IFC, a member of the World Bank Group, today agreed to invest £3.4 mn in
Nyota Minerals Ltd to support a gold exploration project that is expected
to provide jobs and government revenues to Ethiopia once the mine is
developed.

The World Bank has approved a US$50mn grant to the Democratic Republic of Congo to increase transparency and accountability in the mining sector so that the income from natural resources will be used for inclusive and sustainable growth.

Tata Steel, the world's seventh largest steel producer, expects coal production from its joint venture project in Mozambique to touch 5.3 million tonnes (MT) by 2011.

The Board of Directors of the African Development Bank (AfDB) approved, in June 2010, a US$25mn equity investment in the second New Africa Mining Fund.

Bobcat has launched a new family of dipper stick mounted Hydraulic Clamp attachments for the company’s range of mini-excavators from 1 to 6 tonnes.