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Democratic Republic of Congo said recently that Ivanhoe Mines’ sale of a stake in the Kamoa copper mine to China’s Zijin Mining should be suspended until concerns raised by the government can be resolved.Vancouver-based Ivanhoe announced last month that it would sell a 49.5% stake in Ivanhoe subsidiary Kamoa Holding …
Read More »Junior miners perceive Botswana as best investment destination
Botswana is the easiest country in which to carry out junior mining activities, a digital vote declared on the first day of the Junior Indaba here on Wednesday.Botswana received the highest vote from the 160 people attending the conference.Botswana at 42% of the digital vote had double South Africa’s 21%, with …
Read More »Acacia Mining contributes $675M to Tanzanian economy in 2014
Underground at Acacia Mining’s Bulyanhulu mine A report recently released by EY has demonstrated the significant impact that African gold miner Acacia Mining’s activities in Tanzania continue to have on the country’s economic development. Entitled Acacia Mining Total Economic and Tax Contributions in Tanzania, 2014, the report demonstrated that in 2014, Acacia purchased …
Read More »Triton raises funds to advance the Mozambique project
Minerals developer Triton Minerals has raised A$12-million through a share placement to a Hong Kong investor, institutional groups and sophisticated investors. The miner said on Monday that it had placed some 34.3-million shares, at 35c each, to raise the funding that would enable Triton to rapidly progress the definitive feasibility …
Read More »Tanzania gets $45m World Bank loan to improve the mining sector
The World Bank has approved a $45-million loan for Tanzania, Africa’s fourth-biggest gold producer, to help improve its mining sector especially among small-scale producers.The funds will help to create a viable domestic mining industry in poor, rural areas where unregulated artisanal and small-scale mining takes place, Philippe Dongier, the Bank’s …
Read More »Montepuez Ruby Mining holds fourth auction of rubies mined in Mozambique
Montepuez Ruby Mining is due in June in Singapore to hold its fourth auction of rubies in the rough mined in Mozambique, company director Rami Raimundo Pachinuapa said cited by Mozambican daily newspaper Notícias. Pachinuapa said this auction would provide revenue of US$50 million, after a previous auction held in …
Read More »Construction advances at Zim Tungsten mine
The fabrication of the process plant for Aim-listed Premier African Minerals’ 49%-owned RHA tungsten project, in Zimbabwe, is expected to be completed by the end of May. The majority of the plant components had been delivered to Appropriate Process Technologies (APT), in Johannesburg, with the main outstanding component being the …
Read More »Congo copper and gold production jumps in Q
Copper and gold production in Democratic Republic of Congo rose sharply in the first quarter of 2015, despite continuing uncertainty about a proposed revision of the mining code.Congo, which vies with Zambia to be Africa’s leading copper producer, mined 279 573 t of the metal during the quarter, according to …
Read More »Areva remains committed to Namibia despite depressed Uranium Prices
DESPITE a weak uranium oxide price and the perception that the Trekkopje mine in Erongo has closed down, Areva Resources Namibia remains committed to eventually being a major contributor to the national economy and social enhancement.This was the message of the company’s managing director Hilifa Mbako at the launch of …
Read More »Kwale performance keeps up – Base
Mineral sands miner Base Resources has reported another solid quarter from its Kwale project, in Kenya, with heavy mineral concentrate (HMC) production up 24% over the previous quarter, from 166 000 t to 206 000 t.The miner said on Friday that a focus on debottlenecking the wet processing plant’s capacity had enabled …
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