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Some gold mines in Ghana are about to be closed mainly due to power shortages that interfere with operations. The Chamber of Mines in Ghana has declined to name the mining companies. The Chamber has continuously called for lower taxes on diesel but the government wasn’t fast enough to provide for a solution …
Read More »‘Squeezed’ mining sector needs urgent solutions
Mining is being squeezed between low commodity prices and rising expectations from government and civil society, but is still struggling to find practical strategies out of this predicament, according to SRK Consulting (SA) chairperson and corporate consultant Roger Dixon. Commenting from the African Mining Indaba held in Cape Town recently, …
Read More »African Mining Indaba woos notable visionaries
The 2015 Investing in African Mining Indaba scheduled for February 9 – 12 in Cape Town South Africa will feature an array of globally recognised economic visionaries, mining thought leaders and some of Africa’s largest deal-makers. About 7000 delegates from more than 110 countries will attend the Indaba and listen …
Read More »Is Kabila targeting Moise Katumbi?
President Joseph Kabila says despite Katanga Province boasting huge investments amounting to US$10 billion, people in the area are still wallowing in abject poverty. President Kabila said that while a chain of trucks carrying minerals were continuously leaving Kolwezi for Kasumbalesa, the population in the area was languishing in abject …
Read More »Eastern Platinum, Hebei Zhongbo seal acquisition deal
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 …
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