Africa

The share price of graphite developer Graphex Mining rose by nearly 35% on the ASX  last week after the company’s Chinese partners reaffirmed their commitment to the Chilalo project, in Tanzania. Graphex told shareholders that it had revised the terms of a proposed joint venture (JV) and equity investment agreement …

Rare-earth element mining company Rainbow Rare Earths says it has made significant progress towards achieving first production at its Gakara rare earths project, in Burundi, East Africa, with about $6- million invested in the project to date. $4-million relates to the proceeds of a $8-million fund raise and initial public …

Graphite developer Kibaran Resources recently told shareholders that the recent legislative changes in Tanzania were unlikely to affect project funding for the Epanko project. The company has held discussions with its international banking partners, which has supported Kibaran throughout the bankable feasibility study (BFS) process, and which now remain supportive …

Tanzania-focused mineral exploration and development company Kibo Mining’s Mbeya coal-to-power-project (MCPP) will not experience any adverse developmental impacts owing to recent changes in Tanzania’s legislative mining environment. Reuters reported that Tanzania’s Parliament had passed two laws allowing government to force mining and energy companies to renegotiate their contracts. A third …

British miner has discovered a high quality 104.73 carat diamond and a 151.52 carat yellow diamond. The discovery from the company’s Letšeng mine in Lesotho follows recent recoveries announced in May of an exceptional 80.58 carat D-colour Type IIa diamond and a 98.42 carat D-colour Type IIa diamond, as well as …

Kibo Mining has signed a deal with Lafarge Tanzania subsidiary Mbeya Cement to develop regional collaboration and to allow for reciprocal supply of materials. The contract includes discussions with regional development partners to consent to socioeconomic and related development programmes and projects in the Mbeya and Songwe regions. The deal …

Tanzania wants to join the Persian Gulf states to become one of the world’s leading natural gas exporters. A Draft agreement between the government of Tanzania and international oil companies seeking to build a 30 billion US dollar liquefied natural gas (LNG) export project is now ready, a senior official has …

Konecranes has completed acquisition of Terex MHPS trading as Demag Cranes, Hoists, Material Handling and Ports Solutions. According to the company the acquisition will improve Konecranes’ position as a focused global leader in the industrial lifting and port solutions market, as the two crane brands share their considerable combined knowledge …

Power generation bids The bidding process for the power generation followed an expressions of interest phase which was completed in January. Tender documents have been received from a group of highly reputable power providers with extensive experience in both Africa and other developing jurisdictions. The bids were based on the …

BMI Research reports that the mining sector will continue to face headwinds from policy uncertainty regarding the passing of the draft mining charter. This will hinder the potential of a recovery in 2016 from becoming solid. BMI Research, (a unit of Fitch Group), forecasts the domestic mining industry value to …