Market News
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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. . .Zimbabwe: U.S.$100 Million Mining Loan To Be Finalized by Govt
Posted on :Thursday , 31st March 2016
GOVERNMENT is working with China to finalise the guarantee needed for the $100 million loan meant for the small scale gold sector, Deputy Minister of Mines and Mining Development Fred Moyo has said. "It has been very slow," said Mr Moyo. "Government is guaranteeing so many transactions as such it has been difficult to come up with another option as we are not easily bankable.&quo. . .
Uranium Production in Namibia to Triple in 2017
Posted on :Wednesday , 30th March 2016
NAMIBIA'S uranium production is expected to be three times the volume produced in 2015, according to statistics issued by finance minister Calle Schlettwein in parliament recently.
"We are of the opinion that, in spite of weak commodity prices and relatively slow growth in external demand, the coming into operation of large-scale mining projects will support de. . .Zimbabwe: Mining Co. Set to Increase Gold Production
Posted on :Wednesday , 30th March 2016
Redwing mine, a subsidiary of South Africa-based Metallon Gold is set to increase gold production after resuming operations following a de-flooding exercise, management has revealed.
Redwing mine stopped operations in 2008 after Zimbabwe Electricity Supply Authority (ZESA) cut power supplies over payment issues. The move contributed to massive flooding of shafts as . . .Please Select an Option
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