East African Mining News Unearthing Mining Opportunities in East Africa

Aim-listed Kefi Copper and Gold expects a $240-million debt capital offering towards its Tulu Kapi project, in Ethiopia, to be signed this week. The financing had been put on hold following a procedural matter that had to be addressed by one syndicate party, which has now been resolved. Kefi says …

Scandinavia-based but Ethiopia-focused gold producer Akobo Minerals’ total doré gold production for the third quarter reached about 21.5 kg, while the company achieved its first positive earnings before interest, taxes, depreciation and amortisation. Doré gold production for September was about 6.5 kg, exceeding the monthly target of 5 kg. Cumulative …

The Democratic Republic of Congo will start building gold reserves to bolster its currency and lift its economy, the central bank governor said, joining a rush in Africa and elsewhere to stockpile the precious metal as prices soar. Gold prices, which hit record highs above $4 000 an ounce on …