Market News
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Ethiopia: Gov\'t Plans to Garner U.S.$3 Billion From Mining Sector
Posted on :Wednesday , 7th October 2015
At the end of the second Growth and Transformation Plan (GTP II) (2016-2020) the Ministry of Mines is planning to garner three billion dollars a year from mineral and gas exports.
The leadership of the Ministry of Mines and employees of the ministry are deliberating on the second GTP at the ministry from October1-5. In the sideline of the meeting Minister Tolossa Sh. . .Ethiopia: Tapping Minerals a Step for Economic Diversification
Posted on :Wednesday , 7th October 2015
Many study researches indicate that Ethiopia is endowed with various natural resources which exist on the surface and beneath the ground. Its flora and fauna, with rich biodiversity, on the one hand and its minerals that abound underground and which remained unexplored for ages have an immense potential to elevate the status of the nation's economy. However,due to lack of knowledge,skill,capita. . .
Tanzania: Shanta Gold lays out five year plan for New Luika
Posted on :Wednesday , 30th September 2015
An underground extension to Shanta Gold’s New Luika mine will produce 310,000 ounces and add US$72mln to the value of the project, a new study has concluded.
A new mine plan to include underground mining as well as the ongoing surface mining and tailings recovery project envisages enough high grade reserves to maintain average production at 84,000 oz annually over the next . . .African Potash signs supply deal with Zambia distributor
Posted on :Wednesday , 30th September 2015
Shares in African Potash (LON:AFPO) jumped Friday after the miner announced it has sealed a deal to sell 50,000 metric tonnes (MT) of its fertilizer product to a Zambian distributor in the Common Market for Eastern and Southern Africa (COMESA) for $500 a tonne.
The stock was up 2.5% at 3.625p in early trading, a fresh 12-month high, and traded around 2.9p mid-afternoon in London . . .Ethiopian Government to Encourage Foreign Investment in Mining
Posted on :Monday , 28th September 2015
Ethiopia government has promised a “bright future” for foreign investors in the country’s mining sector.
Ethiopian Minister of Mines Tolesa Shagi on Friday called on development partners to join the country’s efforts in boosting the mining sector development for mutual benefit.
Speaking at a two-day international mining conference in Addis A. . .Please Select an Option
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