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Eastern Platinum Limited says it has concluded an agreement with Hebei Zhongbo Platinum Company Limited to buy Eastern Platinum’s entire South African platinum group metal business. According to African Mining.com, the acquisition is for a total consideration of $225 million in cash. The acquisition will include all major interests held …
Read More »LUCAPA TO START ALLUVIAL DIAMOND MINING AT LULO
Lucapa Diamond Company is poised to start alluvial diamond mining at its Lulo concession in Angola’s Lunda Province. According to a statement obtained by the Zambian Mining Magazine, the company said it was evaluating several debt financing options to fund the mining operations. It said the financing options in question …
Read More »SNC-LAVALIN BOOSTS OPERATIONS IN AFRICA
SNC-Lavalin has increased its engineering and construction capabilities in Africa with the recent acquisition of Kentz. Southern Africa SNC-Lavalin managing director Graeme Johnson said the acquisition ultimately enhanced the company’s ability to provide additional services and carry complex projects. “We are growing due to the broader focus this has given …
Read More »New Namibian gold mine sees first pour
Canadian mid tier gold miner, B2Gold, has announced the first gold pour at its new Otjikoto open pit mine in Namibia ahead of the original schedule according to Mining Africa Year (Press Watch). The company says Otjikoto is only the African nation’s second gold mine and has been one of …
Read More »Investors still eying Africa despite Ebola
Investors are still said to be betting on the future of Africa as a big emerging market opportunity despite the declining commodity prices and the outbreak of Ebola, it has been learnt. According to a latest online report carried by Mining.Com, not so long ago, declining commodity prices and the …
Read More »Indian group takes over marble quarry in Mozambique
Indian group Sarla will re-launch quarrying of marble deposits in Montepuez in Mozambique’s Cabo Delgado province, under the terms of an agreement signed last week with the government of Mozambique. Signed by the Minister of Mining Resources, Esperanca Bias, the agreement includes an initial investment of US$10 million and later …
Read More »Indian consortium receives first shipment of coal from Mozambique
The first shipment of coal mined in Mozambique by the International Coal Ventures Ltd consortium is due arrive to India on 24 November, said CS Verma, chairman of the consortium of Indian state-owned enterprises. Last July, ICVL, a consortium of the Indian state companies Coal India, Steel Authority of India, National …
Read More »MARTHINUSEN & COUTTS CARRIES OUT CRITICAL STATOR REWIND FOR N’ZILO HYDROELECTRIC POWER STATION IN THE DRC
Marthinusen & Coutts in consolidating its role as an integrated electrical and mechanical services provider for the power generation and other industries in Africa, has signed a contract at the N’Zilo hydroelectric power station in the Katanga Province of the Democratic Republic of the Congo (DRC). The contract included the …
Read More »DHL invests over EUR 30.5 million in new South Africa facilities
nvestments by DHL Global Forwarding and DHL Supply Chain entities underscore long term growth plans for the region Investment is key in developing South Africa as a logistics hub for the region DHL, the global market leader in the logistics and transportation industry today announced investments totaling EUR 30.5 million …
Read More »Malawi’s Duwi project is world’s richest in high grade graphite, other minerals – Report
After extensive drilling and exploration of the Duwi project in Malawi prospective owners, Sovereign Metals Limited, have affirmed the mineral project as one of the largest, high grade, flake graphite deposits in the world. The copper, gold and uranium exploration miner which was recently listed on the Toronto Stock Exchange’s …
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