Market News

 NAIROBI: A new mining law, which will give the Government a 10 per cent stake in new projects and aims to spur growth of the sector, should be in place by September.   Mining Cabinet Secretary Najib Balala said the Government was eager to put in place the “right framework” t . . .

Africa's largest platinum mining company, Zimplats, is building a $131 million base metal refinery at its Selous base, a senior official said Friday.   Acting chief executive, Stanley Segula, told parliamentarians visiting the company that $20 million has so far been invested in the project w . . .

 The British High Commissioner James Thornton has commended the partnership between the government of Zambia and the British gemstone exploration and mining company Gemfields plc, citing it to be a “very good example” of a British company investing in Zambia emerald-BigBeadLittleBea . . .

Guinea and its state miner have signed infrastructure sharing agreements with two of the country's leading mining companies in an effort to accelerate development of large-scale bauxite projects, a government official and one of the companies said. The accords, hammered out during negotiations in Pa . . .

 The deal, signed in Pretoria by South African mineral resource minister Ngoako Ramatlhodi and Canadian trade minister Ed Fast, encourages increased reciprocal investment in exploration and prospecting activities. The deal gives particular attention to investment in the junior to mid-tier mini . . .