Tuesday , February 7 2023

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Mustang acquires 65% in another Moz mining licence

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 …

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China puts industrialisation of African economies on the international agenda

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 …

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Strandline Resources ramps up Fungoni project feasibility study

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 …

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