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  • Australia\'s Intrepid Mines Invests U.S.$40 Million in Africa\'s Kitumba Project

    Posted on :Thursday , 24th December 2015

     Intrepid Mines, an Australian company, has spent more than US$40 million on drilling and exploration works on the Kitumba Mine project located in Mumbwa District.

     
    Intrepid Board representative and non-executive director, Richard Baumfield said the Australian Stock Exchange-listed firm underwent restructuring and had since merged with Blackthorn Resources to ac. . .

  • Intrepid Mines Invests U.S.$40 Million in Kitumba Project

    Posted on :Monday , 21st December 2015

    Intrepid Mines, an Australian company, has spent more than US$40 million on drilling and exploration works on the Kitumba Mine project located in Mumbwa District.

     
    Intrepid Board representative and non-executive director, Richard Baumfield said the Australian Stock Exchange-listed firm underwent restructuring and had since merged with Blackthorn Resources to acquire . . .

  • Zimasco Signs U.S.$12 Million Lease Agreement

    Posted on :Saturday , 19th December 2015

    At full throttle, Portnex International is expected to process 240 000 tonnes of raw chrome per annum which translates to 100 000 tonnes of ferrochrome over the same period. The country's biggest ferrochrome smelter and miner, Zimbabwe Mining and Smelting Company (Zimasco) has signed a $12 million lease agreement with South African based firm, Portnex International to operate its furnaces.

    . . .

  • U.S.$40 Million Fund to Turn Around Fortunes of Rwanda Mining Sector

    Posted on :Friday , 18th December 2015

     The Rwanda mining sector is set to benefit from a $40 million credit guarantee fund.

     
    The fund is to stimulate lending to the mining sector by reassuring lenders that in the event of default, part of the fund will meet the loss incurred.
     
    Mining is the second export revenue earner in Rwanda, employing about 30,000 people. However, . . .

  • Angola Strengthen Cooperation With China in Mining Sector

    Posted on :Friday , 18th December 2015

    Luanda — The Angolan Minister of Geology and Mining, Francisco Queiroz, met Tuesday in Beijing with his Chinese Counterpart, Jiang Daming with whom he discussed issues linked to strengthening of cooperation between the two countries in Geology and Mining domain.

     
    According to a press release from Angolan Embassy to China that reached Angop Tuesday, besides the . . .

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