News

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 …

African Influence Exchange (AIE) international researchers will next month host the Tanzania Mining Law, Local Content Policy & Tax Regime event in Dar es Salam. The briefing will provide insight into the nine new mining regulations and orders of Tanzania and will also offer two interactive workshops on the Tanzania …

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 …

Acacia Mining a subsidiary of Pangea Minerals Limited (PML) has announced plans to cut down its workforce next month. The development is attributed to the company’s intentions to cut operating costs. “Extraction operations in the mine will come to an end by 2020. The new cut will include employees in …

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 …

Global fan and industrial ventilation firms – TLT MechCaL and TLT ACTOM have announced plans to roll-out its new South African brand: TLT-Turbo Africa, across the continent. The brand will offer clients across the African continent, combined expertise and innovation of the two industry leading firms. “The re-branding of these …