Market News
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Petra and Ekapa Acquire De Beers Oldest Diamond Mine
Posted on :Saturday , 5th December 2015
According to Reuters, Petra Diamonds Ltd and South African’s Ekapa Minerals would buy De Beers’ Kimberley mines for 102 million rand ($7.1 million). In last May, De Beers announced that it put the mining operations in Kimberley on sale.
Kimberley mines is located in the Northern Cape Province of South Africa. In 1871, a discovery of 83.5 carat diamond near a farm belo. . .Yara Gets New Partner for Dallol Project in Ethiopia
Posted on :Thursday , 3rd December 2015
Liberty Metals & Mining Holdings, LLC, a subsidiary of Boston-based Liberty Mutual Insurance (LMM), has acquired 25 percent of the shares in “Yara Dallol” for USD 51.25 million.
Yara’s share of the proceeds is USD 35.4 million.
Yara Dallol is a project looking at extracting potash in the Danakil depression in North-Eastern Ethiopia.
Ministry of Minerals Signs Three Agreements to Explore Gold in Some States
Posted on :Tuesday , 1st December 2015
Khartoum — The Ministry of Minerals signed three franchise agreements with national and foreign companies to operate in gold mining and other minerals.
The Minister of Minerals Dr. Ahmed Mohamed Sadiq Al-Karuri signed, on behalf of the government of Sudan, a concession agreement with Italian company to explore gold at Delgo locality in the Northern State.Rio Tinto Approves $1,9bn Bauxite Mine
Posted on :Monday , 30th November 2015
Rio Tinto has given a go-ahead to a $1,9 billion project to build an Australian bauxite mine, defying a deepening commodities downturn. The investment is the largest that Rio has approved for more than two years, a period when global miners have slammed the brakes on spending following a surge in capital expenditure when they tried to take advantage of rising commodity prices.
<. . .Africa Inks Three Gold & Mineral Prospection Agreements
Posted on :Monday , 30th November 2015
The Sudanese ministry of mining Sunday signed three agreements with national and foreign firms for the prospection of gold and other minerals in the Northern state, the states of South Kordofan and the Red Sea.
The first agreement was signed with the Italian Kobe International to prospect in the locality of Dalgo in the Northern State.
The second agreement was signed with . . .Please Select an Option
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