Market News

Rio Tinto Approves $1,9bn Bauxite Mine
Rio Tinto Approves $1,9bn Bauxite Mine
30 November 2015

Rio Tinto has given a go-ahead to a $1,9 billion project to build an Australian bauxite mine, defying a deepening commodities downturn. The investment is the largest that Rio has approved for more than two years, a period when global miners have slammed the brakes on spending following a surge in ca . . .

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Africa Inks Three Gold & Mineral Prospection Agreements
Africa Inks Three Gold & Mineral Prospection Agreements
30 November 2015

The Sudanese ministry of mining Sunday signed three agreements with national and foreign firms for the prospection of gold and other minerals in the Northern state, the states of South Kordofan and the Red Sea. The first agreement was signed with the Italian Kobe International to prospect in the lo . . .

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African nation gets US$15mn credit from World Bank for mining sector
African nation gets US$15mn credit from World Bank for mining sector
27 November 2015

 African nation Togo has received a US$15mn World Bank IDA credit amount to strengthen its mining sector mining tama66 pixabayTogo's mining sector is crucial to the growth of the country's economy.  The five Togo Mining Governance and Development project is valid from 2016 to 2020 and wi . . .

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Parliament to Discuss New Mining Law Next Month
Parliament to Discuss New Mining Law Next Month
25 November 2015

A new mining law to be debated by parliament starting next month promises to improve the environment for investment and generally enhance Uganda’s mining sector. “We hope to have a new law for debate in Parliament by December,” Peter Lokeris, the State Minister for mineral devel . . .

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Tanzania: Black Rock Mining Plans Drilling at Newly Confirmed Graphite Zone
Tanzania: Black Rock Mining Plans Drilling at Newly Confirmed Graphite Zone
19 November 2015

Black Rock Mining (ASX:BKT) has discovered extensive graphite mineralisation at its Bagamoyo project in Tanzania, with 40-55 kilometres of strike potential identified. The early-stage fieldwork mapped a 3.5-kilometre by 700-metre zone of graphite mineralised footprint within the project’s C . . .

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