Market News

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 . . .

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 ca . . .

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 lo . . .

 African nation Togo has received a US$15mn World Bank IDA credit amount to strengthen its mining sector mining tama66 pixabayTogo's mining sector is crucial to the growth of the country's economy.  The five Togo Mining Governance and Development project is valid from 2016 to 2020 and wi . . .

A new mining law to be debated by parliament starting next month promises to improve the environment for investment and generally enhance Uganda’s mining sector. “We hope to have a new law for debate in Parliament by December,” Peter Lokeris, the State Minister for mineral devel . . .