The dusty plains of northwest Tanzania are set to reverberate with the powerful hum of cutting-edge Finnish engineering, as mining giant Metso Corporation bags a colossal order exceeding €20 million to equip Sotta Mining’s burgeoning Nyanzaga gold project. The deal, announced yesterday, will see Metso deliver energy-efficient comminution equipment, including …
Read More »The lube kitchen part 2: VI Improvers – the additive with you through thick and thin
Condition monitoring specialist company, WearCheck, examines a very special class of additives that is gaining importance as the technical demands placed on lubricants continue to grow at an ever-increasing rate – Viscosity Index Improvers (VIIs). What are they? Polymers and copolymers of methacrylates, butadiene olefins and alkylated styrenes. What …
Read More »Tanzanian Gold Rush: Aussie Miner Drops Half a Billion to Dig for Treasure
Buckle up, Tanzania! Australian gold mining giant Perseus Mining has just thrown down a cool $523 million (that’s a staggering 817 million Aussie dollars!) to unearth the glittering riches of the Nyanzaga Gold Project (NGP). This ambitious venture, set in the heart of Tanzania, promises to be the country’s first …
Read More »Perseus commits $523m to develop Nyanzaga Gold Project in Tanzania
The development will be financed through interest-free loans from Perseus’ existing cash reserves. Credit: New Africa/Shutterstock. African-focused gold company Perseus Mining has made a final investment decision (FID) to develop the Nyanzaga Gold Project (NGP) in Tanzania with an investment of approximately $523m (A$817.08m). The updated feasibility study for the …
Read More »Ugandan Graphite Project Sparks Investor Frenzy as African Finance Giant Eyes Major Stake
A promising graphite venture in Uganda has caught the eye of a major African financial institution, signaling a potential surge in investment for the burgeoning project. London-listed Blencowe Resources announced this week that the African Finance Corporation (AFC) has formally expressed interest in injecting significant funds, both through debt and …
Read More »Ethiopia Strikes Gold: Mining Boom Fuels Billion-Dollar Bonanza
Forget coffee and injera for a moment. Ethiopia’s earth is proving to be a veritable treasure chest, with the Ministry of Mines announcing a staggering $2.1 billion windfall from gold exports in the first nine months of the 2017 fiscal year. This glittering performance, revealed during a high-level review attended …
Read More »Tin Price Plunge as Congo Mine Gears Up After Rebel Retreat
Global tin markets have been sent into a spin this week, with prices crashing to their lowest point in two months following news that major producer Alphamin Resources Corp is set to restart operations at its crucial Bisie mine in the Democratic Republic of Congo. Just a month ago, fears …
Read More »Tanzanian Gold Miner Strikes it Rich with Double-Sized Plant Upgrade
Johannesburg, South Africa – A Tanzanian gold producer is betting big on a golden future, commissioning a massive upgrade to its processing plant that will effectively double its output. The ambitious expansion, spearheaded by South African-linked mining equipment giant DELKOR, comes as the price of the precious metal continues its …
Read More »SEW-EURODRIVE Gears Up for African Domination with Bold Expansion
Johannesburg – Forget whispers of ambition; at SEW-EURODRIVE South Africa, the roar of industrial progress is echoing across the continent. Managing Director Raymond Obermeyer has declared the company’s strategic “African Strategy” is no longer just a blueprint but a thriving reality, positioning them to seize a leading role in the …
Read More »Marula Mining Strikes Gold in Kenya: High-Grade Manganese Ore Discovery Boosts Kilifi Plant Prospects- Updated
Marula Mining, an African mining and development company, has unearthed a significant high-grade manganese ore deposit in Kilifi County, Kenya, a discovery that could significantly boost the profitability of its Kilifi Manganese Processing Plant. The company revealed that channel samples taken from the Ganze region, a key area for supplying …
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East African Mining News Unearthing Mining Opportunities in East Africa