Market News

  • Ethiopia: East Africa Metals Requests Gold Mining License

    Posted on :Thursday , 25th August 2016

     East African Metals, a Canadian mine development company with an interest in exploration projects, has requested a license from the Ministry of Mines, Petroleum & Natural Gas, to start the large scale extraction of gold and silver in Ethiopia.

     
    The company has submitted its application to produce the minerals, in Tigray regional state, Terakimti locality.
  • Kenya: Team Formed to Regulate Sand Harvesting

    Posted on :Thursday , 18th August 2016

    Makueni County government officials on Friday met with representatives of sand harvesters to iron out conservation issues and regulated the trade following weeks of antagonism.
     
    The meeting took place at a hotel in Wote town bring together county officials, members of a local conservation agency and representatives of sand harvesters.
     
  • CS Kazungu eyes 10% GDP growth after new mining sector rules

    Posted on :Thursday , 11th August 2016

    The Mining ministry is working on a 20-year strategy to leapfrog its gross domestic product contribution from one per cent to at least 10 per cent by 2030.
     
    CS Dan Kazungu said passing the Minerals and Mining Policy and assenting Mining Bill 2016 into law set the ball rolling.
     
    "The new law and policy position Kenya towards the . . .

  • Mining ministry to set up fresh licensing board

    Posted on :Thursday , 11th August 2016

    The government is setting up a Mineral Rights Board to replace the current licensing advisory committee, as it embarks on implementing the new Mining Act.

     

    Mining Cabinet secretary Dan Kazungu yesterday said the board will oversee licensing and leasing, and is expected to reduce the time taken to process an application via the newly launched mining register portal.

  • Mining destined to be Kenya’s next “big thing” – top ranking official

    Posted on :Tuesday , 9th August 2016

    The Kenyan government considers mining as the proverbial sleeping giant of economy which will rise to prominence in the next ten years.
     
    Touting mining as “a key pillar for growth and economic transformation” the country’s mining cabinet secretary, Dan Kizungu, says Kenya is preparing the country for the next big wave of mining activity.
    . . .

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