East African Mining News Unearthing Mining Opportunities in East Africa

Acacia Mining has reported a drop in production over the last three months. The company has attributed the development to work permit issues and reduced operations at its main Tanzanian mines. However, Investec analyst are optimistic that Acacia will meet its full-year production target as output for the year is …

Organisers of Africa’s biggest mining jamboree – Mining Indaba have promised a big and better event in 2018. The event’s new organisers – Euromoney said all stakeholders in the sector have been engaged, returning the event to a deal making forum. Alex Grose, Managing Director for Mining Indaba said new …

LSE-listed Petra Diamonds on Monday warned shareholders it was likely to breach lending covenants at the end of this year owing to labour disruptions and uncertainty around sales volumes at Petra Diamonds’ South African mines and Williamson Mine, in Tanzania respectively could see the company breach lending covenants. The company …