Kenya

Aim-listed Goldplat has, through its Gold Mineral Resources (GMR) subsidiary, entered into a $2-million uncommitted, on-demand, revolving pre-export loan facility with Scipion Active Trading Fund (SATF), arranged by Scipion Capital (Scipion). Goldplat is in the process of expanding the processing plant at its Kilimapesa gold mine, in Kenya, which to …

Barclays Africa Group is preparing to list its NewGold ETF on the Nairobi Securities Exchange after receiving regulatory approval to begin trading the securities. “We expect the listing to take place early this year,’’ Michael Mgwaba, head of exchange traded products at Johannesburg-based Barclays Africa’s Absa Capital unit, said in an …

Mineral sands miner Base Resources is positive about the prospects of its Kenya-based $310-million Kwale mineral sands project, located about 50 km south of Mombasa and 10 km inland from the Indian Ocean. The miner last month received an export permit to wave off its first bulk shipment from the …