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Business

China’s gold market on the rise

China has become the largest gold producer and consumer in the world in the past two decades. On the backdrop, Roland Wang, Managing Director of China for the WGC said his company aims to work with government bodies, regulators and market practitioners to ‘develop China’s gold market on a long-term, …

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Kenya Mining lures industry captains

Captains leading Kenya’s mining industry from companies such as Base Titanium, Acacia Mining, Karebe Gold Mining and the Kenya Chamber of Mines are expected to share their wealth of experience at the upcoming Kenya Mining Forum in Nairobi. “Base’s key message is to show the world what is possible to …

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Compact secondary belt cleaner on offer

Global innovator in the bulk material handling industry Martin Engineering has developed new cleaning technologies for applications where space for installation is limited. According to the company, the latest SQC2STM RM (Reduced Mini) Cleaner is a compact secondary belt cleaner allowing installation in close quarters, built with a narrow profile …

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Bunyu license applications progress

Volt Resources developers of Bunyu Graphite Project’ two mining license applications have been recommended for approval within the Tanzanian Ministry of Minerals online Cadastral system. The Tanzanian-focused flake graphite developer has lodged two applications with the Ministry of Minerals of Tanzania which covers the footprint for developments at the Bunyu …

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Oranto Petroleum enters Zambian market

Pan-African explorer Oranto Petroleum is farming into two exploration blocks located onshore Zambia, as part of the company’s first investment in the country. “Oranto Petroleum is committed to an aggressive work program to increase the level of prospectivity in one of the world’s last true frontier markets,” said Prince Aurthe …

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Walkabout acquire remaining Lindi stake

Graphite developer Walkabout Resources has acquired the remaining 30 percent interest in the Lindi Jumbo graphite project, in Tanzania, for $1-million. Trevor Benson, Executive chairperson said the purchase of the remaining stake in the project would see a huge value adding transaction to Walkabout. “The passing of this significant project …

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1000th Forevermark store opens in China

De Beers Group’s diamond brand Forevermark has launched Libert’aimeTM , a new flagship store at HKRI Taikoo Hui in Shanghai, China. The opening marks the 1,000th Forevermark store in China, and comes as the brand celebrates its 10-year anniversary in the country. Created to celebrate the spirit of a new generation …

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Syrah signs BAM site purchase agreement

Syrah has signed a purchase agreement for an industrial site for its Battery Anode Material (BAM) development in Vidalia, Louisiana. The development is the next step following the letter of intent previously announced on the (refer to quarterly update. Under the terms of the agreement, the purchase price of US$1.225 …

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Tanzanite agrees to paying outstanding taxes

Tanzanite One Mining Company has agreed to compensate and pay all taxes it owes the government, conceding some malpractices in its operations in the country. Chairman of President John Magufuli formed negotiation committee Prof Palamagamba Kabudi and Director of Tanzanite One Faisal Juma signed the payment agreement in Dar es …

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