Sunday , December 15 2019

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East Africa Metals receives final payment in Adyabo transaction

East Africa Metals has received the final payment of US$600,000 from Tibet Huayu Mining as part of the closing of the transaction as it purchased a 70% interest in the company’s Adyabo Project. Andrew Lee Smith, East Africa Metals’ CEO, is reportedly travelling to Addis Ababa, Ethiopia to meet with …

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Mahenge Liandu mine design nearing completion

The mine design for investment group Armadale Capital’s Mahenge Liandu graphite project, in Tanzania, is being finalised, following a site visit by the project engineer. The mine design, which will be optimised to ensure high-grade areas are targeted first, will be included in a definitive feasibility study (DFS) for the …

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Ethiopian sets target for its mining sector

The Ethiopian government has set a target for its mining sector to contribute around 10 per cent of the country’s Gross Domestic Product (GDP) by 2025. The sector contributed less than 1 per cent of Ethiopia’s GDP, 14 per cent of exports, 1 per cent of government revenue and was …

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