Business

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 …

Kibo Mining has vowed to remain committed to Tanzania’s Mbeya Coal to Power Project (MCPP) project despite the company’s expansion into Botswana. Louis Coetzee, Kibo Mining Chief Executive Officer  allayed fears associated with the company shifting focusing, adding that the project is critically important. “Nothing can be further from the …

Petra Diamonds is optimistic to move out of the murky waters following the end of labour dispute in South Africa and the lifting of an export ban in Tanzania. Johan Dippenaar, the company’s Chief Executive Office has allayed fears of a possible breach of loan terms, as a threat to …

Energy experts see unlimited opportunities in East African power sector which needs an investment of approximately $93 billion per annum. The cash injection is to address power and infrastructure needs, open up exciting business opportunities for suppliers and solution providers from across the globe. Leading energy experts and industry suppliers …

Johnson Controls is seeing stable demand growth for its robust cooling solutions, as mining operations in Africa expand into more remote locations and to significantly greater depths. Neil Cameron, Johnson Controls Africa General Manager said the multinational heating, ventilation and air-conditioning (HVAC) equipment producer said political and legislative uncertainty coupled …

German industrial group Siemens has set its eyes on the East Africa’s energy industry “The smart money is on East Africa,” said Lukas Duusema, CEO, Siemens Eastern Africa. He believes Africa’s new economic powerhouse is taking root in Eastern Africa, with Ethiopia and Kenya taking the lead, and Tanzania and …

Shanta Gold has received a $3.4-million value-added tax (VAT) refund from the government of Tanzania. The refund is made up of a $1.9-million offset against corporate taxes payable in 2016 and 2017 and a cash payment of $1.5-million. Shanta’s VAT receivable balance has reduced to $13.4-million. In August, Shanta Gold  cancelled …

Graphite exploration and development company Volt Resources Limited (VOLT) receives firm commitments to raise an additional $900,000 following their recently shared Share Purchase Plan (SPP). Volt raised $2.338 million, and has in thus received firm commitments to raise an additional $900,000 via a Top‐up placement from sophisticated and professional investors. …

Ethiopia has signed a mining agreement with Yara International for the development of Yara Dallol Potash Project. Located in the Afar region in Ethiopia’s north is expected to have production capacity of approximately 600,000 tonnes of  Sulphur of Potash (SOP) per year, equivalent to approximately 10% of the global market. …

As intentions to increase mine-to-market value heighten in the Rio Tinto stable, the company has created a high profile position to stir this endevour. According to the company it intends to reinforce its focus on driving value across the business from mine to market with the appointment of Simon Trott …