News

Aim-listed Kefi Minerals continues to progress talks with Ethiopian investors and international specialist mining financiers, with the aim of securing project equity ahead of closing the full financing package for the Tulu Kapi gold project, in Ethiopia, by October. The company remains focused on achieving key targets set out in February, including …

Danakali now has 36 months from the submission of a notice to start mining for its Colluli potash project. Its notification for the completion of the project, in which some $200 m will be spent, was recently accepted by the Ministry of Energy and Mines of Eritrea (MoEM). The Government …

Tanzanian Gold has strengthened its balance sheet by converting US$8.4 million of outstanding gold loans and convertible loans into common shares. The Company has also signed a flexible financing agreement for up to US$14 million of unsecured convertible debentures with institutional investors Riverfort Global Opportunities PLC. and YA II PN, Ltd. …

Business mogul Haren Kumar Mandavia revealed that Kajiado County is an ideal investment area for his company and forms part of his expansion strategy. Shreeji Minerals a subsidiary of Shreeji Merchandising Group announced multi-billion investments into the mining sector. “This kind of investment is aimed at creating jobs to the …

Democratic Republic of Congo Mining Minister, Prof Willy Kitobo Samsoni, stated that the country aims to position DRC as a key cobalt producer on the international stage. He said this while responding to questions that had been submitted by the audience during the live session. Following 17 June’s opening keynote …

The Red Dot Jury has made its decision: MK-42 emerged victorious from the Red Dot Product Design Award 2020, and won a Red Dot for its good design quality. This means that GHH is one of the winners in the world’s most renowned design competition. The MK-42 is a 42 …

Saniniu Laizer, a small-scale miner in Tanzania, has become an instant millionaire after selling two rough Tanzanite stones, the biggest ever find for the country. Laizer earned £2.4m ($3.4m) from the country’s mining ministry for the gemstones, which had a combined weight of 15kg (2.3 lb). “There will be a …

Due to the establishment of mineral exchange centre in each region, Tanzania has recorded a historical total mineral revenue collection of 58bn/- in April. The realisation came despite challenges caused by coronavirus outbreak that continues to rock the world. President John Magufuli unveiled this in Dodoma on Tuesday while delivering …

According to a report, a group of the United Nations (UN) experts found that gold production in the East African region of the Democratic Republic of Congo (DRC) is being systematically underreported while tonnes of the precious metal are smuggled into global supply chains through its eastern neighbours. The Democratic Republic …

Rwanda has released preventive guidelines for mining operators to take measures against the novel coronavirus, local media reported Friday. Guidelines request operators provide protective equipment, prevent overcrowding, improve tunnel ventilation, testing “We want to ensure that they are protected from infection in the workplace, and this will also help the …