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Tanzania’s mining sector forecast to stagnate

Growth of the Tanzania’s mining industry is forecast to stagnate probably until 2018 on account of low gold production, a report by World Mining Report says. Although gold metal is the sector’s mainstay, with the country being the fourth global producer, there are plans by the country to diversify into …

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Vedanta Resources Plc faces ‘de-listing’ from London Stock Exchange

The fate of diversified miner, Vedanta Resources Plc, with operations across the globe including India and Zambia, has heightened with interest groups and lawmakers petitioning the House of Commons in London over the ‘criminal behavior’ of some of the companies listed on the local stock market. Civil rights campaigners, among …

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Zambia Railways aim to link mines

‘Rejuvenated’ Zambia Railways Limited has mobilized over US$50 million to re-establish an intermine railway network, ostensibly, to ease the cost of doing business by players in the country’s copper and mining sector. The more than 100-year-old Zambia Railways Limited, one of the beneficiaries of the US$750 million Euro bond finances …

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Ethiopia identifies 20 new mineral deposits this year

Ethiopia has identified 20 new mineral deposits this year which include gypsum, limestone, marble and potash says a report from the Geological Survey of Ethiopia (GSE). The discovery of the various deposits in the northern African state, has led to an increase in the national total up in the 2013/14 …

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