Sunridge Gold Corp (CVE:SGC) has secured three key mining licences in Eritrea for the Asmara project.
Asmara Mining (AMSC), a joint venture 60% owned by the Canadian group, has been awarded licences spanning 19.3 square kilometres and encompassing four advanced deposits – namely Emba Derho, Adi Nefas, Gupo Gold and Debarwa.
These areas were all incorporated into the feasibility study for Asmara, a proposed copper-zinc-gold mining operation.
.... Read more »
Posted on : Tuesday , 20th October 2015
Black Rock Mining (ASX:BKT) has boosted the exploration target at its highly prospective Mahenge graphite project in Tanzania.
After incorporating new exploration data from mapping, trench, pit and drill results, the target increased to between 84 million tonnes to 115 million tonnes at 8.66% to 10.34% total graphitic carbon (TGC).
The target is based upon the Ulanzi, Cascade and Epanko north lodes. It does not include the Kituti prospect.
.... Read more »
Posted on : Tuesday , 20th October 2015
Tanzania begins the construction of largest port in East AfricaTanzania has begun the construction of what it says will be the largest port in East Africa at a cost of about $11bn. Backed by China Merchants Holdings International and Oman’s State Government Reserve Fund, the project is expected to be a game changer in Tanzania’s quest to industrialize.
Officials in Tanzania believe that the construction of largest port in East Africa will not only boost th.... Read more »
Posted on : Tuesday , 20th October 2015
Construction firm Dorra Group has announced plans to construct 10,000 residential houses in Egypt in a bid to tackle the current demand for housing in the country.
Managing director Omar Dorra said they intend to target the youth in their housing projectl.
He said that they recently submitted a request to the Ministry of Housing to develop a residential project for youth and middle income persons.
“We have not yet received off.... Read more »
Posted on : Tuesday , 20th October 2015
Fuel prices in Kenya are expected to increase sharply next year as the government plans to increase taxes on the commodity to raise an additional Ksh16 billion ($152.62 million).
Posted on : Monday , 19th October 2015
Equipped with high tech machinery SHINTS entered European market within a short period of time with the production of outdoor and motorcycle apparels.
Posted on : Monday , 19th October 2015
FURNITURE manufacturers are targeting to increase capacity utilisation from the current 30 percent, but say Government should implement measures it proposed to turnaround the sector's fortunes.
Posted on : Monday , 19th October 2015
Lagos — The Governor of Lagos State, Akinwunmi Ambode, is expected to commission Cadbury's new state-of-the- art manufacturing plant on Friday October 16.
Posted on : Monday , 19th October 2015
Dangote Cement has signed two agreements that will enable its $600 million cement factory in Tanzania to generate 150MW from coal.
Posted on : Monday , 19th October 2015
Fidgety oil companies and investors heaved a sigh of relief in August when Kenya and Uganda announced they had picked a route for the world’s longest heated pipeline. Finally, there was a plan for getting the estimated 1 billion barrels in Kenya’s remote northwest out of the country.
The proposed route cut from northern Uganda’s Albertine region, into Kenya, through the Lokichar Basin, and then southeast before terminating in Kenya’s coastal La.... Read more »
Posted on : Monday , 19th October 2015
Aerial geological surveys conducted by the Geological Surveys and Mines Directorate (GSMD) in Kigezi sub-region in southwestern Uganda reveal 200 million metric tonnes of iron ore deposits.
Godfrey Bahati, the acting Director of GSMD in the Ministry of Energy and Mineral Development says that the surveys conducted in financial year 2014/15 showed massive deposits of iron ore in Kabale, Kisoro and Kanungu districts.
He says preliminary estimates of confi.... Read more »
Posted on : Monday , 19th October 2015
Kenya is set to start producing its first batch of industrial sugar when a Kisumu-based miller opens a special unit to handle the commodity next month.
Kibos Sugar factory will become the first sugar miller in eastern and southern Africa to manufacture the refined sugar meant for industrial use.
Users of the commodity are normally forced to import from Brazil under special licences that come with tax concessions. Industrial sugar is an essential input f.... Read more »
Posted on : Monday , 19th October 2015
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