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GoviEx close private placement financing

GoviEx Uranium has closed private placement expected to continue financing exploration and development activities on the company’s mineral assets. The C$5.385 million private placement financing is to strengthen GoviEx’s principal objective to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in …

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Firestone extends Botswana’s BK11 asset sale period

British junior miner Firestone Diamonds has agreed to extend the option period granted to Amulet Diamond Corporation (Amulet) to purchase Firestone’s BK11 asset until 31 December 2018. BK11 is a diamond asset in Botswana, currently on care and maintenance. Amulet is funding the construction and operation of a bulk sampling …

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New JV to develop small-scale hydropower projects

The New Africa Power joint venture (JV) plans to develop a 65 MW portfolio of small-scale, run-of-the-river hydropower projects in Zambia. The JV, established by Nairobi-based energy holding company responsAbility Renewable Energy, international finance institution Norfund and investment company Vineyard, has committed $4.6-million for the feasibility phase of the development, …

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Miners celebrate transport ban lifting

Zambia Chamber of Mines has applauded government for lifting night time driving ban for cargo haulage trucks. “The mining sector is obviously relieved that the measures… have been amended to reflect the reality of transporting essential industrial inputs and commodities on our roads,” said Nathan Chishimba, Chamber of Mines President. …

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New investor for Kitumba copper project

Australian company Weatherly has entered into a binding agreement to purchase 100% of the Kitumba copper project. The AU$ 4.75 million deal is subject to certain conditions precedent including intrepid shareholder approval and any regulatory approvals required in Zambia and Australia. Kitumba copper development project hosts a JORC-compliant measured and indicated resource of 24.9Mt at a copper …

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Vedanta Resources invest more at Konkola

Konkola Copper Mines (KCM) has announced intentions to set up a new copper smelter, cobalt refinery and other infrastructure. The projects are to be financed through the $1 billion investment programme announced earlier this year. In March Vedanta announced the $1 billion investment after a meeting between its Chairman Anil …

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Strikes hamper Zambia’s copper exports

The Tanzania-Zambia Railway Authority (TAZARA) has suspended all train services, including the transportation of copper following a strike by workers. The line a route for copper exports from Zambia and the Democratic Republic of Congo (DRC), but the firm transporting the metal struggles to pay its workers, prompting strikes. Conrad …

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Tektronix brings productivity boosting in-depth analysis solutions

Tektronix has announced the release of new options for the 5 SERIES MSO mixed signal oscilloscope including a power analysis solution, Automotive Ethernet testing solution, and serial trigger and decode solutions for the aerospace and automotive markets. These new solutions take full advantage of key 5 Series MSO innovations including …

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GoviEx Uranium’s Mutanga technical report out

GoviEx Uranium Inc. has filed the technical report on a preliminary economic assessment (PEA) of the Mutanga Uranium Project. Prepared by qualified persons from SRK Consulting highlights include the project development plan envisions an average annual production rate of 2.4 million pounds of U3O8 yellowcake over an initial 11-year mine life, …

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Government to increase stake in copper companies

ZCCM –IH wants to increase its stakes across the country, as copper prices rebound. “It’s encouraging us to invest even more in copper. That’s why we want to increase our shareholding in some of the assets we have,” Pius Kasolo, Chief Executive Officer of ZCCM-IH told Reuters on the sidelines …

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