Market News
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Africa: Platinum mining company to invest U.S $131 Million
Posted on :Wednesday , 1st July 2015
Africa's largest platinum mining company, Zimplats, is building a $131 million base metal refinery at its Selous base, a senior official said Friday.
Acting chief executive, Stanley Segula, told parliamentarians visiting the company that $20 million has so far been invested in the project which is expected to create significant new employment opportunities for Masho. . .Tanzanian mine receives �strong interest� from developers
Posted on :Tuesday , 30th June 2015
Australian explorer IMX Resources has received “strong interest” from several ore developers in its Ntaka Hill Nickel Project located in southeast Tanzania. nickelmine-Marshman-WCThe Ntaka Hill Nickel Project hosts a measured and indicated resource of 20.3Mt at 0.58 per cent nickel and 0.13 per cent copper for 117,880 tonnes of contained nickel.
The Ntaka Hill Nickel. . .British High Commission- Africa draw out a Mining partnership
Posted on :Monday , 29th June 2015
The British High Commissioner James Thornton has commended the partnership between the government of Zambia and the British gemstone exploration and mining company Gemfields plc, citing it to be a “very good example” of a British company investing in Zambia emerald-BigBeadLittleBead-flickrGemfields and Kagem are keen to develop an international market for Zambian emeralds. The. . .
Tanzania: Huge Gold Deposits Discovered At Geita\'s Mgusu Mining Site
Posted on :Saturday , 27th June 2015
Geita — EXPLORATIONS conducted at the Mgusu mining site have discovered huge deposits of gold, with the current surveys at only four plots, revealing that over 430,000 ounces of gold are available.
According to the report, the four plots out of 16 at Mgusu underwent intensive drilling and surveying which showed the area was capable of producing more than. . .Kibo Mining finds more potential in Tanzania
Posted on :Friday , 26th June 2015
Mineral exploration and development company Kibo Mining has identified a new zone of ultramafic rocks over a strike length of about 30 km, similar to the Haneti-Itiso Ultramafic Complex (HIUC), in Tanzania. This would be a new target zone for follow-up exploration, the Aim-listed company said on Wednesday. MORE INSIGHT Kibo starts exploration work at Tanzania gold project Kibo Mining raises &po. . .
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