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Glencore to cuts jobs in Namibia

  Glencore Xstrata, the Switzerland based and diversified miner seeking to increase jobs at its Zambian operations-Mopani Copper Mines to accelerate its copper and cobalt production, has a contradictory objective in the neighboring Namibia. The diversified and one of the global commodity traders, in Namibia, wants to cut the same …

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Mozambique Pursues New Mining Laws

Critically anticipated legislation changes intended to regulate the mineral potential of Mozambique, thus help it come to full realization, hinges on the Government’s determination to revoke previous ‘archaic’ laws that impede growth. Realising that the mineral wealth of the country had in 2013 alone generated over US$2 billion for the …

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Indian Multinational Stakes US$50 Million for Tanzanian Mine

As the exploration and search for minerals continues on the African continent, several multinational companies have shown eagerness to maximize on this mineral potential in the 54-member states. Among the countries that have in recent months attracted scores of multinational companies is Tanzania, courted by National Mineral Development Corporation (NMDC) …

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Angola plans to start Operating Diamond cutting factory this year, says Mines minister

Angola diamond cutting

Angola plans to start operating its diamond cutting factory in March this year  to make use of the entire diamond value chain, local media has reported-citing a Government official. The Angolan Minister for Geology and Mining, Francisco Queiroz told local media that the new factory was part of the National …

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Government to Raise coal tax

Mozambique is close to finalising a new fiscal regime for its mining and petroleum sectors and may raise royalty taxes for coal, its key export commodity, the deputy mines minister said recently. “We are in discussions, so we don’t know what will happen but probably we will change some of them,” …

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Angola International Mining Fair to take place in April

The fifth edition of the Angola International Mining Fair (FIMA) is due to take place from the 24th  to 27th of April, in the capital city at the Luanda International Fair (FILDA) venue, This is according to a recent statement made available by the organisers of the fair. The annual fair is organised …

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Indian Parastatal buys into a natural gas block in Mozambique

ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have completed the acquisition of Videocon Group’s 10 per cent stake in a giant Mozambique gas field for $ 2.475 billion, according to the company statement released yesterday. OVL, the overseas arm of the Indian state-run explorer Oil & Natural Gas …

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Congo delays copper concentrate export ban until year-end

Democratic Republic of Congo has delayed until year-end a ban on exports of copper and cobalt concentrates designed to encourage miners to refine the red metal within its borders, a senior Mining Ministry official said last week. Several emerging resource-rich nations have sought to discourage export of concentrates – the …

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Tiger smashes production records at Kipoi

Tiger Resources Ltd said it produced a record 4,422t of copper concentrate in June from its Kipoi copper mine in the Democratic Republic of the Congo. The output is 47% above the plant’s nameplate capacity and 10% higher than the previous monthly record of 4,007t achieved in March, Tiger said. …

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Tanzania revises up coal reserves to as much as 5bn tonnes

Tanzania has coal reserves of up to five-billion tonnes, more than thrice its previously stated figure of about 1.5-billion tonnes, Energy and Minerals Minister Sospeter Muhongo said on Wednesday. Tanzania produces coal from two mines mainly for domestic use, such as power generation. It has plans to increase its coal-fired …

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