Tiomin halts titanium mining in Kenya over land disputes

Canadian mineral exploration firm Tiomin Resources said it had halted a massive titanium mining operation in Kenya over land issues and access to the site. In a statement, the company said a disagreement over land had spawned delays, causing costs to rise, forcing the project’s lenders to withdraw a 155 million dollar (120 million euro) debt facility that was in place. “The project development... 

Magnus International Resources Acquiring African Mineral Fields to Explore Mineral Opportunities in Africa

Magnus International Resources, Inc. announced today that it has entered into a letter of intent to acquire African Mineral Fields, a company which holds an exclusive option to acquire 100% interests in four gold projects in Uganda. The acquisition comes as part of Magnus’ decision to expand its mineral portfolio into Africa, which holds 55% of the known global gold resource and is experiencing... 

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