East African Mining News Unearthing Mining Opportunities in East Africa

Across Western Kenya, over 95 per cent of gold mining is unregulated, with corruption, political interference and bureaucracy rife. A trip to the Chamber of Mines to seek a licence is hell on earth for investors. Failure by the government to regulate artisanal gold mining has hindered not only controlling …

Accidentally millionaire, Saniniu Laizer, has discovered yet another giant violet-blue stone weighing 6.3 kilograms (13.9 pounds). This is within two months of becoming a millionaire overnight in June after his mining company discovered two rough Tanzania gemstones worth $3.4 million and believed to be the largest in the world. Laizer, …

The Governor of the Central Bank of Congo (BCC), Deogratias Mutombo, believes that the current depreciation of the local currency is caused by the lack of repatriation of foreign earnings by mining companies into Congolese monetary circulation. Authorities in the Democratic Republic of Congo have indicated they will tighten controls …