Major cement plant in Kenya to be constructed

 Cemtech Limited is set to commence in January the construction of a US$ 95m cement plant in Kenya in West Pokot County.   The feasibility study for the project which was commissioned in 2010 by the Kerio Valley Development Authority (KVDA) shows that the area has large limestone deposits with the possibility of producing 1.2 million tons of cement annually.   Cemtech’s General Manager, Diptish Nandha confirmed the news and said that they have finalized on the.... Read more »

Posted on : Friday , 25th September 2015

Uganda, China Sign Deal to Boost Mining Sector

Kampala — The Uganda Chamber of Minerals and Petroleum (UCMP) has signed a cooperation agreement with a Chinese province to help boost the budding mining sector.   According to the UCMP vice chairman, Mr Richard Kaijuka, the chamber inked the deal with Shandong Provincial Bureau of Geology & Mineral Resources to invest in different areas of the mining sector in Uganda.   He said as a result, a national central mineral laboratory will be built, extensive mineral.... Read more »

Posted on : Friday , 25th September 2015

Tanzania: Small Miners for Loan, Tool Support

Bukombe — CCM Union presidential flag bearer, Dr John Magufuli, said that if elected the fifth president, small-scale miners will be provided with loans and modern equipment to boost production.   He noted that the government would allocate adequate sites for small-scale miners and ensure that they significantly benefit from the resource which is abundantly found in their area.   Speaking to Bukombe residents, the candidate affirmed that the government would not.... Read more »

Posted on : Friday , 25th September 2015

Zimbabwe: Metallon's Revenue Up Seven Percent

Metallon Corporation's revenue for the first half of the year went up 7 percent to $58 million from around $54 million recorded in the first half of last year spurred by an increase in production during the period under review.   Gold production for the period increased to 48,143 ounces from 45,524 ounces for the first half 2014 despite lower prices recorded during the period.   Average mineral price recorded during the period was lower at $1 203 per ounce compared to $1.... Read more »

Posted on : Friday , 25th September 2015

GE Healthcare Commits $300 Million to Emerging Market Health

E Healthcare, the $18 billion healthcare technology division of GE (NYSE: GE), announced the creation of a new business unit, Sustainable Healthcare Solutions (SHS), that will develop high-value, low-cost technologies and healthcare delivery solutions across multiple care settings. The new organization will invest $300 million as part of a multi-phase effort to develop a more robust affordable healthcare portfolio for customers. The unit will combine GE Healthcare's operations in.... Read more »

Posted on : Friday , 25th September 2015

Gemfields mine in Zambia richer than initially thought

Emeralds and rubies miner Gemfields (LON:GEM) said Wednesday an independent report by consultancy firm SRK shows the Kagem mine in Zambia is set to produce 1.10 billion carats over a 25 year mine life, which is more than initially anticipated. The company said the total amount of indicated and inferred mineral resource at the emerald mine, 75% owned by Gemfields, is now estimated at 1.8bn carats worth of the green gemstone and beryl. According to SRK, the company needs to spend.... Read more »

Posted on : Friday , 25th September 2015

Tanzania: Chauma to Turn Mwanza Into Industrial Hub

Chama cha Ukombozi wa Umma (CHAUMA) presidential candidate Mr Hashim Rungwe has assured Mwanza residents that his new government will transform the region into an industrial hub where unemployment will become history. He said during a campaign meeting held at Buswelu in Ilemela district on Sunday that Mwanza had many industries which were privatized and others that remained inoperative and left to collapse. If CHAUMMA were voted into power, Mr Rungwe said, the privatized.... Read more »

Posted on : Thursday , 24th September 2015

NHC launches sale of new Mtwara houses

Officials of the state-owned real estate developer say the project is part of the NHC ten-year strategic plan spanning 2015 and 2025. Speaking at the launching ceremony in Dar es Salaam, the NHC's Acting Director of Sales and Marketing, Mr Tuntufye Mwambusi, said the Bank of Tanzania (BoT) has already booked 10 of the 30 residential houses.   "The Shangani residential apartments are located on the outskirts of Mtwara town which is adjacent to other residential and social.... Read more »

Posted on : Thursday , 24th September 2015

Envoy touts Turkish investment

Ambassador Eralp said that working with stakeholders in the tourism sector was among her top priorities and insisted that she would work hard to ensure the sector grows and attracts a good number of visitors from Turkey.   She also offered TANAPA an opportunity to advertise with Turkish Airline Magazine, Skyline Magazine and said the move would assist the national parks authority to attract tourists from over 60 destinations worldwide where the airline.... Read more »

Posted on : Thursday , 24th September 2015

Tanzania: Zanzibar Free to Develop Its Oil, Gas Industry, Says Minister

The Minister for Natural Resources, Mr Ramadhan Abdalla Shaaban, has said that Zanzibar is free to develop its oil and gas industry after the Union Parliament endorsed 'Petroleum Act 2015' last year. "I am the Minister responsible for oil and gas. If one wants to get proper information then it's from me..." Mr Shaaban said in Pemba Island, while responding to claims that Zanzibar has no legal powers to utilise its natural resources, which have been under Union matters since.... Read more »

Posted on : Thursday , 24th September 2015

Dar, Oslo vow to enhance economic, trade relations

The Norwegian Minister for Industry and Trade Ms Monica Mæland said at the launching of Yara Fertiliser Terminal in Dar es Salaam on Wednesday that Tanzania’s commitment to agricultural sector development has been impressive making it attractive to global investors due to its huge potentiality.   “I hope Yara will continue to contribute significantly to agriculture growth and Tanzania remaining committed to creating friendly business environment,” she.... Read more »

Posted on : Thursday , 24th September 2015

Mwadui mine life extended 20 years

The mine, partly owned by Petra Diamonds of South Africa, development plan is expected to deliver 350,000 carats per annum (ctpa) from a grade of approximately 7.0 carats per hundred tonnes (cpht).   A statement recently, shows that Petra’s current mine plan for Williamson, in Mwadui in Shinyanga, has a life extending to 2033. “ÉBut given that the Mwadui kimberlite hosts a major resource of 33.1 million of carats (Mcts), there is potential to extend the.... Read more »

Posted on : Thursday , 24th September 2015