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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...

Mining fails to attract more FDI to Africa -EY report

Mining fails to attract more FDI to Africa -EY report
In summary Mining sector accounted for just 6.2% of foreign direct investment (FDI) that landed in Africa last year. Capital investment was primarily driven by capital-intensive projects in real estate, hospitality and construction South Africa remains the continent’s leading FDI destination US continues to...

Acacia Mining slapped with huge tax bill as shares tumble

Acacia Mining slapped with huge tax bill as shares tumble
Gold miner Acacia Mining says it has received a tax bill that is four times the GDP of Tanzania where it operates, affecting its performance in the stock market. Acacia Mining’s shares fell for a sixth straight session on Tuesday in the wake of a...

Endeavour Mining boosts Ity mine in Côte d’Ivoire

Endeavour Mining boosts ity mine in Côte d’Ivoire
Canadian firm Endeavour Mining has announced that it will forge ahead with construction  of a Carbon-in-Leach (“CIL”) plant at its Ity gold mine in Côte d’Ivoire. The firm said the project is aimed at expanding the Ity mine by 14 years, based on current reserves...

Kibo Mining gets ESIA certificate for Tanzania’s Mbeya coal project

Kibo Mining gets ESIA certificate for Tanzania's Mbeya coal project
Kibo Mining PLC has announced that it has been awarded an environmental and social impact assessment (ESIA) certificate for its flagship Mbeya coal project and the Mbeya power generation project in Tanzania. The ESIAs represent integral elements of the approval process for the company’s proposed...

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...

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...

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...

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...

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...
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