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Market News

  • Public-Private Sector Ventures Hold Key to Development of Africa's Mining Sector - AU Expert

    Posted on :Wednesday , 22nd June 2016

    Frank Mugyenyi is a senior advisor for the department of trade and industry at the African Union Commission (AUC), and the brain behind the new African mining treaty. Adopted in 2009, the main objective of the treaty is to strengthen co-operation and partnership between the public and private sectors to boost the mining industry on the continent. Mugyenyi was in Rwanda recently, and met local s. . .

  • Tanzania Appointed Chair of African Minerals Council

    Posted on :Saturday , 4th June 2016

    Tanzania has been elected chair of the Governing Council of African Minerals and Geosciences Centre (AMGC). The appointment was made over the council's 36th annual meeting in Addis Ababa.

     
    Tanzania was represented by the Permanent Representative to the United Nations Economic Commission for Africa (Uneca) and its ambassador to Ethiopia, Ms Naimi Hamza Aziz, who atten. . .

  • Tanzania: Kiwira Coal Mine Expansion To Start Next Year

    Posted on :Saturday , 4th June 2016

     Dodoma — Construction of a coal to electricity project at Kiwira coal mine will start next year, according to the deputy minister for Energy and Minerals, Mr Medard Kalemani informed Parliament today.

     
    He noted that the State Mining Corporation, Stamico, will spend a total of $500 million to develop the project. Preparatory work for the development of the. . .

  • Ethiopia: Stella Trade Secures Large Scale Gold Mining License

    Posted on :Thursday , 14th April 2016

    The extraction license is a first for Stella, as well as the host region, Gambella

     
    Stella Trade and Industry PLC has joined the league of four gold extractors operating in Ethiopia, after securing a large-scale gold mining license. This is a first for the company, as well as the host region of Gambella.
     
    While more than 80 companies are. . .

  • Zambia Signs Deal With China for Geological Mapping

    Posted on :Wednesday , 13th April 2016

    THE Government has signed a five year agreement with China geological survey to carry out a geological mapping for Zambia.
     
    The cooperation is expected to be beneficial as it will enhance geological, geophysical and geochemical data gathering in areas where the geological survey department has not conducted mappings.
     
    Mines and Miner. . .

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