Monday, mining companies in the DRC said that proposed changes to mining code adopted by lower house of parliament would do lasting damage to investment.
Africa Mining News
Friday, TAZARA resumed transportation of copper which had halted on Tuesday after unionised workers went on strike.
With seven greenfield projects Denver gold miner on track to increase global share of gold production to 5%.
Vedanta Resources said Thursday its Zambian subsidiary KCM plans to set up new copper smelter, cobalt refinery and more under a $1 bln investment programme.
The $300 million deal, which incorporates the Great Noligwa underground mine and related infrastructure, is expected to boost Harmony's operational cash flow by 60%.
Strategy adds 2.1 million ounces to Tropicana's business plan and extends the mine life by seven years to 2027.
Company currently working on recovering the body.
The line is an important route for copper exports from Zambia and the Democratic Republic of Congo, Africa’s top copper producer.
Chief executive Bruce Cleaver said the changes were necessary to sustain De Beers' success as a business.
The country’s Ministry of Mines and Energy has renewed the Canadian miner's licence for ten years.
The egg-sized, 709-carat rough yellowish diamond was sold for $6.5 million to luxury jeweller Laurence Graff, chairman of Graff Diamonds.
Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards.
Diamond giant is investing in an open platform that will allow tracing a rock throughout the entire value chain — from mine to buyer.
Guinea has about a third of the world's bauxite reserves and expects to produce over 30 million tonnes in 2017. However, it has no facilities to transform those reserves into higher-grade alumina.
After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018.
As the world’s largest auto market, China was responsible for about half of the sales as the crackdown on polluting industries has propelled renewable alternatives from power generation to consumer products.
Following sharp rise in copper prices this year, ZCCM Investments Holdings wants to increase its stakes Zambia’s mines and expects higher dividend payments.
SALARIES for expatriates currently working in Africa are trending upwards after 85% of mining companies increased wages in 2017 according to African-specialist HR consultancy firm Globe 24-7.
Despite possible breach of banking agreements, company execs believe finances will improve following lift of Tanzanian export ban.
Decision comes in the wake of a full-scale investor revolt led by the Investor Forum, a London-based body representing some of the world’s biggest money managers.
Company says move paves the way for a lower-cost operator to take the diamond mine beyond 2020, when it is scheduled to close.
Process could lead to a listing of the business on the Johannesburg stock exchange, it said.
The mining sector in Africa is rapidly growing again. Junior mining companies are starting their first projects, bigger mining houses are expanding current operations as well as starting new prospective projects.
The Minister of Mines said his decision will be in place until the border with Niger is physically demarcated. However, violence has increased in the area in past months.
“Jean made an indelible mark on SEMAFO, both in terms of his corporate governance expertise and his 45 years of experience in Africa,” said CEO Desormeaux.