Market News

  • Kenya: The New Mining Frontier of East Africa

    Posted on :Thursday , 4th August 2016

    Nairobi — THE Kenya Mining Forum scheduled for next month in Nairobi will showcase why the East African country is the new mining frontier.

     
    Mining Cabinet Secretary, Dan Kazungu, says the government has recognised the mining industry is a key pillar for growth and economic transformation and thus is preparing the country for the next big wave of mining activit. . .

  • Kenya: New Mining Law Hopes to Generate Sh300 Billion Annual Revenue By 2030

    Posted on :Thursday , 21st July 2016

    Lobbying for influential positions has started in earnest in the new legal order that will govern mining.

     
    The new mining law replaced some laws which were enacted in 1940s just after World War II.
     
    The law creates the crucial Mining Rights Board that will vet applications for licenses as well as a new parastatal, the National Mining Cor. . .

  • Public-Private Sector Ventures Hold Key to Development of Africa's Mining Sector - AU Expert

    Posted on :Wednesday , 22nd June 2016

    Frank Mugyenyi is a senior advisor for the department of trade and industry at the African Union Commission (AUC), and the brain behind the new African mining treaty. Adopted in 2009, the main objective of the treaty is to strengthen co-operation and partnership between the public and private sectors to boost the mining industry on the continent. Mugyenyi was in Rwanda recently, and met local s. . .

  • Ethiopia: Stella Trade Secures Large Scale Gold Mining License

    Posted on :Thursday , 14th April 2016

    The extraction license is a first for Stella, as well as the host region, Gambella

     
    Stella Trade and Industry PLC has joined the league of four gold extractors operating in Ethiopia, after securing a large-scale gold mining license. This is a first for the company, as well as the host region of Gambella.
     
    While more than 80 companies are. . .

  • Zambia Signs Deal With China for Geological Mapping

    Posted on :Wednesday , 13th April 2016

    THE Government has signed a five year agreement with China geological survey to carry out a geological mapping for Zambia.
     
    The cooperation is expected to be beneficial as it will enhance geological, geophysical and geochemical data gathering in areas where the geological survey department has not conducted mappings.
     
    Mines and Miner. . .

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