Allana Resources Inc., update its previously announced acquisition of three mineral concessions in Ethiopia’s northeastern Danakil Depression totaling approximately 150 square kilometers (please refer to Allana’s September 17, 2008 press release). The project area is approximately 100 km from the Red Sea coast and 600 km via good roads from the deep water port of [...]

Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, today announced a U.S. $30 million initial investment in Salt Investment S.A. (SI). The company is a new Djibouti-based salt production and export company that will harvest, wash and export salt extracted from Lake Assal, the largest undeveloped salt [...]

The just completed fiscal year’s last tender for the purchase of the mineral tantalum floated by the Ethiopian Mineral Development SC (EMD) has been awarded to the Chinese company, Ningxia Non Ferros Metal Import and Export Corporation, on June 17, 2006.
Ningxia was the highest bidder paying 865,456 dollars for 20.332tn of tantalum. Central Africa Mining [...]