News

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 …

Tata International Africa has become the first company in Africa to introduce a best-in-class standard warranty of five years on its entire Medium, Heavy and Extra Heavy Commercial Vehicle range. This first-of-its-kind Pan African five-year warranty applies to the full range of Tata Trucks and Buses as well as Daewoo …

While giving one of the most bullish forecasts yet for copper, a leading metals trader said copper could surge above a record to $12 000 a ton in 18 months on new demand from green initiatives. The bellwether material has already doubled since a nadir in March to reach a …

ASX-listed Ionic Rare Earths The company on Wednesday announced that it had received binding commitments for the placement of 300-million shares at an issue price of 4c each, representing a 7% discount to Ionic’s ten-day volume-weighted average share price. The company also said it will raise A$12-million in a share …