News

Egypt’s Ministry of Petroleum and Mineral Resources revealed on Tuesday (30th June 2020) the discovery of a gold deposit with estimated resources of 1 million ounces. The asset was found in the mineral-rich Eastern Desert, on a mining concession run by state-owned Shalateen Mining Company, Ahram Online reports. The government… Read more »

GUINEA hailed an agreement with a consortium developing its Simandou iron ore reserve which was signed on Tuesday, saying it was “an important step” in the development of the country’s mining sector. The consortium – which includes Société Minière de Boké (SMB) and Singapore’s Winning Shipping as well as Guinean… Read more »

Minister of Mines and Steel Development Architect Olamilekan Adegbite has identified more minerals as future of the Nigerian mining sector as the country moves to position it’s economy post Covid-19. He stated this while his keynote address at a vitual meeting on ‘Unlocking Nigeria’s Economic Potentials’ organised by the Nigerian… Read more »

Saudi Arabia approved a new mining law to attract more local and foreign investments in the mining sector and to diversify its economy away from oil. A new mining fund will facilitate continuous financing for the sector and support geological and exploration activities, a statement carried by the Saudi Press… Read more »

Iron-ore prices are currently trending above $100 per ton and clocked a year-to-date gain of 10%. A surge in coronavirus infections in Brazil has triggered worries of a supply crunch for iron ore, while demand in China remains strong. This has led to the price rally of the steel-making commodity…. Read more »

We are pleased to annouce the dates for the Guinea and Nigeria i-MINE Webinar Government Series. The series will bring government offcials, ambassadors, and mining executives to present and discuss about mining activities, challenges, and opportunities live in thier nations. Usually the global mining community keeps in touch with global… Read more »

Ministry of Petroleum announced Wednesday a new oil discovery in the Western desert. The new discovery Abu Snan oilfield is expected to reach an output of about 18 million feet of gas and 4,000 barrels of crude oil per day. This came in a report for Minister of Petroleum and… Read more »

Development of the Simandou blocks in Guinea will not only increase the country’s iron ore exports but will also prompt Chinese importers to shift some iron ore imports away from Australia to Guinea, which will add to dry bulk shipping demand. Guinea has already become the world’s largest supplier of… Read more »