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Burkina Faso:Construction of Boungou Mine 87% Complete

Burkina FasoConstruction of Boungou Mine 87% Complete
SEMAFO Inc. (TSX:SMF) (OMX:SMF) has announced that construction of the Boungou Mine in Burkina Faso is 87% complete, with first gold scheduled to be poured early in the third quarter of 2018. In a first step towards this milestone, the Corporation began commissioning activities on dry plant...

Zimbabwe mining sector looks up with new platinum deal

Zimbabwe mining sector looks up with new platinum deal
Cyprus-based investment firm Karo Resources has inked a $4.2 billion deal to develop a platinum mine and refinery plant in Zimbabwe and indication that Zimbabwe mining sector is starting to look up after years of mismanagement. President Emmerson Mnangagwa says the move is an indicator that...

Uganda mineral licensing system goes online

Uganda mineral licensing system goes online
Uganda mineral licensing system has moved online to enhance service delivery and boost data accuracy, Commissioner of Mines, Mrs Agnes Alaba Kuterema has said. The system will enable customers to submit applications online as well as undertake all other statutory business processes such as making payments, submitting...

Miners meeting with Kabila fails to stop DRC mining code

Miners meeting with Kabila fails to stop DRC mining code
A meeting between miners and Congolese president Joseph Kabila that sought to halt the signing of a controversial mining code failed to persuade such a move and now the law will be signed off the way it is, mining minister Martin Kabwelulu has said. Top mining...

Kabila to meet miners over new DRC mining code

Kabila to meet miners over new DRC mining code
In Brief Country says previous DRC mining code favoured foreign investors at the expense of the economy The code seeks to hike taxes in major industry reforms DRC is Africa's leading copper producer and the world’s leading cobalt producer Democratic Republic of Congo President Joseph...

Kibo Mining signs MOU with TANESCO on Mbeya Coal Project

Kibo Mining signs MOU with TANESCO on Mbeya Coal to Power Project
Kibo Mining Plc (AIM:KIBO; AltX:KBO), has signed a Memorandum of Understanding with the Tanzania Electric Supply Company (TANESCO), for the Power Purchase Agreement (PPA) of the Company’s flagship 300MW Mbeya Coal to Power Project (MCPP). The MOU constitutes the precursor to the finalisation of the...

Mining, construction sectors boost Tanzania’s GDP

Mining, natural gas and construction sectors boost Tanzania's GDP
Tanzania's GDP grew 6.8 per cent year-on-year in the third quarter of 2017 compared to 6.2 per cent in the same period the previous year mainly supported by mining and gas, and construction sectors. Data from the National Bureau of Statistics shows that Tanzania's construction...

Junior Nigerian firm wins African Mining Indaba contest

Upcoming Nigeria firm tops African Mining Indaba contest
Thor Exploration Limited a junior Nigerian mining firm has emerged winner of the 2018 Investment Battlefield organized by African Mining Indaba for their gold exploration project in the Southwest state of the country. The company was selected as the most promising of the 22 junior...

DRC mining code seeks to classify cobalt a strategic substance

DRC mining code seeks to classify cobalt a strategic substance
A proposed revision to the Democratic Republic of Congo’s (DRC) mining code could classify cobalt as a strategic substance, essentially resulting in a tax hike, Mines Minister Martin Kabwelulu has said. The new mining code has already been passed by the lower house and is...

Zimbabwe’s mining sector is most attractive to investors

Zimbabwe's mining sector is most attractive to investors
Zimbabwe's mining sector is the most attractive investment area going by the number of applications with interest in the sector, statistics from the Zimbabwe Investment Authority (ZIA) has shown. Out of the 153 approved  investment proposals in the first 11 months of 2017, 57 of them...
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