Construction & Mining

Exploration at Rongo Gold Field Project in Kenya’s Lake Victoria Greenstone Belt

African Queen Mines Ltd. has now commenced its Phase 1 exploration programme on the Rongo Gold Field Project in the Kanango gold mining area of the Migori District of Nyanza Province in Southwest Kenya near Lake Victoria.

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Investment in Ethiopia’s mining sector

IFC, a member of the World Bank Group, today agreed to invest £3.4 mn in
Nyota Minerals Ltd to support a gold exploration project that is expected
to provide jobs and government revenues to Ethiopia once the mine is

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Grant for growth and governance in DRC minerals

The World Bank has approved a US$50mn grant to the Democratic Republic of Congo to increase transparency and accountability in the mining sector so that the income from natural resources will be used for inclusive and sustainable growth.

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Mozambique project to yield 5.3 MT of coal by 2011

Tata Steel, the world's seventh largest steel producer, expects coal production from its joint venture project in Mozambique to touch 5.3 million tonnes (MT) by 2011.

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Millions to be invested in mining fund

The Board of Directors of the African Development Bank (AfDB) approved, in June 2010, a US$25mn equity investment in the second New Africa Mining Fund.

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