Market News

  • Kenya's upcoming gold refinery to benefit small miners

    Posted on :Tuesday , 29th January 2019

    Kenya has proposed to set up a gold refinery in the west of the country to help small scale miners and the government is seeking consultants to advise on its construction, the Petroleum and Mining Ministry said on Friday.

    Kenyan mines have proven deposits of titanium, gold and coal but its mining sector is a relatively small contributor to national output. Nonetheless, revenues are expe. . .

  • Simret, a high-grade silver discovered in East Africa

    Posted on :Tuesday , 11th December 2018

    Altus Strategies a UK-based mining company, announced the revelation of what the company calls “the Simret silver prospect” at its 100%-owned Daro project, located in the Tigray Regional State in East Africa.

    In a media statement, the project generator MNC said that Simret showed silver grades that include . . .

  • Kenya mining industry set for a boom

    Posted on :Thursday , 22nd March 2018

     A new mining act signed into law by President Uhuru Kenyatta could see Kenya’s nascent mining industry finally come into its own. Oil companies, like UK’s Tullow Oil, have been prospecting in Kenya for a few years now, and they are expected to start production by 2021. Due to a mining law passed late 1940 combined with geological data that was 32 years older than that, Kenya m. . .

  • $40m Coltan Plant in Tanzania to boost mineral production

    Posted on :Wednesday , 14th March 2018

     The government officials as well as AB Minerals and Destiny Minerals and Agriculture Consultant (DMAC) representatives met here recently to discuss a project for a plant that will be constructed in Dar es Salaam to add value to tantalum and niobium. It is known that Rwanda, Burundi, Mozambique, Ethiopia, Democratic Republic of Congo and Nigeria will be major importers of the minerals as t. . .

  • Encouraged by positive drilling outcomes of gold expansion, Ortac optimistic

    Posted on :Friday , 23rd February 2018

     Significant mineralisation intersection at the Casa mining project, in the Democratic Republic of the Congo was reported by the Aim-listed Ortac Resources on Thursday

    The new gold assay results emerged from the expansion and infill drill programme currently under way at its Akyanga gold deposit and show 8.70 m at 3.90 g/t gold from 98.40 m, including 2.80 m at 10.62 g/t gold fro. . .


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