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DR Congo, Guinea others join EITI

Mineral-rich Democratic Republic of Congo and Guinea are among the new countries that have joined the Extractive Industries Transparency Initiative (EITI) as full members after compliance of the agency’s set rules. DR Congo joins among other African countries, Zambia in the initiative to remain transparent in its dealings on minerals including ensuring …

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“Use mining revenue to improve social sector,” says United Kingdom

“African Governments and mining companies that they host should co-exist in ensuring that the revenues realised from mining activities are translated into improving people’s welfare,” a United Kingdom official says. Lynne Featherstone, the United Kingdom’s Minister for International Development urged mining companies and African governments to ensure that mining revenues helped to …

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Rukwa coal project in Tanzania Gets Approval

AFRICAN coal exploration and development firm Edenville Energy has secured Environmental Impact Assessment (EIA) approval for mining at the Namwele and Mkomolo near Lake Rukwa in Tanzania. The EIA report was submitted to the National Environment Management Council (NEMC) in December 2013, following field studies and analysis in conjunction with …

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Master Power’s R&D Department Stresses Innovation

South African electricity supplier, Eskom recently announced intentions to reintroduce load shedding as South Africa is experiencing winter. The detrimental factors to this course of action are obvious, including the disruption of business and income generating activities. Therefore, continuous power management solutions are essential. Master Power Technologies, with operations in South Africa …

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Ethiopian Gold earnings drop 30 percent

Earnings from proceeds of gold sales in Ethiopia, one of Africa’s leading producers of the metal dropped 30% as global market demand slumped, according to a report. The ministry of trade in Ethiopia said the slump in gold production has resulted in the north African state earning a paltry US$369.31 …

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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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