This is a landmark transaction for Vedanta, which is joining domestic peers in catching the flood of US dollars being unleashed by central banks.
Moves to tighten tax collection and enforcement are a natural accompaniment to more stringent fiscal and local content regimes.
New rules likely to come into force by mid-May.
World’s No. 1 emerald producer hits steepest decline in more than four years.
Large buyer sees the most metal on offer for the first time in seven years.
They'll go from $340 to $5,400 beginning this month.
The measure comes in response to violations of safety and environmental laws and a failure to pay mineral royalties.
Foreign firms pouring $3 billion into the sector.
THE International Finance Development Corporation (IFDC) has signed a US$400-million investment deal with a local firm for the development of the greenfield copper and emerald mines which will create 6,000 jobs.
Pay and working conditions have become a thorny issue in Zambia particularly when it comes to the many Chinese-run mines in the country.
Brazil's Vale (NYSE:VALE) announced it has started producing copper concentrate at its Lubambe mine in Zambia.
Government officials told reporters today that Zambia aims to start publicly declaring the entirety of its mining revenues by the end of this year amid heightened efforts to increase transparency throughout the sector.
Zambian Finance Minister Alexander Chikwanda told reporters today that the government will invest USD 120 million to rehabilitate a railroad line between the largest producer of copper in Africa and South Africa.
A Chinese supervisor died on Saturday after being hit by a trolley pushed at him at the Collum mine in Zambia during a dispute over minimum wages.
The Vancouver-based miner inked a deal with a Zambian firm for a new mine on Monday adding to its already ambitious expansion plans totalling $3.7 billion which includes building one of the world's largest copper smelters.
Barrick Gold, the world's largest producer of the precious metal, reported higher-than-expected operating costs and a massive capital cost over-runs on Thursday in its first quarterly report since letting go CEO Aaron Regent in June.
China Gold International Resources is acquiring China Nonferrous Mining Corporation Limited for HK$155.1 million.
Denison Mines Corp shed 1.2% on Wednesday bringing its losses over the last week to 19% ahead of quarterly results that showed the company widened losses to $51.9 million.
With huge investments in Peruvian copper, Chinalco Mining, a division of the giant Aluminum Corp of China, follows another Chinese state-owned miner to the Hong Kong market to raise money.
China's state-owned CNMC's Hong Kong IPO could raise as much as $500 million.
Production at Blanket in Zimbabwe doubled and the Toronto-based company said it paid direct and indirect taxes, royalties, licence fees, levies and other monies to the Government of Zimbabwe totalling $13,6 million.
First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM)(LSE:FQM) today issued the mineral resource and reserve estimates for its Sentinel copper project in Zambia. The project is part of the Trident project that is located approximately 150 kilometres west of the Company's flagship Kansanshi mine.
More trouble is looming on the horizon for First Quantum Minerals and other companies operating in Zambia.
First Quantum Minerals (TSX:FM), is going to court over a disputed labour agreement at its Zambia copper mine, after talks between the company and unions collapsed.
Caledonia, worth $57 million on the TSX, is up 35% so far this year and ten times the usual volume of 131,000 shares changed hands on Monday.
Serial mega-mine developer Robert Friedland said in early February that Ivanplats will be developing the Kamoa mine in the DRC, Africa’s largest copper project that will have a lifespan that can be “measured in generations as opposed to decades.”
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