News

Kibo Mining has agreed with Metal Tiger, its partner in Tanzania, to cease JV activities at the Pinewood and Morogoro projects immediately and relinquish the licences. Both Metal Tiger and Kibo Mining have experienced considerable success in respect of other projects of their business portfolios and this has led to …

Auroch Minerals has advised that 1 589 623 629 new ordinary shares in Xtract Resources with a market value of $494 million has been issued to the company. This follows the conversion of $200 000 of the convertible note,  the establishment fee of $50 000 and interest payable in advance …

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 …

ASX-listed Danakali has announced that the Colluli Mining Share Company has entered into a mining agreement with the Eritrean Ministry of Energy and Mines. Colluli Mining Share Company is a 50:50 joint venture between Danakali  and the Eritrean National Mining Corporation and owns 100% of the world class Colluli potash …

Global pump manufacturer, KSB Pumps and Valves, has established an independent operation in Zambia. The new office is to ensure the company’s rapidly expanding customer base has full access to world-class sales and support services. A network of agencies and dealers throughout the country has previously been represented by the …

The Gübelin Gem Lab, a leader in the analysis of precious gemstones, has launched its Emerald Paternity Test and Gemfields has become a test partner for a pioneering new nanotechnology that enables traceability of emeralds back to the exact place of mining. This new technology uses customised DNA-based nanoparticles enabling …

Australian mining company African Energy Resources (AFR) has been granted a coal mining license in Botswana. The company said the 25 years mining license covers an area of 51.47km2 and contains 650Mt of raw coal in measured and indicated resources. “Granting of the mining license is an important step towards finalising the permits for …

South Africa-based utility company Zest Energy, a subsidiary Zest WEG Group has constructed seven generators power plant at Balama graphite project. ASX-listed Syrah developers of Balama said the plant will start operating in the first quarter of 2017 producing an initial capacity of 12.5 MW with an installation of seven …

Vale Mozambique, a subsidiary of Brazilian group Vale, had an operating loss of US$105 million in 2016, a figure which compares with a loss of US$508 million in 2015, said the mining group as it published it accounts for the fourth quarter and 2016. The document said the improvement compared …

Ruby miner Mustang Resources has acquired a 65% interest in a new ruby licence that borders its existing Montepuez project, in Mozambique, for 30-million of its own shares and $100 000 in cash. Artisanal miners are reportedly recovering large, high-quality rubies from the licence area, which is located only 3 …