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Kefi Minerals secures local investors for its Ethiopian project

AIM-listed Kefi Minerals has signed a deal with a syndicate of Ethiopian investors who will purchase a significant, yet minority, stake in the company’s subsidiary, Tulu Kapi Gold Mines Share Company.
Mustang Resources

Mustang Resources underway with feasibility study drilling at Caula

ASX-listed emerging miner Mustang Resources is underway with the feasibility study drilling programme on the flagship Caula vanadium-graphite project in northern Mozambique. Mozambique – The drilling programme is well advanced with 3 025 m of diamond...
Kenya gemfields

Fura Gems to acquire additional ruby licences in Mozambique

Fura Gems has entered into a share purchase agreement pursuant to which it will acquire a 100% interest in ruby prospecting licence No. 5572L in Mozambique.
Strandline Resources

Base Resources reports successful ramp up of mining operations

Base Resources' Kwale mineral sands operations in Kenya, has been ramping up mining rates and optimising the wet concentrator plant recoveries.
Acacia Mining

Acacia Mining mulls potential Tanzania asset sale

Acacia Mining is engaging with a small number of interested Chinese parties to explore the potential sale of a stake in one or more of its Tanzanian assets.
zambia Glencore

Lundin Mining makes unsolicited offer for Nevsun Resources

Nevsun Resources has advised its shareolders to 'take no action' on the unsolicited takeover offer of the company made by Lundin Mining on 16 July 2018.
Tanzania East Africa Metals

Acacia Mining contributes US$712 million to Tanzania’s economy

Ernst and Young demonstrates the significant contribution that Acacia’s three mines – North Mara, Bulyanhulu and Buzwagi – continue to make to Tanzania’s economy as well as the country’s broader social development.
east africa metals

Gemfields’ emerald mine in Ethiopia overrun by mob

On Friday 29 June 2018, a mob estimated at between 300 and 500 persons overran the operations of Web Gemstone Mining, an Ethiopian company in which Gemfields holds a majority interest.
exxaro coal

Kibo Mining shareholders to vote on name change

Kibo Mining plans to put forward a resolution seeking approval for changing the name of the company to Kibo Energy at its AGM to be held on Monday 30 July 2018.

Gold producer reaches agreement with investors

KEFI Minerals the emerging gold producer has reached agreement with an Ethiopian investment syndicate for the proposed acquisition of a 30% ownership interest.