South Africa based Mwana Africa Limited will need over US$26 million to revive its smelting plant next year and help sustain operations for Bindura Nickel Corporation, its subsidiary company located in Zimbabwe. The revival of the smelter at an estimated cost of US$26.5 million is envisaged to save the company’s …

With various fundamentals besetting the mining and energy sectors, several countries are looking at various cheaper and reliable options to remain sustainable and enhance economic growth and meet demands for their people. With the unstable copper, coal, gold, nickel afflicting the international metal market, most African mining companies have been …

The recently undertaken extensive geological surveys in Mozambique have revealed new mineral deposits-graphite, iron ore, among others-fueling hopes for the country’s economic growth in the Southern African state. According to Mozambique’s Mineral Resources Minister Esperance Bias, the mining industry in Mozambique is getting bigger, seen as great news to the …

The Ministry of Energy and Mineral Development in Uganda has started the process of revising some clauses in the mining laws to attract the highly mobile capital and finance needed to establish a modern and viable mining industry. The laws in question are; the Mineral Policy, which was put in …

Mozambique, one of Africa’s fastest emerging mining frontiers is dialoguing with its foreign coal mining partners’ to find ways of helping them ride out depressed markets following a free-fall of the price of the heating commodity, says its mineral resources minister, Esperance Bias. The price for thermal coal has plunged more than …

Zambia, one of Africa’s leading copper producers should initiate reliable and predictable policies to attract direct foreign investment into the mining and copper industry, the chamber of mines says. Chamber of Mines of Zambia, a consortium of foreign mining companies operating in Zambia says Zambia is still very competitive as …

Malawi President, Arthur Peter Mutharika seeks to transform the country-chiefly reputed as an agricultural – driven economy- into a mining frontier to assist accelerate its growth. With barely 60 days in office, having ascended to power on the Democratic Progressive Party (DPP) ticket in the country’s first tripartite elections, Mutharika looks poised …

Metorex Mining Limited, the South African based mid-tier mining group plans to spend over US$26 million to undertake exploration activities at its Chibuluma mine in Zambia over the next two years, says a mine official. General Manager Jack Sikamo said while the company already spent US$12.7 million in strategic capital …

Copperbelt Energy Corporation, Zambia’s supplier of electricity to mining companies on the Copperbelt has dragged Konkola Copper Mines to court over a US$30 million debt it is owed based on an internal agreement, the Post reported. Citing an affidavit filed before the Lusaka High Court, CEC wants KCM, a unit …

The African Union has noted Zambia’s resilience to improve its growth prospects and has attributed the good investment environment in the country to the Government’s good management of the economy and the prevailing peace. Ambassador Jean-Baptiste Natama, Chief of Staff of the Bureau of the Chairperson of the African Union …