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African countries should ensure fair return from resource riches

Western Australian Premier Colin Barnett has urged African leaders not to be intimidated by global mining companies, but to ensure that their citizens received a fair return for their resource exploitation. Speaking at the first day of Paydirt’s Africa Downunder conference, in Perth, Barnett told delegates that while capital required a safe …

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Tanzania’s Stamigold eyes first gold production

Tanzania’s reputation as one of Africa’s best gold producers has been sustained with reports indicating that Stamigold, a subsidiary of the State Mining Corporation (STAMICO), will celebrate its first gold production in 2014 by importing new heavy duty machinery, African Mining Brief reports. The online mining, energy and power publication …

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KCM’s $30m debt may bankrupt CEC – lawyers

The matter in which Konkola Copper Mines has sued power supplier and Copperbelt based company, Copperbelt Energy Corporation in the Lusaka High Court came up with lawyers representing the power company indicating that failure by KCM to settle the over US$30 million debt would make the power company run into …

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South African Concargo makes “headways” into Africa

Mining and Construction Economic globalisation has resulted in an increasingly high demand for mined resources such as copper, coal and other precious metals. With the increase in mining, pressure from the public over ecological issues and meeting environmental codes has become a priority. Radical changes have been made in the …

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