News

Tanzania’s glittering mining sector, a long-standing pillar of its economy, is under the microscope following a damning new report by Global Financial Integrity (GFI). The report, “Illicit Financial Flows Risks Related to Beneficial Ownership in the Mining Sector in Tanzania,” paints a stark picture of how shadowy dealings and regulatory …

SEW-EURODRIVE South Africa, a leading provider of industrial gearboxes, drive systems and automation solutions, is accelerating the rollout of its ‘African Strategy’, aimed at extending technical services and support across the continent. The initiative is part of the company’s broader effort to strengthen its presence and improve customer responsiveness in …

Forget the dusty stereotypes of hard hats and grizzled men – a new force is reshaping the very bedrock of Africa’s mining industry. From Botswana’s glittering diamond deals to Uganda’s copper revival and Malawi’s burgeoning rare earth ambitions, women are not just participating; they are leading the charge, forging a …

The dusty plains of northwest Tanzania are set to reverberate with the powerful hum of cutting-edge Finnish engineering, as mining giant Metso Corporation bags a colossal order exceeding €20 million to equip Sotta Mining’s burgeoning Nyanzaga gold project. The deal, announced yesterday, will see Metso deliver energy-efficient comminution equipment, including …

Condition monitoring specialist company, WearCheck, examines a very special class of additives that is gaining importance as the technical demands placed on lubricants continue to grow at an ever-increasing rate – Viscosity Index Improvers (VIIs). What are they? Polymers and copolymers of methacrylates, butadiene olefins and alkylated styrenes.   What …

Buckle up, Tanzania! Australian gold mining giant Perseus Mining has just thrown down a cool $523 million (that’s a staggering 817 million Aussie dollars!) to unearth the glittering riches of the Nyanzaga Gold Project (NGP). This ambitious venture, set in the heart of Tanzania, promises to be the country’s first …

The development will be financed through interest-free loans from Perseus’ existing cash reserves. Credit: New Africa/Shutterstock. African-focused gold company Perseus Mining has made a final investment decision (FID) to develop the Nyanzaga Gold Project (NGP) in Tanzania with an investment of approximately $523m (A$817.08m). The updated feasibility study for the …

A promising graphite venture in Uganda has caught the eye of a major African financial institution, signaling a potential surge in investment for the burgeoning project. London-listed Blencowe Resources announced this week that the African Finance Corporation (AFC) has formally expressed interest in injecting significant funds, both through debt and …

Forget coffee and injera for a moment. Ethiopia’s earth is proving to be a veritable treasure chest, with the Ministry of Mines announcing a staggering $2.1 billion windfall from gold exports in the first nine months of the 2017 fiscal year. This glittering performance, revealed during a high-level review attended …

Global tin markets have been sent into a spin this week, with prices crashing to their lowest point in two months following news that major producer Alphamin Resources Corp is set to restart operations at its crucial Bisie mine in the Democratic Republic of Congo. Just a month ago, fears …