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Ethiopia lures Chinese miners

Potential Chinese investors have set their eyes on Ethiopia’s mining sector for major investments.The development comes as Ethiopian authorities escalate efforts to attract foreign firms in the extraction of the country’s abundant mineral resources. Assefa Kumsa, Ethiopia’s State Minister of Mining and Petroleum said his government is inviting experienced foreign …

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JV on the cards for Mato Bula, Da Tambuk deposits in Ethiopia

Toronto Stock Exchange listed East Africa Metals has executed a definitive share purchase agreement and joint venture contract with Silk Road Resources Investments to develop and operate Adyabo Project’s Mato Bula and Da Tambuk deposits located in the Tigray region of Ethiopia. The company has agreed to transfer to Tibet …

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Diamond exploration licenses returned to semi-industrial companies and cooperatives in Angola

The return of licenses to 241 companies and semi-industrial diamond mining cooperatives in seven provinces of Angola will allow the creation of at least 20,000 jobs, the national director of Mineral Resources said on Friday in Dundo. André Buta, who spoke at the end of the delivery of 31 of …

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