January 1, 2012

Mining companies in Tanzania yet to pay raised royalty fees

Tanzanians are yet to start benefiting from the new mining law which raised royalty paid on precious minerals including gold from three to four per cent because mining companies haven’t…

January 1, 2012

Lack of transparency in mining sector killing Africa’s potential

Secrecy in handling mining contracts and lack of disclosure on oil and mining revenues are crippling Africa’s mineral potential, denying the continent billions of dollars as commodity prices rise.

January 1, 2012

Natural disasters, gold price among Top Mining Stories of 2011

2011 will go down as the year when the wind fell out of the sails of economic recovery and serious storm clouds gathered on the horizon.

December 30, 2011

Africa Resources to invest USD 3.5 million in Tanzania

East Africa Resources Limited has executed an Agreement with Korea Resources Corporation for KORES to invest in EAF's Mkuju South uranium project in Tanzania.

December 29, 2011

Zimbabweans displaced from diamond mines left empty-handed

They used to live on one of the world's richest diamond fields but now thousands of Zimbabweans await compensation after they had to make way for state-linked mining companies this…

December 29, 2011

Sale of Putu Iron Ore Project

Afferro signs definitive sale and purchase agreement to divest interest in the Putu Iron Ore Project for a minimum of US$115 million cash consideration.

December 28, 2011

Zimbabwe considering a ban on raw platinum exports

December 25, 2011

African Barrick Gold Mine faces multimillion dollar suit

Afrcan Barrick Gold (ABG) faces a multimillion court battle following its draconian decisions taken two years ago to freeze payments to Mwanza based firm, Simba Pipe Line, under the allegations…

December 25, 2011

De Beers, EU have cases to answer — Tomana

ATTORNEY-GENERAL, Mr Johannes Tomana, strongly believes world leading diamond company De Beers and the European Union have cases to answer for smuggling diamonds out of Zimbabwe and imposing illegal sanctions…

December 23, 2011

Banro expects 39 pct jump in DRC project resources

The Canadian explorer said estimated measured and indicated resources at its Namoya project have increased to 1.58 million ounces of gold