Market News

The Tanzanian Ministry of Energy and Minerals (MEM) has recently announced that Tanzania will soon become one of the largest producers of graphite in the world, due to recent and abundant discoveries of graphite fields across the country.   The discoveries come mainly from Magnis Resources Li . . .

The Australian government has been called on to take more notice of the nation’s important economic footprint in mining in Africa as well as in oil and gas. “Australia has a key role to play in helping Africa realise its mineral potential and contributing to the African Union’s . . .

20 new Rwanda mining licences grantedRwanda’s Ministry of Natural Resources has granted 20 mining licences to qualified companies and cooperatives, among 29 approved by the cabinet. The remaining nine companies which did not make it to new ministerial orders will be awarded their Rwanda min . . .

Sudan is one of Africa’s largest gold producers; and a vast resevoir of untapped resources provide further golden opportunities for investors in mining The secession of South Sudan has proven to be the catalyst Sudan needed to revitalize its economy, the country’s State Minister for I . . .

Tanzania's largest gold miner announced it posted net loss in the third quarter compared with the same period a year ago due to lower output and higher costs.   The gold mining company reported in its financial statement that it made a reported net loss of 13 million US dollars in the three m . . .