Market News

Petra Diamonds has earmarked US$22 million for capital spending in two years at its Williamson mine at Mwadui in Shinyanga, which last fiscal year produced 202,265 carats, The Guardian has established.   Reliable sectoral sources said US$17 million will be injected into the operation in the c . . .

Are underrated reserves the saving grace of the Australian mining sector? This appears to be so with the latest opportunities to revive the badly-hit industry in the midst of the country’s economic crisis. Proactive Investors Australia reported that a 7,000-metre, high-impact reverse circul . . .

Sudan and Saudi Arabia on Tuesday have discussed exploration of mineral resources in the common area between the two countries in the Red Sea. In February 2012 the two nations launched the Atlantis II joint venture to exploit gold, silver, copper and other minerals from the bottom of the Red Sea. . . .

The Australian High Commission and Australia's Murdoch University have organized a policy workshop for experts in Nigeria's mining field, to foster growth and inclusiveness in the Nigerian mining sector.   The workshop which reported on the research outcomes of Nigeria's mining sector by Murd . . .

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 . . .