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Triton raises funds to advance the Mozambique project

Minerals developer Triton Minerals has raised A$12-million through a share placement to a Hong Kong investor, institutional groups and sophisticated investors. The miner said on Monday that it had placed some 34.3-million shares, at 35c each, to raise the funding that would enable Triton to rapidly progress the definitive feasibility …

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Tanzania gets $45m World Bank loan to improve the mining sector

The World Bank has approved a $45-million loan for Tanzania, Africa’s fourth-biggest gold producer, to help improve its mining sector especially among small-scale producers.The funds will help to create a viable domestic mining industry in poor, rural areas where unregulated artisanal and small-scale mining takes place, Philippe Dongier, the Bank’s …

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Montepuez Ruby Mining holds fourth auction of rubies mined in Mozambique

Montepuez Ruby Mining is due in June in Singapore to hold its fourth auction of rubies in the rough mined in Mozambique, company director Rami Raimundo Pachinuapa said cited by Mozambican daily newspaper Notícias. Pachinuapa said this auction would provide revenue of US$50 million, after a previous auction held in …

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Construction advances at Zim Tungsten mine

The fabrication of the process plant for Aim-listed Premier African Minerals’ 49%-owned RHA tungsten project, in Zimbabwe, is expected to be completed by the end of May. The majority of the plant components had been delivered to Appropriate Process Technologies (APT), in Johannesburg, with the main outstanding component being the …

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Congo copper and gold production jumps in Q

Copper and gold production in Democratic Republic of Congo rose sharply in the first quarter of 2015, despite continuing uncertainty about a proposed revision of the mining code.Congo, which vies with Zambia to be Africa’s leading copper producer, mined 279 573 t of the metal during the quarter, according to …

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Areva remains committed to Namibia despite depressed Uranium Prices

DESPITE a weak uranium oxide price and the perception that the Trekkopje mine in Erongo has closed down, Areva Resources Namibia remains committed to eventually being a major contributor to the national economy and social enhancement.This was the message of the company’s managing director Hilifa Mbako at the launch of …

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Kwale performance keeps up – Base

Mineral sands miner Base Resources has reported another solid quarter from its Kwale project, in Kenya, with heavy mineral concentrate (HMC) production up 24% over the previous quarter, from 166 000 t to 206 000 t.The miner said on Friday that a focus on debottlenecking the wet processing plant’s capacity had enabled …

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Triton Minerals establishes strategic alliance to explore graphite in Mozambique

Australian company Triton Minerals has signed an agreement to establish a strategic alliance for Mozambique with the AMG Mining AG group through its subsidiary GK Ancuabe Graphite Mine, the company said in a statement issued Tuesday. The strategic alliance has an initial validity of two years, during which the parties will …

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DRC Congo copper lead over Zambia

Zambia’s   neighbour, the Democratic Republic of the Congo, formerly Zaire is a vast mineral rich country and one of   the world’s wealthiest, yet   its population   wallows   in unimaginable squalor of poverty. The Central African   nation   is host to a variety of minerals such as, Diamonds, Gold, Coltan (vital   material   for …

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Australia’s Mozambi Resources starts graphite exploration in Mozambique

Australian company Mozambi Resources will carry out the initial work of graphite exploration in two license areas in the province of Cabo Delgado, Mozambique, the company said in a statement issued Tuesday. The two license areas are located in the vicinity of concessions with high quality graphite deposits of Triton Minerals …

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