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New hope for the industry: sniffing out copper deposits

Geologists have developed a new and inexpensive technique to find copper deposits in volcanic rocks. With so much of the earth’s copper already dug up and companies desperately needing cost-effective ways to locate more reliable resources, could this technology prove to be a saviour?   The mining industry has faced …

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Anglo American’s finance chief Medori to retire in 2017

Global mining company Anglo American said finance director René Médori would retire in 2017 when he reaches the age of 60. Anglo American, which has been struggling with a slump in the price of commodities, said it was beginning a process to appoint a successor, and that Médori would continue …

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Zambia scales back mining royalties to 9%

Zambia has approved a proposal to drop a recent and controversial hike in mining royalties and it is returning to a tax system based on profit in a fresh effort to try solving a six-month standoff with miners over the increase. Tthe government has set mining royalties for both open-pit …

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Alecto secures partners for the Zambia gold project

Gold and base metals exploration and development company Alecto Minerals has signed an agreement with Chinese mining equipment manufacturer Yantai Xinhai Machinery and South Africa-based turnkey solutions provider PenMin for the proposed construction and financing of mining operations at Alecto’s Matala gold project, in Zambia. This followed the positive outcome …

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