Press Relase

Scandinavia-based but Ethiopia-focused gold producer Akobo Minerals’ total doré gold production for the third quarter reached about 21.5 kg, while the company achieved its first positive earnings before interest, taxes, depreciation and amortisation. Doré gold production for September was about 6.5 kg, exceeding the monthly target of 5 kg. Cumulative …

The Democratic Republic of Congo will start building gold reserves to bolster its currency and lift its economy, the central bank governor said, joining a rush in Africa and elsewhere to stockpile the precious metal as prices soar. Gold prices, which hit record highs above $4 000 an ounce on …

East Africa Metals has entered into a binding agreement with Ubora Minerals to acquire and develop the company’s Magambazi and Handeni mining project in Tanzania. Ubora is a subsidiary company of Anchises Capital Precious Metal Fund LLC (Anchises), which holds 50,200,000 common shares of the Company, representing approximately 18.66 percent …

Dar es Salaam, Tanzania – Tanzania is moving closer to an agreement on the terms for its long-stalled $42 billion liquefied natural gas (LNG) project at Likong’o in Lindi, with a final deal anticipated before the end of 2025. The massive project, under negotiation for over a decade, is intended …

By Steven Lumley, technical manager, WearCheck Metal deactivators play a key role in the fight against corrosion. This is the next focus in the ongoing discussion about lubricant additives, with condition monitoring specialist company, WearCheck.   What are metal deactivators? Organic complexes containing nitrogen or sulphur, amines, sulphides and phosphites …

PIX4Dcatch is a user-friendly 3D scanning and AR visualization tool used by professionals in industries such as underground utility mapping and construction. Paired with the Trimble® Catalyst™ DA2 positioning system, this comprehensive solution combines photogrammetry, LiDAR technology, and RTK positioning to deliver centimeter accuracy, making it a value-added tool for …

East Africa Metals Inc. (TSXV: EAM) has moved to restart its stalled Tanzanian gold venture, announcing a binding Memorandum of Understanding (MOU) with Ubora Minerals Company Limited to acquire and develop the Magambazi and Handeni mining project. The deal replaces a failed agreement with PMM Mining Company Limited and aims …

Aterian PLC, an Africa-focused critical minerals company, has initiated commercial trading of responsibly sourced tantalum and niobium concentrates from Rwanda. The London-listed firm announced the launch of expanded trading operations following the successful transfer of its first consignment to a major international trading partner, a move that provides Aterian with …

Addis Ababa, Ethiopia – Ethiopia has officially inaugurated the Grand Ethiopian Renaissance Dam (GERD), a $5 billion hydroelectric project on the Blue Nile that is expected to double the country’s power generation capacity. The dam’s completion, however, has reignited long-standing diplomatic disputes with downstream nations, Egypt and Sudan. Prime Minister …

Antioxidants is the next area of focus in the continuing discussion about oil additives, with condition monitoring specialist company, WearCheck.   What are they? Zinc dithiophosphates, hindered phenols, aromatic amines, sulphurised phenols. What do they do? Retard oxidative decomposition. How do they do it? Decompose peroxides and terminate free-radical reactions. …