Market News
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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.
Ministry of Minerals Signs Three Agreements to Explore Gold in Some States
Posted on :Tuesday , 1st December 2015
Khartoum — The Ministry of Minerals signed three franchise agreements with national and foreign companies to operate in gold mining and other minerals.
The Minister of Minerals Dr. Ahmed Mohamed Sadiq Al-Karuri signed, on behalf of the government of Sudan, a concession agreement with Italian company to explore gold at Delgo locality in the Northern State.Tanzania: Nyota Mulls Spinning Off Mineral Business, Investing In Other Sectors
Posted on :Tuesday , 1st December 2015
Nyota Minerals Ltd Monday said there is an opportunity “now more than ever” to acquire new projects and to pounce on opportunities that can generate near-term revenue and said it is considering investing in other sectors and potentially spinning off its mineral business in the future.
Nyota currently has a nickel and copper project in Italy and further exploration in . . .Please Select an Option
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