"At the end of the day it is an issue of balancing the needs of investors with the needs of the country"
Africa Mining News
Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries.
Today’s chart pulls its numbers from the recent 2018 Corruption Perceptions Index report, which has been published by Transparency International annually since 1995.
Zambia, Africa's No.2 copper producer, introduced a new 10 percent tax when the price of copper exceeds $7,500 per tonne.
Our target market is the southern African region at 1.2 million tons per annum, using a combination of road and rail transport.
The company is currently drilling close-spaced holes at the new discovery to better understand its controls and orientation.
"We need Eskom to be made into a much more efficient, cost-effective organisation"
Repair work in the fourth quarter slightly impacted production, but that was more than offset by surging vanadium prices as demand for the metal grows.
GoviEx Uranium is studying the possibility of powering its flagship Madaouela project in Niger using a renewable hybrid solar power solution.
UNDP says the Colluli potash project has the potential to significantly boost Eritrea’s economy and advance the country’s sustainable development agenda.
“Our actions are designed to sustain and create jobs, grow the economy, and contribute more to the treasury.”
The fiscus doesn’t have space for endless bailouts.
"Historically it was a world-class producer, so we know cobalt is there."
The precious gemstones miner has agreed, on a no-admission-of-liability basis, to settle claims brought against it by a group of 273 Mozambicans related to its ruby mine in northern Mozambique.
Mining companies now need to determine how to operate in a market that is characterized by rising stakeholder demands, a widening talent gap, as well as dwindling access to key inputs such as energy and water, says Deloitte in its latest annual report.
"Our commitment to the DRC, made 10 years ago when Randgold started developing Kibali, has not dimmed" - Mark Bristow
Since mining began in 2012 at Karowe, a total of 43 diamonds heavier than 200 carats have been recovered, including 12 stones larger than 300 carats.
Sherritt owns 50% of the Moa joint venture, and at Ambatovy it is the operator and holder of a 12% interest.
Petra has been seeking to turn around its fortunes after piling up debt to expand its flagship Cullinan mine in South Africa.
Angola has vowed to increase diamond production and per carat value, aiming to become a top 3 producer by 2021.
The miner said that significant amounts of saprolite-hosted gold mineralization was discovered.
“We don’t believe that threatening one’s partner is a constructive way to go about solving problems.”
The company expects its 2019 gold production to increase to 615,000 to 695,000 oz. gold and its AISC to remain in the $760 to $810 per oz. gold range.
"The markets are a reality, they are outside RBCT's control" - Nosipho Siwisa-Damasane, RBCT chairwoman.
After nine months of intermittent production caused by illegal strikes and social unrest, Tongon gold mine achieved its revised production target of 230,000 ounces for 2018, down from 288,680 the previous year.