East African Mining News Unearthing Mining Opportunities in East Africa

Wood Mining & Minerals international engineering, project and technical services company says countries that boast favourable mining regulations will capitalise once the industry improves. Trevor Anderson, the firm’s Europe, the Middle East and Africa Business Development Director there are encouraging signs indicating an upturn in the industry. “I am optimistic …

German industrial group Siemens has set its eyes on the East Africa’s energy industry “The smart money is on East Africa,” said Lukas Duusema, CEO, Siemens Eastern Africa. He believes Africa’s new economic powerhouse is taking root in Eastern Africa, with Ethiopia and Kenya taking the lead, and Tanzania and …

Shanta Gold has received a $3.4-million value-added tax (VAT) refund from the government of Tanzania. The refund is made up of a $1.9-million offset against corporate taxes payable in 2016 and 2017 and a cash payment of $1.5-million. Shanta’s VAT receivable balance has reduced to $13.4-million. In August, Shanta Gold  cancelled …