Caterpillar has announced intentions to present its unmatched range of innovative technologies and services at Mining Indaba billed for February 5-8 in Cape Town, South Africa. With a focus on optimizing operations, whether surface or underground, large or small, Caterpillar and Cat® dealers are dedicated to working with mining companies …
Read More »De Beers pilot block-chain technology initiative
De Beers Group says is progressing development of the first blockchain technology initiative to span the diamond value chain and provide a single, tamper-proof and permanent digital record for every diamond registered on the platform. The initiative will underpin confidence in diamonds and the diamond industry by ensuring that all …
Read More »Rwanda, Mauritius gets solar PV projects funding
The Abu Dhabi Fund for Development (ADFD) and the International Renewable Energy Agency (Irena) have set aside $25-million in concessional loans for solar photovoltaic (PV) projects in Mauritius and Rwanda. According to ADFD the projects have potential to significantly transform the lives of more than 2.5-million people and alleviate poverty …
Read More »Atlas Copco acquire exploration manufacturing firm
Solutions provider Atlas Copco has announced intentions to acquire the assets of Renegade Drilling Supplies a South African manufacturer and distributor of drilling consumables for mining exploration. According to the Group the business will become part of Epiroc South Africa’s Rock Drilling Tools division. Epiroc is a wholly-owned subsidiary of …
Read More »Bunyu graphite project gets funding
Volt Resources has raised $4.7-million to support the fast-tracking development at its flagship Bunyu graphite project, in Tanzania. “Volt is now strategically positioned to execute on a number of operational milestones as part of the stage 1 development of Bunyu, with near-term deliverables to include the finalisation of all project …
Read More »Firestone extends Botswana’s BK11 asset sale period
British junior miner Firestone Diamonds has agreed to extend the option period granted to Amulet Diamond Corporation (Amulet) to purchase Firestone’s BK11 asset until 31 December 2018. BK11 is a diamond asset in Botswana, currently on care and maintenance. Amulet is funding the construction and operation of a bulk sampling …
Read More »Kibo’s projects gets government go-ahead
Newly formed Tanzania Ministry for Energy has committed to an indicative timeline for the completion of the MOU for the fast-tracking of the Mbeya Coal to Power Project (MCPP). The project developer multi-asset African focused energy and resource company, Kibo Mining is optimistic following the decision. “Our focus on positioning …
Read More »Volt to list US$40 million bond on DSE
Tanzanian-focused flake graphite development company Volt Resources Limited has announced intentions to proceed with the issue of US$40 million in structured debt funding. Volt has engaged Exotix Capital to undertake a Tanzanian Bond issue to raise the required funding for the development of Stage 1 of the Bunyu project. Exotix has recommended …
Read More »Kenya’s future prospects bright
The investor demand and business activity is set to increase as political stability returns to Kenya, analysts have observed. Specialist global risk consultancy Control Risks said Kenya is emerging from a protracted presidential election process and seeing a return to political stability. Nonetheless, challenges will persist in 2018 for organisations …
Read More »ICMM to guide Chinese mining firms
The International Council of Mining and Metals (ICMM) and the China Chamber of Commerce of Metals, Minerals and Chemical Importers and Exporters (CCCMC) have entered into a formal agreement to help promote sustainable development in Chinese companies’ overseas mining investments. The new agreement makes ICMM and CCCMC’s wealth of expertise …
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