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Weatherly’s Kitumba acquisition on track

Weatherly recently announced that it has received a letter from Intrepid Mines Limited requesting an extension of the backstop date. The two parties were expected to work on concluding the deal by the 31 March 2018. Following the passing of the backstop date, Intrepid have requested an extension to 30 …

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Increasing mining services key to Africa

Southern African Development Community (SADC) believes increasing the demand for mining goods and services is necessary to grow the industry in Africa Seth Akweshie, Industrialisation Adviser for SADC made the announcement recently at the Cross-Border Mining Services Indaba, in Johannesburg citing that most inland developments in Africa have been established …

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Jinchuan’s profits surges on higher cobalt, copper prices

Chinese miner and metals trader Jinchuan Group International Resources has reported net profit fivefold bigger than a year earlier due to higher cobalt and copper prices. Jinchuan, which operates the Ruashi copper and cobalt mine, in the Democratic Republic of Congo, and the Chibuluma copper mine, in Zambia, posted net …

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Slow start for Kagem’s emeralds auctions

Kagem Mine has sold a total of US$10.8 million at the company’s auction in India recently. According to the company proceeds from will be fully repatriated, with all royalties due paid on the full sales prices achieved at the auction. The auction was of predominantly commercial quality rough emeralds mined …

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KCM, Government, workers mend relations

Konkola Copper Mines has announced intentions to bridge information and expectations gap that currently existing between the mine, the workers, the Unions, the local contractors and government. The company operates Copper mines in Chingola and Chililabombwe. Steven Dinn, KCM Chief Executive Officer said that the meeting was a start of …

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