The current Covid19-related economic challenges both locally and throughout the Africa starkly highlight the need for pan-African companies and governments to support African supply chains, and in so doing, to boost economic activity on the continent. This can be achieved by procuring the production of goods and services for infrastructure and industrial projects via the…
Civil Society Organisations in Uganda are demanding that the government takes up appropriate action to close loopholes that are hurting mining tax revenues in the country. This call was made in reaction to the Auditor General’s Report which concluded that under assessment of payment of royalties in the mining sub-sector has led to loss of…
The gold price fell back on Tuesday as investors take profits on the best performing financial asset of 2020 — and turmoil on commodity and equity markets continues. On the Comex market in New York, gold for delivery in June, the most active contract, fell by as much as $49.20 an ounce, or nearly 3%…
ASX- and TSX-V-listed Jervois Mining has suspended its activities in Uganda in response to Covid-19, with no fixed remobilisation date yet. The miner said on Friday that measures have been undertaken to safeguard the health and safety of its employees, contractors and local communities. According to Jervois, timing of restart will “depend on the ability to reactive field…