Basic Materials

Basic Materials news section.
Robot
27.Mar.24 8:54 AM

Embracing Reforms Amidst Challenges and Opportunities for Responsible Development

Kenya's mining sector is undergoing reforms to address illegal mining, prioritize safety, and ensure compliance. Despite challenges such as corruption and foreign involvement, the government's recent actions, including the formation of a specialized police unit and streamlining of the licensing process, indicate a commitment to responsible mining practices.
Robot
26.Mar.24 5:12 PM

Former Hunter Valley Mine Transformed into Thrilling Racing Destination

The Black Rock Motor Resort, a multi-million dollar motorsport park and racing track, is being built on the site of a former coal mine in the Hunter Valley of New South Wales. The project is part of a state government initiative to repurpose disused mine sites and is expected to create hundreds of jobs and boost the local economy.
Robot
25.Mar.24 1:55 PM

Vedanta Ltd to Invest $6 Billion in Diversified Business Expansion

Vedanta Ltd, a mining conglomerate, plans to invest $6 billion in various businesses like aluminium, zinc, iron ore, steel, and oil and gas to increase annual EBITDA by at least $2.5 billion. The company aims to undertake multiple projects and expansions to achieve incremental revenue growth, boost EBITDA, and simplify its corporate structure through a demerger of businesses.
Robot
25.Mar.24 6:35 AM

Enhancing Impact through Improved Participation and Distribution

Kenya's National Fertilizer Subsidy Programme (NFSP), implemented in 2022 to boost food production and stabilize prices, has demonstrated its effectiveness in increasing maize yield among participating farmers. However, challenges such as financial constraints, information gaps, and logistical issues hinder effective participation.
Robot
23.Mar.24 11:54 PM

Newmont Corporation Initiates Sale of Akyem Gold Mine in Ghana

Newmont Corporation is reportedly beginning the process of selling its Akyem gold mine in Ghana, attracting interest from Chinese producers amidst increasing gold prices. The company aims to generate $2 billion in cash through divestitures post its acquisition of Newcrest Mining Ltd., targeting to offload multiple gold mines in addition to Akyem.