News

The developers of Tanzania’s Lindi Jumbo Graphite Project, Walkabout Resources Ltd’s recently announced placement has closed fully subscribed, The 15 per cent placement raised a total of A$1.555m to be used to progress engineering and procurement works at the Lindi Jumbo graphite Project in southern Tanzania. Walkabout has secured Yantai …

Africa focused mineral exploration company – East Africa Metals has signed a finance deal with Hong Kong-based Luck Winner. Luck Winner Investment Limited will provide development financing to the tune of US$250 million to be used for development of projects in Ethiopia. The deal also includes a private placement for …

Global specialist in crushing and screening plants – B&E International has on offer a toll model that reduces the capital demands of mining entrepreneurs. Chris Weideman, Director Operations at B&E International said many smaller operators – or those who are new to the mining business – often find it difficult to raise all the necessary capital for starting up once the feasibility …

Aim-listed Edenville Energy’s Rukwa project, in Tanzania, has completed construction of the project’s wash plant. According to the company, the plant is undergoing final commissioning and testing, and is expected to start producing washed coal for sale next week. “The construction team has worked hard in challenging conditions to get …

Petra Diamonds has been granted authorisation to resume export and sales of diamonds from its Williamson mine. Details of the timing and process for the next diamond parcel to be exported to Petra’s marketing office in Antwerp are soon to be finalised between government and the miner. Meanwhile no resolution …

PwC SA’s latest mining report on the country has revealed that the value of illegal mining and dealing of metals and diamonds in South Africa is estimated to be more than R7 billion per year. Researchers from the firm suggest that gold sector has been the most adversely impacted by …

ASX-listed Strandline Resources has submitted the mining licence application for the Fungoni project to the Ministry of Energy and Minerals of Tanzania. The application by Strandline Resources has been prepared in light of the advanced engineering work conducted to date as part of the almost-completed DFS and the recently promulgated …

Dual-listed Banro says as a result of a road closure at its Namoya mine in the DRC, mining operations at the Namoya mine have been temporarily suspended. Banro states the road access closure is due to the activities of local groups against both the local populations and against the (Democratic …

Technavio, global technology research and advisory company says the mining industry is expected to witness gradual growth during 2017 to 2021. The company attributes the development to increase in demand from minerals and metals, mostly from emerging economies. Researchers at Technavio believes that the untapped markets such as Latin America …

New entrant into the oil and gas market, Uganda plans to build the longest electrically heated crude oil pipeline. The country intends to build an oil pipeline stretching from Uganda oil fields to the Tanzanian port of Tanga. Estimated to be one of the most expensive projects consisting of upstream, …