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Wargan Holdings, a company whose share capital is 100% owned by Russian group Alrosa, has acquired the 16.4% stake held by Odebrecht Mining Service Investments in the Catoca Mining Company (Sociedade Mineira de Catoca – SMC), according to an order published in Angola’s official bulletin, Diário da República. According to …

As part of effort to speed up radiological diagnostic services for the Konkola Copper Mines medical services, the company has commissioned new x-ray medical facilities at it Nchanga South Hospital. Valued at US$135 000, the facilities will serve a catchment population of over 63 000 in four towns – Chililabombwe, …

COPPER hit a two-week low on Monday, weighed down by a stronger dollar and as the market consolidated following sharp gains in December, while zinc again reached its highest in more than a decade on supply concerns. The dollar rose against the euro, making dollar-priced metals costlier for non-U.S. investors, …

Mineral resource focused company GoviEx says preliminary economic assessment (PEA) for the expanded Mutanga envisions an average annual production rate of 2.4 million pounds of U3O8 yellowcake over an initial 11-year mine life. According to the PEA the initial capital costs are estimated at US$123 million, with estimated cash operating costs …

Australian company Weatherly has announced that its intentions to acquire Kitumba copper project is being held by the vendor, Intrepid Mines Limited. According to the company one of the items to be resolved ahead of the deal expected to be sealed in February is the shareholder approval which is one of …