The two new laws allow the government to force mining and energy companies to renegotiate their contracts.
Africa Mining News
The company also evacuated all of its employees at Namoya mine after trucks belonging to a contractor were caught in crossfire between soldiers and a local self-defence militia.
Only five out of the 19 illegal workers believed to have been at the pit when the accident happened have been rescued since Sunday.
Two of them are foreign firms.
Endeavour pays 48% premium to acquire Avnel Gold and its "shovel ready" Kalana project in Mali.
The funds from Beijing would contribute towards building 1,400 km of a planned 4,000 km railway network, which would connect bauxite mines and production sites.
Company will make final decision on its development by mid next year.
The firm, a joint venture between De Beers and the southern Africa country's government, plans to extend the lifespan of its Jwaneng mine beyond 2024.
The company, which owns the Cullinan mine that has produced the two largest diamonds in the British Crown Jewels, said output and revenue will be lower than market expectations.
Measure is part of a restructuring aimed at “protecting the viability” of the company’s South African business over the long-term, AngloGold said.
The South African firm has secured control of the gemstones producer and plans to delist it.
Metso investing $4 million in crusher wear parts manufacturing in Africa to meet growing demand from miners
Metso is increasing its manufacturing capacity for large crusher wear parts castings used in minerals processing by investing in a second melting furnace at the Isithebe foundry in South Africa. The EUR 3.5 million (almost $4 million) investment will ensure the availability of Metso’s heavy crusher wear parts globally.
Expansion opportunity comparisons for Africa have been likened to the growth stories of China or India at the infancy of their economic transformations
Manufacturers of products ranging from batteries to electronic devices, and wind turbines to hybrid cars, are scouring the world to secure critical supplies of rare earths
The company, which has been present in the south-eastern African country for more than a decade, says that by 2021 will be producing 3,000 tonnes of rare earths per year.
Pala Investments Limited, a multi-strategy investment company focused on the mining and metals value chain, is pleased to announce the closing of its investment in Cobalt 27 Capital Corp. in connection with Cobalt 27's public offering of 22,222,225 common shares in the capital of Cobalt 27 on June 23, 2017.
Gemfields has been at the centre of a bidding war between the South African private equity group and Fosun Gold, a unit of Fosun International.
Jeweller completes first export of responsible & conflict-free artisanal gold from Eastern Congo to Canada
First time any consumer good will be made out of conflict-free artisanal gold from Congo that is fully traced from mine to consumer
Hundreds of villagers near the North Mara gold mine in Tanzania invaded the mine for several days last week in an attempt to steal gold ore.
The Democratic Republic of Congo has all the ingredients of a sustainable mining industry but the development of that potential will require a mutually beneficial partnership between the country’s government and the mining sector.
South Africa-listed Pallinghurst now needs just 60% of Gemfields’ shareholders to back its unsolicited takeover offer.
The precious stones miner has recommended shareholders to accept offer, despite considering it “unfair.”
It’s a buyer’s market—if you know what you’re looking for.
Workers at the mine downed tools over a week ago, angered by the company’s actions to eradicate illegal miners from its operations.
The country will require local miners to be 30% black-owned and has set a 12-month deadline for them to comply with the new rules.