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President induction sees considerable positive sentiment in the country, Edenville optimistic about future

According to Aim-listed Edenville Energy, the induction of newly appointed Tanzanian President Samia Hassan has resulted in “considerable positive sentiment in the country,” which appears to be translating into improved business confidence and action. Furthermore, the increase in coal prices, which has more than doubled in the last year to …

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New sanitation system in Narok will raise living standards for generations to come

Until late 2020, Narok had no sanitation system. The County had set aside a quarry near Narok town as a disposal area, but this was shut down in 2019 by the National Environment Management Authority (NEMA) after the quarry got full and was spilling into the adjacent Enkare Narok River. However, …

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Bosch Rexroth Tanzania distributor expands footprint using containerised hose workshop

Magare Company Limited, the newly appointed Sales Partner for Hytec Services Africa, has secured an HSA containerised hydraulic hose workshop to expand its reach in the country. The containerised workshop began to be active on January 1, 2021, strengthening Magare’s Mwanza branch’s capabilities to deliver hydraulic equipment and services to …

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Uganda’s Makuutu rare earth project gets a significant boost

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 …

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Decarbonisation will need more, better mining

The World Bank (WB) estimates, for instance, that production of minerals like graphite, lithium and cobalt could grow by 500 percent in the next three decades to meet demand for clean energy technologies. This comes on the backdrop that mining remains a vital part of a low-carbon future, a fact …

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Shanta ends the year with higher reserves and resources

Aim-listed Shanta Gold has revealed that it has “produced another notable safety performance”. The company, through  CEO Eric Zurrin  in a production and operational results release, also states that it achieved its core objectives for 2020, with gold production and costs in line with guidance. Shanta owns the New Luika …

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Ecosystem under threat as mineral rush grips East Africa

Lake Victoria and the Mara River are at the mercy of the mining boom that has struck the border between Kenya and Tanzania. Recent innovations are a major challenge to the biodiversity of the Masai Mara and Serengeti game reserves, where annual wild beast migration, the World Wonder of the …

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SRK –Supporting mines in striving for zero harm

Rock-related accidents have reduced significantly in recent decades, due in large part to incremental improvements in rock engineering practice. According to William Joughin, chairman of SRK Consulting and himself a leading rock engineering expert, the company’s contribution in this field has included assisting mines with reviews of safety practices, as …

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Mining licensing ban affecting investment

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 …

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Middle East, Africa mining industry increased by 16.7% in the second quarter

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 …

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