East African Mining News Unearthing Mining Opportunities in East Africa

Junior Black Mountain Resources has reported a maiden indicated mineral resource of 4.6-million tonnes, grading 19% vermiculite at its Namekara project, in Uganda. “We have infill drilled around 10% of the area currently covered by the inferred resource and have converted about 85% of this inferred resource into an indicated …

The international gold exchange-traded fund (ETF) market is suffering, owing to the poor performance of the gold price in 2013, the South Africa-based investment banking division of Barclays Africa exchange traded products head Vladimir Nedeljkovic tells the media He says, while gold ETFs in South Africa have remained static, as investors are keeping …

Barclays Africa Group is preparing to list its NewGold ETF on the Nairobi Securities Exchange after receiving regulatory approval to begin trading the securities. “We expect the listing to take place early this year,’’ Michael Mgwaba, head of exchange traded products at Johannesburg-based Barclays Africa’s Absa Capital unit, said in an …