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Chinese buys controlling stake in Walkabout Resources

Chinese engineering firm Jinpeng Mining and Machinery has invested US$1M in Walkabout Resources via a placement authorised by the board. The development comes, as the company prepares to submit a mining licence the Lindi Jumbo Graphite Project in south eastern Tanzania. Following the share acquisition Jinpeng will now become WKT’s …

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De Beers finds new partnerships in Asia

De Beers Group’s International Institute of Diamond Grading & Research (IIDGR)  has established four new diamond grading partnerships with leading diamond jewellery retailers in Thailand, Vietnam and China. The new partnerships are with Aurora Diamond in Thailand, DOJI Group in Vietnam and Chow Tai Seng and CHJ in China, reflect …

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Kenya’s mining star is shining bright – Satchu

Kenyan investment and business guru Aly-Khan Satchu has bemoaned negative propaganda on the country’s mining industry. Satchu, the Chief Executive Officer of Rich Management Ltd said the nation need to be wary of the resource nationalism argument, adding that government has a crucial role to play. “The government needs to …

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