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The latest mining world news and project information from Africa. providing updates on the progress of future, new and existing projects. Developments in mining legislation, policies, investments and infrastructure will be highlighted
State-owned freight logistics group Transnet is in the process of overhauling its approach to opening up its port and rail networks, including 8 000-km of branch lines, to private participants, acknowledging that its previous models have been far to slow and cumbersome. CEO Portia Derby said the group was prioritising the leveraging of private sector investment across several of its operations in support of government’s persistent call for the total cost of logistics to be reduced.
Barrick Gold Corp said on Friday Tanzania has awarded 10 new exploration licenses to the Canadian miner and it plans to spend $8 million to carry out exploration in the country this year. Barrick oversees the management of its assets in Tanzania through Twiga Minerals Corp, a joint venture formed last year between the company and the government of Tanzania.
Aim-listed Kefi chairperson Harry Anagnostaras-Adams says he is delighted that the funding consortium for the Tulu Kapi project, in Ethiopia, has been finalised and that the overall project timetable for targeting the start of production in the fourth quarter of 2022 has been maintained. Kefi on October 22 announced that it had assembled the full funding consortium and set the conditional terms for the development funding package of about $221-million.