East African Mining News Unearthing Mining Opportunities in East Africa

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 …

Strong gold prices are raising mining revenues in Ethiopia and drawing more competition from investors in a market largely dominated by artisans and smaller players. Coronavirus-linked border closures forced miners back into the formal sector’s arms; a welcome boost for the central bank of Ethiopia, which needed hard currency. Ethiopia …

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 …