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Top 40 miners recover from a race to the bottom

PwC Africa’s 14th edition of PwC’s industry series analysing financial performance and global trends – PwC’s Mine 2017 report has painted a positive outlook for the mining industry. This comes at the backdrop of bolstered balance sheets and a return to profitability in 2016, giving mining companies much-needed space to …

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Eastern Congo now supplying conflict free gold

Partnership Africa Canada’s (PAC) first responsible and conflict free artisanal gold supply chain is now operational in Eastern Congo’s Just Gold project. The global leader in developing innovative approaches to strengthen natural resource governance said Just Gold project is the first to successfully trace conflict-free and legal artisanal gold from …

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IMF projects economic improvement

International Monetary Fund says the country’s economic growth is expected to improve slightly to 3.5 percent in 2017. The Fund said sustaining the high inclusive growth in the future requires sound policies and reforms to improve competitiveness. IMF team welcomed the government’s fiscal consolidation plans which aim at putting public …

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TAKRAF Africa sees growth in Zambian mining economy

Key global mining, materials handling, minerals processing and equipment supplier, TAKRAF Africa is seeing growing demand in Zambia for a wide range of its technologies, from conveyor and stockyards systems through to dust control and solid liquid separation equipment. With the ability to provide innovative and advanced technologies and equipment …

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New broom ready to turnaround Tazara

Government says investment of $1.2bn over five years needed Tanzania-Zambia Railway (Tazara) needs US$200 million for upgrade, as authorities seek to resuscitate the line to serve both the copper industry and passenger train. Bruno Ching’andu, Tazara’s new Managing Director said the money will be used for new rolling stock and …

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Caterpillar to invest $1bn in Africa over the next five years

US mining equipment manufacturer Caterpillar, its independent dealers and the Caterpillar Foundation are to invest $1-billion in business, education and training across Africa over the next five years, chairperson and CEO Doug Oberhelman announced at the US-Africa Business Forum, in New York, last month. The news confirms Caterpillar’s long-term commitment …

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