Tanzania’s president ordered the military on Wednesday to build walls around its tanzanite mines and directed the central bank to buy the precious stone to boost reserves – the latest twist in a spat with […]
Category: Natural Resources
Glencore signs deal with Angola LNG
Natural resource commodities producer and trader Glencore Energy, together with Angola LNG have executed a multiyear LNG sales agreement, under which ALNG will deliver LNG cargoes to Glencore at destinations around the world. “Following on from the […]
PR: Fura Enters Into Agreement to Acquire Mozambican Ruby Licences
TORONTO, ONTARIO–(Marketwired – Sept. 19, 2017) – Fura Gems Inc. (“Fura” or the “Company”) (TSX VENTURE:FUR) has entered into an agreement to acquire all of the issued and outstanding shares of Cobadale Ltd. (“Cobadale”), which, […]
Syrah Resources seeks A$110m to increase graphite output
Syrah Resources plans to raise A$110 million to fund the ramp up of production at the Balama graphite project in Mozambique, Africa. Melbourne-based Syrah also intends to use the capital it raises to accelerate its battery […]
Tanzanian tough talk is turning off investors
Tanzanian President John Magufuli’s deepening dispute with companies he accuses of being tax cheats is rattling investors and dimming the allure of one of Africa’s fastest-growing economies. Since taking office in late 2015, Magufuli has […]
Zimbabwe’s gold exports increase
Gold exports are increasing significantly with the country expected to have exported at least 30 tonnes by the end of the year, government’s advisor and mining sector coach on the Ease of Doing Business programme, […]
