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Democratic Republic of Congo ‘will not change mining code

DEMOCRATIC Republic of Congo’s Mines Minister Martin Kabwelulu said he has dropped plans to change the mining code in Africa’s biggest copper producer after opposition from mining companies. “The mining code, which is currently in place, will stay in place,” Mr Kabwelulu said at a speech to investors in Cape …

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ZCCM-IH announces plans for an ambitious diversification programme

ZCCM Investment Holdings PLC (ZCCM-IH) says it has embarked on an ambitious diversification programme which will see its interests extended to the manufacturing, power generation, agriculture and real estate sectors. ZCCM-IH Chief Executive Officer, Dr. Pius Kasolo told delegates to the 2016 Investing in African Mining Indaba in Cape Town …

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Copper loses its shine, for now

Plunging copper prices have pushed the copper industry into a quandary, with global demand deteriorating to an even worse extent than many people realise, Bernstein senior research analyst Paul Gait told delegates at the 2016 Investing in African Mining Indaba this week. Gait noted, however, that copper was fundamentally scarce …

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M&R, EGMF to set up DRC company at Mining Indaba

Underground mining services company Murray & Roberts (M&R) Cementation, together with Enterprise Generale Malta Forrest SA (EGMF), will be setting up a joint company in the Democratic Republic of Congo (DRC) to serve the mining industry in Central Africa. Johannesburg-based M&R Cementation, with a range of capabilities covering the full …

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Gold miner Acacia looking beyond Tanzania

Gold mining company Acacia Mining is looking to go beyond Tanzania into Kenya and West Africa. Acacia CEO Brad Gordon told the 2016 Investing in African Mining Indaba that the company’s growth had stemmed from a focus on business fundamentals, people and relationships. Gordon spends a lot of time on …

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