East African Mining News Unearthing Mining Opportunities in East Africa

Ruby miner Mustang Resources has acquired a 65% interest in a new ruby licence that borders its existing Montepuez project, in Mozambique, for 30-million of its own shares and $100 000 in cash. Artisanal miners are reportedly recovering large, high-quality rubies from the licence area, which is located only 3 …

Continued low commodity prices have led countries such as Angola, Equatorial Guinea and Mozambique to place greater urgency on economic diversification, at a time when the industrialisation of Africa has the support of major international partners, especially China. A report prepared for the last G20 summit in Hangzhou (China) in …

Mineral sands developer Strandline Resources is rapidly pursuing development of its 100%-owned, zircon-rich Fungoni mineral sands project in Tanzania. This follows the release of the results from a drilling campaign in January, which significantly increased the contained heavy mineral (HM) of the mineral resource estimate, improved JORC classification and confirmed …