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.
The Board of Directors of the African Development Bank (AfDB) Group have approved a €12mn senior loan with a 15-year tenor, including a five-year grace period, to finance the Dakar-Diamniado toll highway in Senegal.