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Mining licensing ban affecting investment

Stakeholders in the Kenyan mining industry believe that the moratorium to renew mineral licences imposed by the Ministry of Petroleum and Mining last December is affecting the sector. The Kenya Chamber of Mines (KCM) and other stakeholders in the mining industry are calling on the government to lift a ban …

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Middle East, Africa mining industry increased by 16.7% in the second quarter

Data and analytics company GlobalData’s deals database shows that overall deal activity in the Middle East and African metals and mining industry increased by 16.7% in the second quarter. Twenty-eight deals worth $1.44-billion were announced for the region during the quarter, against the last four-quarter average of 24 deals. Of …

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Concerns raised over Acacia mining deal

Several leaders from the Western Kenya region among them Amani National Congress (ANC) chief Musalia Mudavadi, his Ford-Kenya counterpart Moses Wetang’ula and Sabati MP Alfred Agoi have sought details about the gold exploration and how Acacia Mining acquired mining rights. They said this as pressure mounts on the government to …

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Kefi on track to finalise Tulu Kapi financing by October, MRE for Hawiah next month

Aim-listed Kefi Minerals continues to progress talks with Ethiopian investors and international specialist mining financiers, with the aim of securing project equity ahead of closing the full financing package for the Tulu Kapi gold project, in Ethiopia, by October. The company remains focused on achieving key targets set out in February, including …

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Tanzania reap rewards for establishing mineral exchange centres.

Due to the establishment of mineral exchange centre in each region, Tanzania has recorded a historical total mineral revenue collection of 58bn/- in April. The realisation came despite challenges caused by coronavirus outbreak that continues to rock the world. President John Magufuli unveiled this in Dodoma on Tuesday while delivering …

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We Need a Cohesive Strategy and Coordinated Approach for SMEs to grow post COVID-19

The announcement of a prolonged shut-down across many major African countries as a measure to contain the spread of COVID-19 could have dramatic negative effects on the economy of the entire continent. Africa’s GDP is largely driven by Small and Medium Enterprises (SMEs) and the informal sector that accounts for …

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Outotec deliver copper solvent extraction tech in DRC

Outotec has been awarded a contract by La Sino-Congolaise Des Mines SA, a joint-venture formed by companies from China and the Democratic Republic of Congo, for the delivery of copper solvent extraction technology to Sicomines’ project near Kolwezi in the Democratic Republic of Congo. The order value, approximately EUR 20 …

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MICROMINE UPGRADE COMING SOON!

Set to help mine planners, designers prepare prospective regions accurately MICROMINE has expanded its suite of intuitive mine planning tools which will be available in a significant upgrade pack to be released next month, the company has revealed. The software specialist, which is a market leader in mine design and …

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ARM look to dispose of its Rwanda, SA subsidiaries

Athi River Mining (ARM) is reportedly seeking to dispose of its Rwanda and South African subsidiaries to pay off $284 million owed to creditors. The troubled cement maker has a mountain of debts owed to creditors in Kenya ($170 million), Tanzania ($110 million) and Rwanda ($4 million). Administrators of the …

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Revamped railway breathes new hope into Kenya’s economy

The final rehabilitation of the 240km Nairobi-Nanyuki railway line lastly used in the late 1990s is gaining momentum with the arrival of train wagons at Nanyuki terminus. The project expected to unlock Central Kenya region’s economic potential. To the residents of expansive Central Kenya, the railway line revival means a …

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