Market News
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Harmonized policies to underpin mineral resource gains in Africa
Posted on :Monday , 11th September 2017
Secretary General of COMESA Sindiso Ngwenya, says, this potential can be sustainably harnessed through establishment of governance structures and leveraging on the existing multinational trade agreements.
Speaking at the Africa Down Under (ADU) conference on mining that is taking place in Perth, Australia 6-8 September 2017, Mr. Ngwenya said sound institutiona. . .China, Kenya sign deal to fund Kenya’s airborne mineral survey
Posted on :Monday , 11th September 2017
Mining Cabinet Secretary Dan Kazungu said in a statement released on Wednesday that the National Treasury has signed off a multi-billion-loan agreement with China’s Exim Bank, paving the way for the funding of Kenya’s nationwide airborne geophysical survey.
“The 70 million U.S. dollars project is set to map Kenya’s minerals and natural . . .Kenya: Future Starts to Look Up for Titanium Firm As Prices Soar
Posted on :Monday , 11th September 2017
Local mineral producer Base Titanium is headed for a good run as ilmenite and rutile witness an upsurge in prices oversees.
The price of ilmenite has soared due to a dip in supply against an upswing in demand on the international market, while demand for zircon has strengthened owing to lower than anticipated global production of the ore. This has led to an in. . .Mining the next economic frontier
Posted on :Monday , 11th September 2017
Mining Cabinet Secretary Dan Kazungu was recently quoted as saying that “mining is the next economic frontier for Kenya, so get on board and be part of the mining boom”.
Following the enactment of the Mining Act 2016, Mr Kazungu has been leading a national and international charm offensive to attract investment in the mining sector, while also advo. . .Royalties: Vaaldiam Mining earns millions in royalties from mines years after exiting
Posted on :Monday , 11th September 2017
NAIROBI, KENYA: Canadian firm, Vaaldiam Mining Inc, earned a tidy Sh310 million during the year to June 2017 from the Kwale mineral sands project operated by Australian miner —Base Resources. While Vaaldiam might be unknown to many Kenyans, its predecessor Tiomin Resources is familiar to many and particularly to coastal residents.
For more than a decade, the firm struggled t. . .
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