Market News

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 sector . . .

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 . . .

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 h . . .

A new all-inclusive Bill is set to be published to guide mineral wealth exploitation and address governance and environmental issues after the Cabinet on Friday approved a mining policy to attract fresh investment to the sector.   Mining Cabinet secretary Dan Kazungu said the new Bill will ad . . .

GOVERNMENT is working with China to finalise the guarantee needed for the $100 million loan meant for the small scale gold sector, Deputy Minister of Mines and Mining Development Fred Moyo has said. "It has been very slow," said Mr Moyo. "Government is guaranteeing so many transactions as such it ha . . .