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Indian thermal coal imports were expected to spike over the next few months, exceeding the 200-million-ton forecast for the current financial year, a senior government official has said. Indian thermal coal import projections for 2015/16 have already been increased to 200-million tons, but shipments could well increase by between 15% …

Democratic Republic of Congo said recently that Ivanhoe Mines’ sale of a stake in the Kamoa copper mine to China’s Zijin Mining should be suspended until concerns raised by the government can be resolved.Vancouver-based Ivanhoe announced last month that it would sell a 49.5% stake in Ivanhoe subsidiary Kamoa Holding …

Junior explorer Excalibur Mining has its eye on a manganese deposit in Zambia.The ASX-listed junior reported on Thursday that the company would partner with Pinto Minerals to acquire a 75% shareholding in Maybach Mining Services, which holds the early stage production asset.In exchange for its 50% interest in Maybach, with Pinto holding …

Zambia’s Copperbelt Energy Corp (CEC) and Old Mutual said they are in talks over a possible investment by the financial services group in a $205-million power station in Africa’s No. 2 copper producer.CEC, the largest supplier of power to mines in the southern African nation, would sell electricity from the …

Zambia’s government will cut mineral royalties for underground mines to 6%, lower than the 9% proposed earlier, the presidency said on Friday.“Mineral royalty tax will be reduced to 6% from the earlier proposed 9%. It will remain at 9% for openpit mines,” presidential spokesperson Amos Chanda told the media.The government …