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AFRICAN coal exploration and development firm Edenville Energy has secured Environmental Impact Assessment (EIA) approval for mining at the Namwele and Mkomolo near Lake Rukwa in Tanzania. The EIA report was submitted to the National Environment Management Council (NEMC) in December 2013, following field studies and analysis in conjunction with …
Read More »Master Power’s R&D Department Stresses Innovation
South African electricity supplier, Eskom recently announced intentions to reintroduce load shedding as South Africa is experiencing winter. The detrimental factors to this course of action are obvious, including the disruption of business and income generating activities. Therefore, continuous power management solutions are essential. Master Power Technologies, with operations in South Africa …
Read More »Ethiopian Gold earnings drop 30 percent
Earnings from proceeds of gold sales in Ethiopia, one of Africa’s leading producers of the metal dropped 30% as global market demand slumped, according to a report. The ministry of trade in Ethiopia said the slump in gold production has resulted in the north African state earning a paltry US$369.31 …
Read More »Glencore to cuts jobs in Namibia
Glencore Xstrata, the Switzerland based and diversified miner seeking to increase jobs at its Zambian operations-Mopani Copper Mines to accelerate its copper and cobalt production, has a contradictory objective in the neighboring Namibia. The diversified and one of the global commodity traders, in Namibia, wants to cut the same …
Read More »Mozambique Pursues New Mining Laws
Critically anticipated legislation changes intended to regulate the mineral potential of Mozambique, thus help it come to full realization, hinges on the Government’s determination to revoke previous ‘archaic’ laws that impede growth. Realising that the mineral wealth of the country had in 2013 alone generated over US$2 billion for the …
Read More »Indian Multinational Stakes US$50 Million for Tanzanian Mine
As the exploration and search for minerals continues on the African continent, several multinational companies have shown eagerness to maximize on this mineral potential in the 54-member states. Among the countries that have in recent months attracted scores of multinational companies is Tanzania, courted by National Mineral Development Corporation (NMDC) …
Read More »Angola plans to start Operating Diamond cutting factory this year, says Mines minister
Angola plans to start operating its diamond cutting factory in March this year to make use of the entire diamond value chain, local media has reported-citing a Government official. The Angolan Minister for Geology and Mining, Francisco Queiroz told local media that the new factory was part of the National …
Read More »Government to Raise coal tax
Mozambique is close to finalising a new fiscal regime for its mining and petroleum sectors and may raise royalty taxes for coal, its key export commodity, the deputy mines minister said recently. “We are in discussions, so we don’t know what will happen but probably we will change some of them,” …
Read More »Angola International Mining Fair to take place in April
The fifth edition of the Angola International Mining Fair (FIMA) is due to take place from the 24th to 27th of April, in the capital city at the Luanda International Fair (FILDA) venue, This is according to a recent statement made available by the organisers of the fair. The annual fair is organised …
Read More »Indian Parastatal buys into a natural gas block in Mozambique
ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have completed the acquisition of Videocon Group’s 10 per cent stake in a giant Mozambique gas field for $ 2.475 billion, according to the company statement released yesterday. OVL, the overseas arm of the Indian state-run explorer Oil & Natural Gas …
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