Market News
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Uganda, China Sign Deal to Boost Mining Sector
Posted on :Friday , 25th September 2015
Kampala — The Uganda Chamber of Minerals and Petroleum (UCMP) has signed a cooperation agreement with a Chinese province to help boost the budding mining sector.
According to the UCMP vice chairman, Mr Richard Kaijuka, the chamber inked the deal with Shandong Provincial Bureau of Geology & Mineral Resources to invest in different areas of the mining sector. . .
Tanzania: Small Miners for Loan, Tool Support
Posted on :Friday , 25th September 2015
Bukombe — CCM Union presidential flag bearer, Dr John Magufuli, said that if elected the fifth president, small-scale miners will be provided with loans and modern equipment to boost production.
He noted that the government would allocate adequate sites for small-scale miners and ensure that they significantly benefit from the resource which is abundantly foun. . .Zimbabwe: Metallon\'s Revenue Up Seven Percent
Posted on :Friday , 25th September 2015
Metallon Corporation's revenue for the first half of the year went up 7 percent to $58 million from around $54 million recorded in the first half of last year spurred by an increase in production during the period under review.
Gold production for the period increased to 48,143 ounces from 45,524 ounces for the first half 2014 despite lower prices recorded during th. . .
Gemfields mine in Zambia richer than initially thought
Posted on :Friday , 25th September 2015
Emeralds and rubies miner Gemfields (LON:GEM) said Wednesday an independent report by consultancy firm SRK shows the Kagem mine in Zambia is set to produce 1.10 billion carats over a 25 year mine life, which is more than initially anticipated.
The company said the total amount of indicated and inferred mineral resource at the emerald mine, 75% owned by Gemfields, is now estimated. . .Mwadui mine life extended 20 years
Posted on :Thursday , 24th September 2015
The mine, partly owned by Petra Diamonds of South Africa, development plan is expected to deliver 350,000 carats per annum (ctpa) from a grade of approximately 7.0 carats per hundred tonnes (cpht).
A statement recently, shows that Petra’s current mine plan for Williamson, in Mwadui in Shinyanga, has a life extending to 2033. “ÉBut given that the M. . .Please Select an Option
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