News

A news agency recently carried out an investigation on the billions of money being lost from Africa resulting from gold smuggling. According to the report by news agency Reuters, billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates (UAE) in …

The world’s second-largest uncut diamond has been unearthed in the Karowe Mine of Botswana. After the announcement by Canadian company Lucara Diomond Corp, the miner’s share price increased to 11% to C$1.68 a share. The 1758ct diamond is second in size only to the 3 106ct diamond that was mined …

The Republican president of Zambia has acclaimed the visit by former African heads of states as very meaningful and encouraging to the government in sourcing for more developmental links with Angola. President Lungu says the two countries have not sufficiently integrated economically hence the need for avenues that will enhance …

Zanzibar Gold has announced plans to acquire Mkuvia gold property, in the Nachengwea area of southern Tanzania, as well as the Fakawi gold property, in the Handeni area of north-central Tanzania. The potential for low-cost extraction of placer gold from part of an extensive gold-bearing placer alluvium at Mkuvia will …

The Sanbrado Gold project being constructed by the West African Resources in Burkina Faso is said to be moving on schedule. West African Resources alluded that the Sanbrado project under construction is on target and is within the allocated budget. The developer further announced that this project is set for …

A memorandum of understanding (MoU) has been signed between the Republican of Liberia and Guinea with regard to transportation of Iron ore from Zogota Iron Ore in Guinea. This follows the joint vision of economic co-operation conveyed by leaders of the republics of Guinea and Liberia, His Excellence President Alpha …

The recent joint venture between Barrick Gold and Newmont Goldcorp in Nevada has been announced and that all regulatory conditions required for its completion have been completed. The operations making up the joint venture produced in excess of 4 million ounces of gold in 2018, more than three times the …

Sawa Minerals,a tech-driven company has created and launched a platform that will transform how gold is mined and sourced across Africa and the developing world. The platform has been designed in such a way that it is easy to buy ethically mined gold from artisans and small scale miners (ASM) …

Cummins has debuted the HSK78G natural gas generator series at the 2019 Middle East Electricity (MEE) at the Dubai World Trade Centre. The equipment is expected to fuel the next generation of power and offer a total package of gas generator capabilities and innovative gas technology for prime and peaking …

Hong Kong-listed  Hanergy Thin Film Power Group has showcased its path-breaking solar-power products at the just ended Solar Show Africa 2019. The event is Africa’s largest and longest running power and electricity show recently held in South Africa. The group showcased a series of its most promising solar solutions – …