East African Mining News Unearthing Mining Opportunities in East Africa

South Africa-based utility company Zest Energy, a subsidiary Zest WEG Group has constructed seven generators power plant at Balama graphite project. ASX-listed Syrah developers of Balama said the plant will start operating in the first quarter of 2017 producing an initial capacity of 12.5 MW with an installation of seven …

Vale Mozambique, a subsidiary of Brazilian group Vale, had an operating loss of US$105 million in 2016, a figure which compares with a loss of US$508 million in 2015, said the mining group as it published it accounts for the fourth quarter and 2016. The document said the improvement compared …

Ruby miner Mustang Resources has acquired a 65% interest in a new ruby licence that borders its existing Montepuez project, in Mozambique, for 30-million of its own shares and $100 000 in cash. Artisanal miners are reportedly recovering large, high-quality rubies from the licence area, which is located only 3 …