News

Continued low commodity prices have led countries such as Angola, Equatorial Guinea and Mozambique to place greater urgency on economic diversification, at a time when the industrialisation of Africa has the support of major international partners, especially China. A report prepared for the last G20 summit in Hangzhou (China) in …

Mineral sands developer Strandline Resources is rapidly pursuing development of its 100%-owned, zircon-rich Fungoni mineral sands project in Tanzania. This follows the release of the results from a drilling campaign in January, which significantly increased the contained heavy mineral (HM) of the mineral resource estimate, improved JORC classification and confirmed …

The mining ore export ban in Tanzania announced in March 2017 is unlikely to be implemented. This is the view of BMI Research. However, the company cautions that the proposal is another sign of growing governmental regulations that may limit future investment and growth in the mining sector. The Tanzanian …

Junior Black Mountain Resources has reported a maiden indicated mineral resource of 4.6-million tonnes, grading 19% vermiculite at its Namekara project, in Uganda. “We have infill drilled around 10% of the area currently covered by the inferred resource and have converted about 85% of this inferred resource into an indicated …

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 …