The African Mining Roundup is a synopsis of mining activity on the continent. The November 2015 roundup covers activities that happened in October in more than 20 countries. It includes about 100 separate news items in an easy-to-read, disaggregated format. This month’s report includes details of ASX-listed junior Mustang Resources' agreement with private Australian miner Montepuez Minerals to acquire an 80% stake in the unlisted company, giving Mustang access to three highly prospective ruby licences in Mozambique; Tanzania-focused graphite developer Kibaran Resources' mandate letter with German bank KfW IPEX to explore financing options for the construction of the $77-million Epanko project; and Intrepid Mines’ 35% decline in estimated capital costs at its Kitumba copper project, in Zambia, following an update to its prefeasibility study.
This report is a summary of information published in Engineering News and Mining Weekly, as well as of information available in the public domain. The report does not purport to provide an analysis of market trends.