Business

Volt Resources developers of Bunyu Graphite Project’ two mining license applications have been recommended for approval within the Tanzanian Ministry of Minerals online Cadastral system. The Tanzanian-focused flake graphite developer has lodged two applications with the Ministry of Minerals of Tanzania which covers the footprint for developments at the Bunyu …

Pan-African explorer Oranto Petroleum is farming into two exploration blocks located onshore Zambia, as part of the company’s first investment in the country. “Oranto Petroleum is committed to an aggressive work program to increase the level of prospectivity in one of the world’s last true frontier markets,” said Prince Aurthe …

Graphite developer Walkabout Resources has acquired the remaining 30 percent interest in the Lindi Jumbo graphite project, in Tanzania, for $1-million. Trevor Benson, Executive chairperson said the purchase of the remaining stake in the project would see a huge value adding transaction to Walkabout. “The passing of this significant project …

De Beers Group’s diamond brand Forevermark has launched Libert’aimeTM , a new flagship store at HKRI Taikoo Hui in Shanghai, China. The opening marks the 1,000th Forevermark store in China, and comes as the brand celebrates its 10-year anniversary in the country. Created to celebrate the spirit of a new generation …

Syrah has signed a purchase agreement for an industrial site for its Battery Anode Material (BAM) development in Vidalia, Louisiana. The development is the next step following the letter of intent previously announced on the (refer to quarterly update. Under the terms of the agreement, the purchase price of US$1.225 …

Tanzanite One Mining Company has agreed to compensate and pay all taxes it owes the government, conceding some malpractices in its operations in the country. Chairman of President John Magufuli formed negotiation committee Prof Palamagamba Kabudi and Director of Tanzanite One Faisal Juma signed the payment agreement in Dar es …

Tanzania-focused mineral sands developer Strandline Resources has signed a binding sales contract for 100% of the ilmenite to be produced over the life of mine at the Fungoni minerals sands project currently under development in Tanzania. Tanzania – Strandline Resources signed the binding sales agreement with China’s Maoming Ubridge Group …

Glencore subsidiary Katanga Mining has been served a freezing order against 75% operating subsidiary Kamoto Copper Company (KCC), in the amount of US$2.28 billion. The freezing order was served in the DRC by Ventora Development Sasu, a company affiliated with Dan Gertler and comes just after the local owned mining …

ASX-listed Tanzanian-focused flake graphite development company Volt Resources has announced it is advancing graphite off-take agreements in Tanzania. Members of the management team from Volt Resources recently visited China to advance discussions on binding off-take agreements in line with the company’s progress in development funding, Stage 1 feasibility study, development …

De Beers’ rough diamond production for the first quarter of 2018 increased 15 percent to 8.5 million carats, reflecting the ramp-up of production from Gahcho Kué in Canada, which reached nameplate capacity in Q2 2017, and increased production from Orapa in Botswana in response to the sustained healthy trading conditions. …