Thursday , June 13 2024

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Katoro prioritised Tanzania project development in 2023

Aim-listed Katoro Gold prioritised resource development at its Haneti project, in Tanzania, during the year ended December 31, 2023, owing to it being mindful of funding constraints. Early in the year, Katoro successfully raised £150 000 (gross), which was used for ongoing working capital and to conclude the project assessment …

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Water a barrier in Africa’s development – expert

Water scarcity poses a significant barrier to Africa’s growth and development, with climate change and deteriorating infrastructure intensifying the challenges, says advisory and analytics firm Frost & Sullivan consultant Hannro Steenekamp. He explains that South Africa’s ongoing water crisis, where about half of Johannesburg’s population of over 5.5-million people have …

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Petra weathers lower diamond prices in latest tender

Independent diamond miner Petra Diamonds’ sixth tender cycle for the 2024 financial year yielded $44-million from the sale of 371 000 ct. CEO Richard Duffy says like-for-like prices were marginally down through this seasonally quiet period, being 2.6% lower than for Tender 5, with demand slightly muted owing to Indian …

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