Market News
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20 new Rwanda mining licences granted
Posted on :Friday , 30th October 2015
20 new Rwanda mining licences grantedRwanda’s Ministry of Natural Resources has granted 20 mining licences to qualified companies and cooperatives, among 29 approved by the cabinet.
The remaining nine companies which did not make it to new ministerial orders will be awarded their Rwanda mining licences after complying with all the requirements.
The minister o. . .Production at Mwadui diamond mine up
Posted on :Thursday , 29th October 2015
WILLIAMSON Diamond Mine, the subsidiary of Petra Diamonds, production rose by 7 per cent in the year 2015 to 202,265 carats compared to 188,465 carats in 2014, mainly due to the increase in Run of Mine (ROM) tonnes treated.
According to the Petra Diamonds Annual Reports and Accounts, revenue increased 15 per cent to 62.1 million US dollars in the year under review compared to 53.9 millio. . .Gold exports reach $3 billion per year
Posted on :Thursday , 29th October 2015
Sudan is one of Africa’s largest gold producers; and a vast resevoir of untapped resources provide further golden opportunities for investors in mining
The secession of South Sudan has proven to be the catalyst Sudan needed to revitalize its economy, the country’s State Minister for Investment Osama Faisal Elsayed Ali states. Since 2011, the country has embarked on a . . .Tanzania: Black Rock Mining to Finalise Funding for Graphite Exploration
Posted on :Tuesday , 27th October 2015
Black Rock Mining (ASX:BKT) has been granted a trading halt this morning, with its shares placed in pre-open.
The company requested the halt pending the finalisation of funding for its exploration program, and to strengthen its balance sheet.
Earlier in the month Black Rock hit its highest graphite grades yet at its Mahenge graphite project in Tanzania.
Tanzania: Acacia Mining Swings to the Red in Third Quarter
Posted on :Saturday , 24th October 2015
Tanzania's largest gold miner announced it posted net loss in the third quarter compared with the same period a year ago due to lower output and higher costs.
The gold mining company reported in its financial statement that it made a reported net loss of 13 million US dollars in the three months to September 30 compared with net profit of 28 million US dollars in th. . .Please Select an Option
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