cuchi Mining Project in southeastern Cuando Cubango province is in very advanced stageand with a good dynamics.

     
    This was said Wednesday in Luanda by the minister of Geology and Mining , Francisco Queiroz.
     
    The minister was speaking to journalists after attending the ordinary Joint Economy and Real Economy Co. . .

  • Blanket Mine Gold Output Up 5 Percent

    Posted on :Friday , 16th October 2015

    Caledonia Mining Corporation says Blanket Mine delivered 10 927 ounces of gold in the third quarter to September 30, a 5 percent increase from the previous quarter.

     
    Third quarter production was also 10,5 percent higher than the same period last year in which 9 890 ounces were produced.
     
    In an update, Caledonia said Blanket mine remained. . .

  • Kibo Mining Upbeat on Mbeya Coal Mine as DFS Progresses

    Posted on :Friday , 16th October 2015

    Kibo Mining (LON:KIBO) has finished work on the first phase of its definitive mining study (DFS) for the coal mine at its integrated power project in Tanzania.

    The work included a 820m diamond core drill programme to confirm slope angles of pit design, coal metallurgy to ensure to determine the power station design and data to upgrade the resource in the next phase of the DFS.

  • East Africa: Gold Miners Make 140.6 Million Br Investment

    Posted on :Thursday , 15th October 2015

     Two small scale mining companies are seeking gold and silver extraction licences to join the multi-billion Birr sector now dominated by MIDROC Gold.

     
    These companies, Letto and Lozbez, completed their exploration work and submitted their feasibility studies to the Ministry of Mines (MoM) in September.
     
    During the five years of the . . .

  • Magnis Resources� Nachu project offers superior expandable graphite

    Posted on :Wednesday , 14th October 2015

    The graphite from ASX-listed junior Magnis Resources’ Nachu graphite project in Tanzania is demonstrating very good crystal properties in the ore and the products derived from it, attaining high specifications in a range of applications.

    With natural graphite, the quality of the flake in ore is an important determinant in the quality of products generated from it, a quality. . .

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