Market News
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Kibo Mining Makes Good Progress Across Project Portfolio in Tanzania
Posted on :Monday , 14th December 2015
In a letter to shareholders, Kibo Mining CEO Louis Coetzee outlined the current status of the company and its projects:
The Board of Kibo Mining is pleased to report on a highly productive 2015, which saw the company significantly advance work across our project portfolio.
This progress has been achieved against the backdrop of persistent challenges for mining comp. . .Zimbabwe: Govt to Set Up Tantalite Buying Centre
Posted on :Monday , 14th December 2015
GOVERNMENT intends to establish a tantalite buying centre modelled along the same lines as Fidelity Printers and Refiners, Mines and Mining Development Minister Walter Chidhakwa. Tantalite is a black mineral found in granite rocks and mostly used in the electronics industry. It is used for the manufacturing of electronic capacitors for cell-phones and laptop computer chips, among others.
<. . .Tanzania: Dar Keen on Transparency in Mining, Gas Deals
Posted on :Wednesday , 9th December 2015
According to reports published by the Tanzania Extractive Industries Transparency Initiative (TEITI) revenues earned included tax, levies, royalties and other charges. TEITI is a multi-stakeholder initiative that aims to increase transparency and accountability in the extractive industries in Tanzania.
The government is committed to the principles and criteria of the Extractive I. . .Petra and Ekapa Acquire De Beers Oldest Diamond Mine
Posted on :Saturday , 5th December 2015
According to Reuters, Petra Diamonds Ltd and South African’s Ekapa Minerals would buy De Beers’ Kimberley mines for 102 million rand ($7.1 million). In last May, De Beers announced that it put the mining operations in Kimberley on sale.
Kimberley mines is located in the Northern Cape Province of South Africa. In 1871, a discovery of 83.5 carat diamond near a farm belo. . .Yara Gets New Partner for Dallol Project in Ethiopia
Posted on :Thursday , 3rd December 2015
Liberty Metals & Mining Holdings, LLC, a subsidiary of Boston-based Liberty Mutual Insurance (LMM), has acquired 25 percent of the shares in “Yara Dallol” for USD 51.25 million.
Yara’s share of the proceeds is USD 35.4 million.
Yara Dallol is a project looking at extracting potash in the Danakil depression in North-Eastern Ethiopia.
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