While there are various drivers of local empowerment and ownership requirements in sub-Saharan Africa, one key driver appears to be gaining ground: national interest empowerment. An analysis of local empowerment and ownership trends in 14 African countries, including several of the continent’s biggest economies, shows growing emphasis on regulating ownership in economic …
Read More »Rwanda-Qatar further consolidate economic ties
Rwanda is further developing economic relations with Qatar, this development has been bolstered by the two countries signing a Double Taxation Avoidance Agreement (DTAA) recently. The agreement aims to deepen economic cooperation between the two countries. The Agreement shall specify the taxation rights of the Contracting States in respect of …
Read More »Barrick’s Tanzania mines delivering substantial improvements
According to the Canadian major, Barrick Gold, its Tanzania gold mines have been successfully revived, with North Mara delivering substantial improvements and underground output starting at Bulyanhulu, In September 2019, Barrick Gold took ownership of the operations of the former Acacia Mining and now operates the mines with the Tanzania …
Read More »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 …
Read More »Tanzania sets up nickel mining with UK firm
Tanzania signed an agreement with LZ Nickel Ltd on 19 January to launch a joint venture company known as Tembo Nickel Corporation. The venture will have two subsidiaries for extraction, known as Tembo Nickel Mining Company Ltd, and Tembo Nickel Processing Company for the nation’s multipurpose mineral smelting industry. Speaking …
Read More »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 …
Read More »East Africa Metals makes good headway in its Adyabo gold property
This year, East Africa Metals (EAM) made good headway in developing its Adyabo gold property which includes the Mato Bula gold-copper project and Da Tambuk gold project. The company has revealed is not only focussed on developing its Ethiopian gold projects as fast as possible to take advantage of global …
Read More »Empowering women in leadership using innovation to boost development
There is no limit to what we, as women, can accomplish – Michelle Obama Bureau Veritas, a world leader in testing, inspection, and certification, is proud to announce the launch of its “BV Women in Africa Mentorship Program” a strategic collaborative partnership with TWAA, an innovative and disruptive global …
Read More »Barrick Gold make a new appointment to its board
Anne Kabagambe is now the new independent director of Barrick Gold. The former executive director of the World Bank and has been welcomed as a new addition to the board were she will be representing the interests of 22 Sub-Saharan African countries. These include Tanzania and Zambia, where Barrick has …
Read More »The spotlight will be on ESG during the Africa Mining Forum
The spotlight is set to be on Environmental, Social, and Corporate Governance (ESG) at the Africa Mining Forum which is set to kick off from the 16-20 November 2020. A testament to this notion is the fact that the organisers of the event have also announced a unique digital ESG …
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East African Mining News Unearthing Mining Opportunities in East Africa