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Government has given First Quantum Minerals more time to complete its analysis of what it owes after it was slapped with a $7.9-billion tax bill. According to the Finance Minister the government has audited major mining companies operating in the country, which include Vedanta Resources and Glencore. “They are doing …

Pan-African explorer Oranto Petroleum is farming into two exploration blocks located onshore Zambia, as part of the company’s first investment in the country. “Oranto Petroleum is committed to an aggressive work program to increase the level of prospectivity in one of the world’s last true frontier markets,” said Prince Aurthe …

Cummins’ Fleetguard has ensured that a haul-truck fleet achieve use rates of between 85 percent and 90 percent, after previously experiencing operational difficulties relating to substandard fuel qualities, which had reduced the fleet’s run-time capacity to 65 percent. “Since the solution was implemented in June 2017, the mine’s downtime reduced …

Weatherly International may soon close its doors, as its finances are unable to support its day-to-day operational requirements. As a result of the material uncertainty regarding the company’s operational and financial position, the directors have now appointed Simon Kirkhope and Andrew Johnson of FTI Consulting LLP as administrators to the …

GoviEx Uranium Inc. has closed a private placement financing of 35,674,911 units at a price of C$0.17 per Unit, with each unit consisting of one class A common share and one Class A common share purchase warrant for gross proceeds of C$6,064,734.87. According to the company, each warrant entitles the …