News

The annual rainy season in March – June, in conjunction with climate change, is a major concern for Kenyans across the country. Dirty flood waters rendering the roads unusable, and submerging residential areas, are expected again this year, and experts warn that better waste management, urban planning and warning systems …

While there are various drivers of local empowerment and ownership requirements in sub-Saharan Africa, one key driver appears to be gaining ground: national interest empowerment. An analysis of local empowerment and ownership trends in 14 African countries, including several of the continent’s biggest economies, shows growing emphasis on regulating ownership in economic …

Mayflower Capital Investments and Papillon Holdings have signed a formal share purchase agreement for the Kilimapesa Gold Mine in Kenya. The completion of the Transaction is a critical component of the Company’s planned re-admission to the Official List via a Reverse Take Over (‘RTO’), as well as trading on the …

Ionic Rare Earths, an ASX-listed company, has announced the commencement of the next phase of drilling at its Makuutu rare earths project in Uganda, which it owns 51 per cent of. Initial reconnaissance drilling will be carried out as part of the drilling program, to determine the potential for resource …

According to the Auditor General’s report, minerals worth Shs34.6 billion were illegally exported out of Uganda between June 2017 and June 2020, resulting in Uganda losing billions of shillings in royalties. Minerals worth Shs8.3 billion were not disclosed to the Department of Geological Survey and Mining, while minerals worth Shs26.3 …

The Investigation and Policy Group, The Sentry, has advised that the US and the EU must work with African governments to harmonize gold export taxes to reduce smuggling and promote conflict-free gold. Uganda, Rwanda, the Democratic Republic of Congo (DRC), the Central African Republic (CAR) and Cameroon are the countries …

If completely exploited, Kenya’s mining sector could contribute up to 12% of the country’s GDP. This is according to a study released this week by the Mineral Rights Board on how to draw mining investment. Significant obstacles found in the report have caused local and foreign investors to steer clear …

Shanta Gold, a gold producer based in East Africa, has reported its audited final results for the year ended 31 December 2020 for its East African properties. Its properties include the New Luika Gold Mine and the Singida Project in Tanzania, as well as the West Kenya Project in Kenya. …

The reverse list on the London Stock Exchange in March is scheduled for a Kenyan gold asset with expansion, discovery and green status upside. The Kilimapesa gold mine, with a reported Joint Ore Reserves Committee resource of 670 000 oz, is a relatively extensive underground and 6 000 oz annual …

The manufacturer of heavy duty mining equipment GHH has launched a remarkable LHD. It comes with the biggest bucket and the best power rating, for highest operating slope angles, in the seven tonnes payload class. All that combined in a super low emission, super compact package. The GHH team are …