Market News
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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. . .UK based company Expands mining project to Africa
Posted on :Saturday , 20th June 2015
The Ethiopian government has entered a gold development agreement with UK-based gold mining company Kefi Minerals goldmine-pixabayKefi Minerals has conducted a feasibility study, which has revealed that there are 28 tonnes of gold. (Image source: Pixabay) Ethiopia’s minister of mine Tolosa Shagi signed the agreement with Kefi Minerals. The UK-based company will mine for gold and sil. . .
East Africa survey reveals US$15.6bn iron ore deposits
Posted on :Saturday , 20th June 2015
The Ministry of Energy and Mineral Development said the deposits were discovered and quantified following a series of recent airborne geophysical surveys.
In its latest review of the country’s mineral sector, the ministry said the new ore reserves were discovered at Buhara (48mn tonnes), Nangara (six million tonnes) and Rugando (55million tonnes); all in south-western Ugan. . .
African Development Bank To Grant USD 70.5 Million To Tanzania Energy Sector
Posted on :Tuesday , 9th June 2015
The Board of Directors of the African Development Bank (AFDB) approved to grant USD 70.5 Million to finance the Tanzania Power Sector Reform and Governance Support Programme (PSRGSP).
The objective of the operation is to promote inclusive growth and enhanced economic competitiveness through power sector, economic and financial governance reforms.&. . .Stamico To Sign Tin Trade Agreement With Dar Gold DMCC Ltd Dubai
Posted on :Wednesday , 3rd June 2015
Kyerwa Tin Company Ltd., a subsidiary of Tanzania State Mining Corporation (Stamico) and Dar Gold DMCC Ltd of Dubai signed a tin mining trade agreement to uplift small scale tin mining industry of Kyerwa district.The agreement was signed recently in Dar Es Salaam by the Acting Managing Director of Stamico Mr. Edwin Ngonyani.Please Select an Option
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