East African Mining News Unearthing Mining Opportunities in East Africa

EQUITYBCDC, the Democratic Republic of Congo unit of Kenya’s Equity Group, says it can arrange loans approaching $700m by drawing on its parent company’s regional network, Bloomberg reported. The lender could raise even more through syndicated loans, managing director Willy Mulamba said, as governance in Congo’s mining industry improves. Mining …

In a bold move that signals a strategic shift from downstream refining to primary resource development, Turkish precious-metals investor Ozcan Halaç has proposed a C$27.2 million cornerstone investment in Canadian-listed explorer Lake Victoria Gold. Under the terms of a non-binding term sheet announced on October 20, Halaç’s Dubai-registered investment vehicle, …

With billions flowing through mining procurement each year, the sector holds real power to build local industry, from the equipment and materials to the technical services that keep operations running. Geofields Tanzania Limited’s new wire mesh manufacturing plant in Kerege, Bagamoyo, signals a push to capture more of that value …