East African Mining News Unearthing Mining Opportunities in East Africa
Potential Chinese investors have set their eyes on Ethiopia’s mining sector for major investments.The development comes as Ethiopian authorities escalate efforts to attract foreign firms in the extraction of the country’s abundant mineral resources. Assefa Kumsa, Ethiopia’s State Minister of Mining and Petroleum said his government is inviting experienced foreign …
Read More »JV on the cards for Mato Bula, Da Tambuk deposits in Ethiopia
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 …
Read More »19 July: D-day for Barrick to make offer to acquire Acacia
The UK Takeover Panel has approved a further extension to the deadline for Barrick to make a firm offer for Acacia – first extended to 9 July 2019 and now to 19 July 2019. On the back of this announcement, Barrick notes that it is also reviewing a report by …
Read More »Mines’ technology push means new approaches to digitisation
As mining companies increasingly look to new technologies to improve their productivity, they are starting to think differently about how they approach digitisation and automation. The prolonged slump in commodity prices – along with no significant increase in productivity gains – has meant that mines have re-calibrated their cost structures, …
Read More »Kouri Project underway in Burkina Faso
The Kouri project by Golden Rim Resources is seen to be making stable drilling progress in Burkina Faso, West Africa. According to the company RC drilling commenced in the river channel area of the Footwall Shear, following up a recently obtained high-grade drill intercept of 4m at 44.7 grams per …
Read More »Gold and Copper mining licenses accorded to East Africa Metals
The Ethiopian Government has approved the mining license for East Africa Metals to proceed with the Mato Bula Gold Copper and Da Tambuk Gold Deposits at its Adyabo project within the country. The mining license agreements for Mato Bula and Da Tambuk have been formally approved by the Ministry of …
Read More »Power projects commences in Ghana
Construction works at Ghana’s biggest power Bulk Supply Point (BSP) at Pokuase in Ga West have commenced. The President of Ghana, Nana Addo Dankwa Akufo-Addo, recently turned the sod at an event that marked the start of construction at a project that will change the future of energy supply in …
Read More »Walkabout Resources offshoots first project
The first international project “early-start” by the emerging African graphite producer Walkabout Resources has started to commence procurement, manufacturing and site works for the Lindi Jumbo graphite project. Simultaneously with “early-start”, the company has finalised a placement of US$3.1 million at a price of A$0.23c which is a 10% discount …
Read More »Zanzibar Gold eyes two assets for acquisition
Reports on the acquisition of Mkuvia gold property and Fakawi gold property by Zanzibar Gold Inc have been publicly aired. The Mkuvia property located in the Nachengwea area of southern Tanzania has had small scale local placer operators mining gold from the property since 2005. A preliminary operation plan was …
Read More »Africa’s first gold trading platform launched
Sawa Minerals, a tech-driven company has created and launched a platform that will transform how gold is mined and sourced across Africa and the developing world. The platform has been designed in such a way that it is easy to buy ethically mined gold from artisans and small scale miners …
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