News

The news about the fading of the hot spring has been circulating on social media with some people blaming cement producer -CIMERWA for triggering the degradation while using detonators to extract stones. Institutions in charge of Water Resources, Disaster Management, Environment Protection and Mining are probing the disappearance of hot …

Across Western Kenya, over 95 per cent of gold mining is unregulated, with corruption, political interference and bureaucracy rife. A trip to the Chamber of Mines to seek a licence is hell on earth for investors. Failure by the government to regulate artisanal gold mining has hindered not only controlling …

Accidentally millionaire, Saniniu Laizer, has discovered yet another giant violet-blue stone weighing 6.3 kilograms (13.9 pounds). This is within two months of becoming a millionaire overnight in June after his mining company discovered two rough Tanzania gemstones worth $3.4 million and believed to be the largest in the world. Laizer, …

The Governor of the Central Bank of Congo (BCC), Deogratias Mutombo, believes that the current depreciation of the local currency is caused by the lack of repatriation of foreign earnings by mining companies into Congolese monetary circulation. Authorities in the Democratic Republic of Congo have indicated they will tighten controls …

Tanzania gold miner Shanta Gold has completed the US$14.5 million acquisition of West Kenya across the border in Kenya, from Barrick Gold (now a 6% Shanta shareholder), and plans to start infill and extension drilling soon to try to build out the current resource of 1.2Mt grading 12.6gpt (1.18Moz) and …

Stakeholders in the Kenyan mining industry believe that the moratorium to renew mineral licences imposed by the Ministry of Petroleum and Mining last December is affecting the sector. The Kenya Chamber of Mines (KCM) and other stakeholders in the mining industry are calling on the government to lift a ban …

Data and analytics company GlobalData’s deals database shows that overall deal activity in the Middle East and African metals and mining industry increased by 16.7% in the second quarter. Twenty-eight deals worth $1.44-billion were announced for the region during the quarter, against the last four-quarter average of 24 deals. Of …

Mineral Resource Management Specialist Minrom CEO Oscar van Antwerpen has revealed that the new mining software system allows companies to monitor and manage the licences, as well as receive timely warnings of missing documents or regulatory needs. The exploration and mining licence management software system is already in operation in …

Several leaders from the Western Kenya region among them Amani National Congress (ANC) chief Musalia Mudavadi, his Ford-Kenya counterpart Moses Wetang’ula and Sabati MP Alfred Agoi have sought details about the gold exploration and how Acacia Mining acquired mining rights. They said this as pressure mounts on the government to …

Tanzania Gold Corporation (TGC) is in the process of developing a significant gold mine at the Buckreef project, in Tanzania. The NYSE- and TSX-listed company has drawn down an initial $4-million in funding from a $14-million unsecured convertible debenture it has with institutional investors Riverfort Global Opportunities and a hedge …