Market News
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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. . .
Africa: Signs infrastructure sharing agreements with two leading miners
Posted on :Friday , 26th June 2015
Guinea and its state miner have signed infrastructure sharing agreements with two of the country's leading mining companies in an effort to accelerate development of large-scale bauxite projects, a government official and one of the companies said. The accords, hammered out during negotiations in Paris, detail how key infrastructure, including a railway and port in the northwestern Boké . . .
Africa and Canada sign mining MoU
Posted on :Thursday , 25th June 2015
The deal, signed in Pretoria by South African mineral resource minister Ngoako Ramatlhodi and Canadian trade minister Ed Fast, encourages increased reciprocal investment in exploration and prospecting activities.
The deal gives particular attention to investment in the junior to mid-tier mining sector, as well as asserting both parties’ commitment to collaborate on skills . . .Gold mining still most significant source of income in Africa, Asia � WGC
Posted on :Monday , 22nd June 2015
While the global gold industry injected more than US$171 billion into the world’s economy in 2013, the countries that benefitted the most from such contribution were mainly African and Asian nations, the World Gold Council says.
Even though the focus of the report released this week is on formal, large scale mining, the council acknowledges that artisana. . .Please Select an Option
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