June 17, 2011 Zimbabwe mining sector in $1bn deal with development banks The Zimbabwe mining industry is expected to conclude a US$1 billion revolving facility at a number of African development banks to recapitalize mining firms as it emerges from a decade…
June 17, 2011 Tax issues at Konkola Copper Mines, First Quantum – Zambian Finance Minister Zambia's finance minister said on Thursday that audits had highlighted tax "issues" with Konkola Copper Mines (KCM), owned by London-listed Vedanta Resources (VED.L:Quote), and Canada's First Quantum Minerals (FM.TO: Quote)…
June 16, 2011 Investors are finally seeing value in deal-hungry super-profitable Brazilian giant Vale With a new government-backed CEO, a capex budget and acquisition war chest that dwarfs others, record net profits, a very generous dividend policy, strong fundamentals in its core business, aggressive…
June 16, 2011 Russia muscles in on Zimbabwe’s $5bn diamond stockpile SW Radio Africa news reports India has raised concerns as Russia is set to join China in moves to control diamond mining in Zimbabwe, with the Federation’s state diamond group…
June 16, 2011 Gold Mining in Eritrea Gold miners are expanding their focus in Africa to the northeast of the continent, a region that in the past, was largely bypassed by gold explorers. Northeast Africa already has…
June 16, 2011 Strong Demand from Antwerp, Declining Interest for Near Gem at Diamdel Diamdel sold 251 of the 256 rough diamond lots it offered at its recent auction. Demand for large goods, 2+ ct items, grainers and smaller goods increased compared to the…
June 16, 2011 FLSmidth Roymec integration is now complete Following FLSmidth’s acquisition of engineering and material handling specialist Roymec in November 2010, all Roymec personnel have now moved over to FLSmidth’s South African headquarters in Constantia Kloof, Roodepoort, creating…
June 15, 2011 Essar to process Zimbabwe iron ore if it decides to export Bloomberg reports Essar Africa Holdings Ltd., a unit of Essar Group, said it will process Zimbabwean iron ore before exporting it through a terminal it may build in Mozambique's port city…
June 15, 2011 Vale aims to spend over $12bn in Africa Brazilian miner Vale SA plans to spend over $12 billion on investments in Africa over the next five years, a mining conference heard on Wednesday. Brazilian companies, like their Chinese…
June 15, 2011 BHP, Minmetals, First Quantum to up Zambian copper exploration Bloomberg reports BHP Billiton Ltd., the largest mining company, Minmetals Resources Ltd. and First Quantum Minerals Ltd. are stepping up copper exploration in Zambia after prices for the metal more…
Indonesian forces rescue 18 Freeport workers from rebel siege in Papua The workers were fixing one of Freeport's electric towers in Tembagapura district in the mountainous Central Papua province. January 16, 2026 | 11:13 am
