East African Mining News Unearthing Mining Opportunities in East Africa

By BAZIN MAMBUMINA Ethiopia’s projected leap from $3 billion to $10 billion in annual export revenue in the space of three years is remarkable by any measure but the more significant story may be what is driving it and what it reveals about the direction of the country’s economic transformation. …

In a bold move that signals a strategic shift from downstream refining to primary resource development, Turkish precious-metals investor Ozcan Halaç has proposed a C$27.2 million cornerstone investment in Canadian-listed explorer Lake Victoria Gold. Under the terms of a non-binding term sheet announced on October 20, Halaç’s Dubai-registered investment vehicle, …

With billions flowing through mining procurement each year, the sector holds real power to build local industry, from the equipment and materials to the technical services that keep operations running. Geofields Tanzania Limited’s new wire mesh manufacturing plant in Kerege, Bagamoyo, signals a push to capture more of that value …