Market News
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Ghana: Investors in Mining Sector Return 77 Percent Profit to Ghana
Posted on :Thursday , 10th September 2015
Mr. Sulemanu Koney, Chief Executive Officer of the Ghana Chamber of Mines, says contrary to popular opinion, the mining industry returns a large proportion of its revenue to the Ghanaian economy.
He said, in 2014, for instance, the industry returned approximately 77 per cent of its revenue to the country, with a large part of the remainder used for capital expenditu. . ..jpg)
Government bans issuance of mining licences to minors
Posted on :Wednesday , 9th September 2015
The Ministry of Energy and Minerals has warned that children under 18 years are not allowed to be registered as shareholders when applying for mining licences.
An official of the ministry, Ms Nuru Shabani, sounded the warning here during a training for small-scale and artisanal miners on the newly introduced Online Mining Cadastre Transactional Portal (OMCTP).. . .
Kenya: Gold discovery brings Nandi back to life
Posted on :Wednesday , 9th September 2015
The discovery of one of the world’s most prized minerals — gold — is opening golden opportunities for villagers at Kapsaos location, Aldai in Nandi County.
Kapsaos is slowly turning into a hive of activity as residents seize opportunities to extract the resource from their hilly and rocky farms to generate additional income from the traditional maize, coffee and live. . ..jpg)
Kibo says Tanzania power project will be competitive
Posted on :Saturday , 5th September 2015
Dual-listed Kibo Mining expects its Mbeya coal-to-power (MCPP) project, in Tanzania, to produce electricity at “well below” national electricity tariffs. “Tanzania has varied electricity tariffs; it can be anything form $0.18/kWh to $0.35/kWh, but our project will come in well below the existing going rate,” CEO Louis Coetzee told Mining Weekly Online. He pointed o. . .
Australia to focus on investment in Africa, rather than aid
Posted on :Friday , 4th September 2015
Rather than focusing on economic aid to African nations, the Australian government’s focus would be on encouraging the private sector to invest in the region, specifically the mining region, Foreign Affairs Minister Julie Bishop said. Speaking on the last day of the Africa Downunder conference, Bishop noted that the Australian government had been working hard to strengthen trade and busin. . .
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