January 5, 2019

Zambia Vedanta unit halts operations at underground mine on tax concerns

Konkola Copper Mines (KCM), majority owned by Vedanta, suspended operations at its Nchanga mine following the introduction of an import duty on copper concentrates, the company said.

January 4, 2019

Investment in cobalt is fraught with problems and is unlikely to bring about long-term dividends

Global demand for cobalt is rocketing, with the rate of annual increase now at 8-10%.

January 4, 2019

The mining world watches as Congo counts votes for next leader

The Democratic Republic of Congo is in uncharted waters as the nation awaits election results marking the end of President Joseph Kabila’s rule.

January 4, 2019

Zambia says audit shows mining firms in arrears to government

Mining companies have been demanding Zambia pay the $550-$600 million due to them in Value Added Tax (VAT) refunds.

January 4, 2019

Congo slashes cobalt output estimate for Jan-Sept 2018

The revision means that output of cobalt rose 35.9 percent compared to the same period in 2017, rather than 92.5 percent as the bank said previously.

January 3, 2019

Zambia says mines have failed to show impact of higher taxes

The Chamber of Mines said that as a result of the changes, more than 58% of Zambia's copper producers would be loss-making at current prices.

January 3, 2019

Centamin reshuffles board amid production hitches at Sukari mine

Josef El-Raghy had moved from executive chairman to chairman, as the search for a successor continues.

January 2, 2019

Rio plans to delay ex-CEO’s bonus again amid Guinea probe

Rio said it would postpone any short- and long-term incentives owed to Sam Walsh for a minimum of two years. Rio is now planning to extend that time period.

January 2, 2019

New era for Barrick Gold begins

Barrick now trades as GOLD in New York and continues as ABX in Toronto.

January 2, 2019

Blackwater founder launches fund to invest in electric car battery metals

The founder of the US private security company aims to raise as much as $500 million to invest in deposits of metals such as cobalt, lithium and copper.