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The World Bank is set to release the first tranche of its $120-million contribution to the fight against tuberculosis (TB) in Southern Africa’s mining sector during the first quarter of this year. The funds will initially be directed to assist current and former mineworkers in Mozambique, Lesotho, Malawi and South …
Read More »Congo delays ban on copper and cobalt ore exports
Democratic Republic of Congo has again delayed a ban on exports of copper and cobalt concentrate because it lacks enough electricity to process the minerals domestically, the mines ministry and chamber of mines said on Tuesday. Congo, which leads Africa in copper output and the world in cobalt production, first …
Read More »100Mt-plus copper resource defined at Botswana copper, silver play
A recent drilling campaign on the Zone 5 deposit at Cupric Canyon Capital subsidiary Khoemacau Copper Mining, in Botswana, has defined a 100-million-ton high-grade copper and silver ore resource, the company said on Tuesday. “This most recent drilling and feasibility work has established Zone 5 as one of the most …
Read More »Angola’s Laúca dam set to produce energy in 2017
The first two turbines of the Laúca hydroelectric dam on the Kwanza River in Angola are due to start operating in July 2017. The Brazilian company, Odebrecht, is responsible for the project and has announced that the turbines will have the capacity to produce 340 megawatts (MW) each. Kleriston Acácio, …
Read More »SA’s mining industry sees steep decline in financial performance impacted by a slump in commodity prices and increased cost pressures
SA’s mining industry sees steep decline in financial performance impacted by a slump in commodity prices and increased cost pressures The 2015 financial year has proved to be extremely challenging for South Africa’s mining industry. Local cost pressures, labour action, and a continuing downswing in commodity prices have resulted in …
Read More »Kenmare Resources increases export of minerals extracted in Mozambique
The production at a heavy sands project in Moma in northern Mozambique, recorded a 3.0 percent increase in the first half of the year, Irish company Kenmare Resources said Monday in a statement. The company said that production in the first six months of the year at its operation in Mozambique was …
Read More »Further cost cutting at Namibian Langer Heinrich mine
Australian uranium miner and owner of the Langer Heinrich mine, Paladin this week announced that it would cut costs further following an announcement last week that it was scalling down on its capital expenditure as the mining house adapts to a low uranium spot price. Said Paladin in a statement, …
Read More »Anglo American to shed thousands of jobs
LONDON-Global mining company Anglo American will shed about 6 000 jobs in the next couple of years as it fights rapidly deteriorating market conditions that have dragged its shares down to a 13-year low this week. The company, which posted a steep fall in first-half profit hurt by a rout in …
Read More »De Beers, Namibia strike 10-yr diamond sorting deal
The Namibian government and diamond miner De Beers on Tuesday announced the agreement, in principle, of the terms of a new ten-year sales agreement for the sorting, valuing and sales of all diamonds produced at the Namdeb and Debmarine operations, in Namibia. Once finalised, the agreement would become the longest …
Read More »Tanzanian govt reviews feasibility of Rukwa power plan
Marking a key step in the advancement of the flagship project to development stage, Aim-listed Edenville Energy has confirmed that the Tanzanian Ministry of Energy and Minerals (MEM) and power generation, transmission and distribution body Tanesco has started the review process of the Rukwa power plant’s feasibility study. The Rukwa …
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