Latest news with #MarulaMining
Zawya
12-05-2025
- Business
- Zawya
African Mining Week to Connect Junior Miners with African Prospects, Global Investors
The upcoming African Mining Week - scheduled for October 1–3, 2025, in Cape Town - will feature a dedicated Junior Mining Forum that will connect emerging mining companies with investors, industry experts and potential partners. The forum will showcase the role played by junior miners in driving the growth of the African extractive sector as African countries capitalize on the growing global demand for minerals to drive economic development. Junior mining companies are driving innovation, discovering new deposits, bringing new projects online and creating opportunities for the growth of Africa's mining sector. In Tanzania, UK-listed Marula Mining began manganese production in March, 2025 and plans to start operations at its Kinusi copper project later this year. Australia's Walkabout Resources is also ramping up output at the Lindi Jumbo Graphite Project in Tanzania, which boasts some of Africa's highest-grade flake graphite ore reserves. In Zimbabwe, Kavango Resources secured $5 million in April 2025 from local pension funds to support its Hillside Gold Project. Premier African Minerals continues to advance the Zulu Lithium and Tantalum Project, bolstering Zimbabwe's status as a leading lithium producer. Junior miners are also propelling Africa's gold sector. In Guinea, Canadian firm Robex Resources is accelerating development of the Kiniero Gold Mine, targeting initial production by the end of 2025 with an expected annual output of 100,000 ounces. Allied Gold secured a $500 million investment from UAE-based Ambrosia to expand the Sadiola Gold Mine in Mali and develop the Kurmuk Gold Mine in Ethiopia. In Sierra Leone, FG Gold Limited is advancing the Baomahun Gold Mine - the country's first large-scale commercial gold project - slated to become operational in 2025. To expand on these activities, the forum will host high-level panel discussions addressing the regulatory and market-entry challenges faced by junior miners, offering them a valuable opportunity to engage directly with regulatory authorities and identify effective pathways toward integration into the mining sector. Recognizing that limited access to investment remains a key barrier for junior mining companies, the event will also serve as a platform to facilitate strategic partnerships between these emerging players, global investors, and established industry leaders - unlocking new avenues to advance Africa's vast mining potential. As the continent's premier gathering for mining stakeholders, African Mining Week enables junior miners to connect with technology providers, ensuring they are equipped with the tools needed to explore and develop Africa's rich geological resources. The forum will feature exclusive networking sessions and project showcases, providing a platform for regional and global emerging mining firms to connect with growing and lucrative investments opportunities across the African mining value chain. Distributed by APO Group on behalf of Energy Capital&Power. About African Mining Week: African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@
Yahoo
07-03-2025
- Business
- Yahoo
Marula Mining subsidiary inks manganese ore sale deal with Baosteel
Africa-focused mining and development company Marula Mining's subsidiary Muchai Mining Kenya has entered a contract with Baosteel Resources South Africa for the purchase and sale of manganese ore from the Kilifi manganese processing plant in Kenya. Baosteel Resources is a wholly owned subsidiary of state-owned China Baowu Steel Group, the world's largest steel producer. Under the contract, Baosteel Resources will exclusively sell the manganese ore produced at the Kilifi plant as an agent. Muchai Mining will manage mining, loading and transportation to the designated handover destination, while Baosteel Resources will oversee export and sales logistics. The contract, which commenced on 1 March 2025, outlines a five-year term with an initial delivery of at least 5,000 tonnes (t) of manganese ore by 30 April 2025. Subsequent monthly deliveries will scale up from 10,000t to 20,000 wet tonnes, with each delivery forming a separate sale and purchase contract. The pricing for the manganese ore will be based on China Ferroalloy Online index rates, including provisional and final settlement mechanisms that account for product quality, moisture, grade adjustments and market-based revisions. A performance bond mechanism will ensure secure transactions and accommodate price fluctuations. A provisional payment of 90% of each monthly shipment will be made to Muchai Mining upon delivery, with the balance paid after final quality and quantity certifications. Marula Mining CEO Jason Brewer said:'This is a landmark agreement for Marula and the Kilifi Manganese Processing Plant. It marks a significant milestone for the company as we look to establish broad and long-term international partnerships, expand our mining and processing operations and enhance our profile with key industry players. 'We continue to work with key stakeholders here in Kenya and overseas to continue developing and growing Marula's battery and critical metals portfolio to production and with sales targeting the international markets. 'We are excited at the opportunities this relationship with Baosteel Resource provides and I believe it will strengthen our position in the manganese and other key sectors such as lithium and copper too.' Marula Mining formalised a deal to acquire 80% of Agarwal Metals and Ores, owner of Kenya's Kilifi manganese plant, in August 2024. "Marula Mining subsidiary inks manganese ore sale deal with Baosteel" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
