Market News

 Perth – Mineral sands miner Base Resources was hunting for acquisition opportunities as it neared the completion of a production optimsiation programme at its $310-million Kwale mineral sands project, in Kenya. Speaking on the third day of the Africa Downunder conference, Base MD Tim Car . . .

Zimbabwe's sole ammonium nitrate producer, Sable Chemical is targeting to raise annual production by 50 percent next year after securing a $24 million loan from the African Export and Import Bank, an official has said. The company is currently producing 8 500 tonnes per month, which translates to ab . . .

Ethiopia's opal industry currently generates around 25 million USD a year.   The Ethiopian highlands are often called "the roof of Africa". It's a rugged, breathtakingly beautiful landscape and a discovery in recent years has got precious gem experts around the world excited: opals.   . . .

 IMPOVERISHED Malawi announced that new mineral deposits had been discovered in a $30-million geophysical survey sponsored by the World Bank and the European Union. Natural resources and mining minister Bright Msaka did not specify the minerals, but other officials said they were phosphate, cop . . .

MWANZA, Tanzania – Uranium mining at the Mkuju River Project in Southern Tanzania may start in April next year.   The Deputy Minister responsible for mining in Ministry of Energy and Mining  Charles Kitwanga  said following the arrival of heavy machinery. Uranium mining is sch . . .