News

Saudi Arabia has constructed a facility – with assistance from China – to extract uranium yellowcake from uranium ore, the Wall Street Journal (WSJ) has reported, citing western officials with knowledge of the matter. The US newspaper reported on Tuesday that the facility, which has not been publicly disclosed, is… Read more »

The Government of Liberia through the Ministry of Mines and Energy on July 22, 2020, presented another mining company company to the citizens of Nimba in an elaborate ceremony, which was held in the provincial capital, Sanniquellie. Presenting the new company, the Deputy Minister for Operations, Emmanuel O. Sherman, told… Read more »

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved a new policy on local production of bitumen to further diversify the nation’s economy. The Minister of Works and Housing, Babatunde Fashola, disclosed this at the end of the council meeting which lasted for over eight… Read more »

Copper futures prices rallied on Tuesday after the agreement of a massive economic stimulus plan in Europe, optimism about a covid-19 vaccine and ongoing worries about pandemic-hit supply from top producer South America. Copper for delivery in September trading in New York changed hands for $2.9750 a pound ($6,560 a… Read more »

Organisers of the Arab Africa Mining Conference have refused to let COVID-19 scupper the annual event and have resolved to hold the 2020 edition as a webinar series. Organised by Frontier exchange and co-hosted by Financial Markets Indaba, the annual conference brings together mining houses, government leaders, investors and other… Read more »

The Public Authority for Investment Promotion and Export Development (PAIPED) has recently signed a cooperation programme with the Public Authority for Mining. The programme targets exchange of information in the field of promoting the mining sector in the Sultanate. The programme was signed on behalf of the Public Authority for… Read more »

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 »