Market News

 NAIROBI: A new mining law, which will give the Government a 10 per cent stake in new projects and aims to spur growth of the sector, should be in place by September.   Mining Cabinet Secretary Najib Balala said the Government was eager to put in place the “right framework” t . . .

Africa's largest platinum mining company, Zimplats, is building a $131 million base metal refinery at its Selous base, a senior official said Friday.   Acting chief executive, Stanley Segula, told parliamentarians visiting the company that $20 million has so far been invested in the project w . . .

 Australian explorer IMX Resources has received “strong interest” from several ore developers in its Ntaka Hill Nickel Project located in southeast Tanzania. nickelmine-Marshman-WCThe Ntaka Hill Nickel Project hosts a measured and indicated resource of 20.3Mt at 0.58 per cent nickel . . .

 The British High Commissioner James Thornton has commended the partnership between the government of Zambia and the British gemstone exploration and mining company Gemfields plc, citing it to be a “very good example” of a British company investing in Zambia emerald-BigBeadLittleBea . . .

 Geita — EXPLORATIONS conducted at the Mgusu mining site have discovered huge deposits of gold, with the current surveys at only four plots, revealing that over 430,000 ounces of gold are available.   According to the report, the four plots out of 16 at Mgusu underwent intensive dr . . .