News

Mineral sands producer Base Resources has reported record quarterly revenue for the three months to June, as ilmenite and zircon prices continued to improve. The unit revenue per tonne of product sold during the quarter increased to $297/t, compared with the $258/t reported in the previous quarter. Mineral sands production …

The share price of graphite developer Graphex Mining rose by nearly 35% on the ASX  last week after the company’s Chinese partners reaffirmed their commitment to the Chilalo project, in Tanzania. Graphex told shareholders that it had revised the terms of a proposed joint venture (JV) and equity investment agreement …

Rare-earth element mining company Rainbow Rare Earths says it has made significant progress towards achieving first production at its Gakara rare earths project, in Burundi, East Africa, with about $6- million invested in the project to date. $4-million relates to the proceeds of a $8-million fund raise and initial public …

Graphite developer Kibaran Resources recently told shareholders that the recent legislative changes in Tanzania were unlikely to affect project funding for the Epanko project. The company has held discussions with its international banking partners, which has supported Kibaran throughout the bankable feasibility study (BFS) process, and which now remain supportive …

Gold miner Acacia Mining Plc recently announced that the company would meet the increased royalty rate of 6% imposed on metals such as gold, copper and silver under new Tanzanian natural resources legislation. The rate has been raised from 4% and is in addition to the recently imposed clearing fee …

Tanzania-focused mineral exploration and development company Kibo Mining’s Mbeya coal-to-power-project (MCPP) will not experience any adverse developmental impacts owing to recent changes in Tanzania’s legislative mining environment. Reuters reported that Tanzania’s Parliament had passed two laws allowing government to force mining and energy companies to renegotiate their contracts. A third …

British miner has discovered a high quality 104.73 carat diamond and a 151.52 carat yellow diamond. The discovery from the company’s Letšeng mine in Lesotho follows recent recoveries announced in May of an exceptional 80.58 carat D-colour Type IIa diamond and a 98.42 carat D-colour Type IIa diamond, as well as …

WearCheck has launched an interactive customer application to improve customers’ benefits. According to the oil condition monitoring company the app allows customers to make virtually instantaneous maintenance decisions. Neil Robinson WearCheck, Managing Director says the ground-breaking, highly innovative and revolutionary app has reliable data available while patrolling the factory floor …

PwC Africa’s 14th edition of PwC’s industry series analysing financial performance and global trends – PwC’s Mine 2017 report has painted a positive outlook for the mining industry. This comes at the backdrop of bolstered balance sheets and a return to profitability in 2016, giving mining companies much-needed space to …

Kibo Mining has signed a deal with Lafarge Tanzania subsidiary Mbeya Cement to develop regional collaboration and to allow for reciprocal supply of materials. The contract includes discussions with regional development partners to consent to socioeconomic and related development programmes and projects in the Mbeya and Songwe regions. The deal …