International News

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 …

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, …

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 …

 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 …

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 …

GABORONE – Cupric Canyon Capital, a private equity firm backed by a unit of Barclays Plc, will spend $200-million to bring its copper-silver mine in Botswana to production, the company said on Tuesday.Construction of the mine, which will be built by Cupric’s Botswana unit Khoemacau, is set to start in 2016 …

GABORONE – Botswana’s government launched a bidding process on Tuesday to construct solar power plants near its huge Jwaneng diamond mine and for the nation’s northwest, where copper assets are being developed.“This invitation … is a request for expression of interest to construct, operate, maintain and decommission at the end of its …

Coloured gemstones miner Gemfields earned $29.3-million from the sale of rubies mined at its Montepuez deposit, in Mozambique. The Aim-listed company’s fourth auction of rough rubies from Montepuez, saw 46 companies placing bids, with the auction realising an average price of $617/ct. The auction, which took place from June 16 …

British company Xtract Resources has issued shares to partially finance the acquisition of a gold mining license in Manica province, Mozambique, the company said in a statement issued on Monday. This issue of almost 1.5 million shares generated a cash inflow of 4.4 million pounds, which will be used in the …

Indian thermal coal imports were expected to spike over the next few months, exceeding the 200-million-ton forecast for the current financial year, a senior government official has said. Indian thermal coal import projections for 2015/16 have already been increased to 200-million tons, but shipments could well increase by between 15% …