Market News
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Base starts the hunt for new assets
Posted on :Friday , 4th September 2015
Perth – Mineral sands miner Base Resources was hunting for acquisition opportunities as it neared the completion of a production optimsiation programme at its $310-million Kwale mineral sands project, in Kenya. Speaking on the third day of the Africa Downunder conference, Base MD Tim Carstens said the company was making good progress in refinancing current debt obligations to better. . .
Sable to Raise an Output By 50 Percent
Posted on :Friday , 4th September 2015
Zimbabwe's sole ammonium nitrate producer, Sable Chemical is targeting to raise annual production by 50 percent next year after securing a $24 million loan from the African Export and Import Bank, an official has said. The company is currently producing 8 500 tonnes per month, which translates to about 102 000 tonnes per year. But production is expected to progressively increase to 150 000 tonn. . .
Opal Miners Dig Their Way to Prosperity
Posted on :Friday , 4th September 2015
Ethiopia's opal industry currently generates around 25 million USD a year.
The Ethiopian highlands are often called "the roof of Africa". It's a rugged, breathtakingly beautiful landscape and a discovery in recent years has got precious gem experts around the world excited: opals.The government has supplied the miners with b. . .
Malawi Discovers New Mineral Deposits
Posted on :Monday , 24th August 2015
IMPOVERISHED Malawi announced that new mineral deposits had been discovered in a $30-million geophysical survey sponsored by the World Bank and the European Union. Natural resources and mining minister Bright Msaka did not specify the minerals, but other officials said they were phosphate, copper, coal, kimberlite, nobium and uranium. No details were given of the size or value of the depo. . .
Mantra to start uranium mining
Posted on :Monday , 24th August 2015
MWANZA, Tanzania – Uranium mining at the Mkuju River Project in Southern Tanzania may start in April next year.
The Deputy Minister responsible for mining in Ministry of Energy and Mining Charles Kitwanga said following the arrival of heavy machinery. Uranium mining is scheduled to commence in April next year.Kitwang. . .Please Select an Option
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