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Kenmare works to restore Moma mine power after floods in Mozambique

LSE-quoted Kenmare Resources is working to restore full power to its Moma titanium minerals mine, in northern Mozambique, after floods damaged the power line supplying grid power. The titanium minerals producer said it was operating diesel generators to continue processing heavy minerals concentrate, magnetic and nonmagnetic concentrate stocks and exporting product, with any available power supply alternated between the mineral separation plant and wet concentrator plant …

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Angola’s Endiama plans to buy gold to make jewellery

Angola’s national diamond company Endiama this year plans to purchase gold to make jewellery from the Central African Republic, the Democratic Republic of the Congo, Niger and Mali, the company’s chairman said in Cape Town. Sumbula told a group of investors at the International Conference on Mining Investment in Africa …

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Indian group Jindal Africa to remain active in Mozambique

Jindal Africa will remain active in Mozambique, despite the sharp drop in the price of coal on the international markets, the Chief Executive Officer of Jindal Africa Investments group said recently. The price of coal per ton has fallen from US$250 to a current average of US$100 and several mining …

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Mozambique’s energy sector sees investments of US$3.2 billion in 2014

The Mozambican energy sector received the largest amount of in investment in 2014 in projects through the Mozambique Investment Promotion Centre (CPI), attracting over US$3.238 billion for just five projects. The CPI data showed that the sector accounted for 45.6 percent of total investments approved by the government agency, which …

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Kenmare forced to cut employees at Moma to save costs

Despite injecting major time and effort into reducing its unit costs to conserve cash at its Moma minerals sands project in Mozambique, and achieving some success, LSE/ISE-listed minerals sands miner Kenmare Resource has declared its actions to date insufficient. According to the company, it needs to cut costs in order …

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Gold mines in Ghana to be sold over power problems

Some gold mines in Ghana are about to be closed mainly due to power shortages that interfere with operations. The Chamber of Mines in Ghana has declined to name the mining companies. The Chamber has continuously called for lower taxes on diesel but the government wasn’t fast enough to provide for a solution …

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‘Squeezed’ mining sector needs urgent solutions

Mining is being squeezed between low commodity prices and rising expectations from government and civil society, but is still struggling to find practical strategies out of this predicament, according to SRK Consulting (SA) chairperson and corporate consultant Roger Dixon. Commenting from the African Mining Indaba held in Cape Town recently, …

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African Mining Indaba woos notable visionaries

The 2015 Investing in African Mining Indaba scheduled for February 9 – 12 in Cape Town South Africa will feature an array of globally recognised economic visionaries, mining thought leaders and some of Africa’s largest deal-makers. About 7000 delegates from more than 110 countries will attend the Indaba and listen …

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Is Kabila targeting Moise Katumbi?

President Joseph Kabila says despite Katanga Province boasting huge investments amounting to US$10 billion, people in the area are still wallowing in abject poverty. President Kabila said that while a chain of trucks carrying minerals were continuously leaving Kolwezi for Kasumbalesa, the population in the area was languishing in abject …

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Eastern Platinum, Hebei Zhongbo seal acquisition deal

Eastern Platinum Limited says it has concluded an agreement with Hebei Zhongbo Platinum Company Limited to buy Eastern Platinum’s entire South African platinum group metal business. According to African Mining.com, the acquisition is for a total consideration of $225 million in cash. The acquisition will include all major interests held …

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