Business

“Important to share geological information across the region” “Kamoa-Kakula, which now ranks as the world’s largest undeveloped high-grade copper discovery, represents the discovery of a previously unrecognized and richly endowed district within the Central African Copperbelt – geologically distinct, yet geographically next door to the well-known Kolwezi deposits. We have …

Acacia mining has ceased operations in its North Mara gold mine in Tanzania following a prohibition notice to stop using its tailings storage facility from the National Environment Management Council. Despite receiving export permits from the Tanzania Mining Commission and the Ministry of Minerals last week, “All gold production at …

Condition monitoring specialists, WearCheck, scooped two awards from top international training body, Mobius, at a condition based maintenance (CBM Europe) conference in Belgium recently. The awards are for first place in the Best Training Partner EUMEA 2018/19 and the Best Student Growth Africa 2018/19. Dennis Swanepoel, WearCheck’s reliability solutions consultant …

Tanzania has granted Kibo Energy seven Mining Rights for its Mbeya Coal to Power Project (MCPP). The development comes as the company continues to advance the MCPP, one of its four international power projects, which the board believes represents an exciting opportunity. “The successful delivery of the MCPP is gaining …

     A truck loaded with crude oil en route to Mombasa from the oilfields in South Lokichar. Kenya has joined the league of Africa oil exporters after its first consignment of 200,000 barrels fetched $12 million on Thursday afternoon. That means the sweet light crude sold at $60 per barrel, …

     Tanzania buys bulk CNG for stations and in future will be extended to locations where the stations will be built if the location will be in proximity to the current pipeline infrastructure. The Tanzania Petroleum Development Corporation is calling for investors in compressed natural gas (CNG) to establish fueling …

The government has temporarily closed mining activities of Tanzanite One Mining Limited (TML). The decision follows breach of some laws and rules and will pave way for some necessary amendments of the same. The Deputy Minister for Minerals, Mr Stanislaus Nyongo said here that initial contracts were beneficial to some …

An oil pipeline. Due to the waxy nature of Kenya’s crude, the pipeline will be much more expensive to build and operate than a normal pipeline because the crude will need to be heated to 85 degrees along the line. Kenyan has commenced surveying the route of the Lokichar-Lamu pipeline …

The Kenyan government has signed agreement with oil major Total, Tullow Oil and Africa Oil Corp to develop a 60.000-80.000 barrel per day crude processing facility for oil discovered in the county’s northwest. The petroleum and mining ministry said on Twitter on Tuesday that the head of term agreements were …

Toronto Stock Exchange listed East Africa Metals has executed a definitive share purchase agreement and joint venture contract with Silk Road Resources Investments to develop and operate Adyabo Project’s Mato Bula and Da Tambuk deposits located in the Tigray region of Ethiopia. The company has agreed to transfer to Tibet …