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Tanzania revises up coal reserves to as much as 5bn tonnes

Tanzania has coal reserves of up to five-billion tonnes, more than thrice its previously stated figure of about 1.5-billion tonnes, Energy and Minerals Minister Sospeter Muhongo said on Wednesday. Tanzania produces coal from two mines mainly for domestic use, such as power generation. It has plans to increase its coal-fired …

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Gemfields warns of possible Zambia ban on overseas gemstone auctions

Aim-listed gemstone miner Gemfields has warned shareholders of a possible ban by the Zambian government on the sale of domestically mined gemstones outside of the country, which would severely impact on the company’s revenue. If instituted, the measures would prevent the company from freely selling its gemstones in the markets …

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Botswana advised to turn focus to power generation not exports

JOHANNESBURG  – Given Botswana’s vast coal reserves, which were estimated at 200-billion tons, the country’s coal mining industry should seek to encourage investment and drive expansion in power generation, rather than ramping up its thermal coal exports over the next few years, research firm Frost & Sullivan mining, manufacturing and …

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DRC releases Zambian ‘miners’

EIGHT Zambians that were arrested and prosecuted by authorities in Congo DR for illegal mining activities have been brought back into the country. EIGHT Zambians that were arrested and prosecuted by authorities in Congo DR for illegal mining activities have been brought back into the country. Mkushi district commissioner Christopher …

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Zambian Kwacha Expected to Weaken

The kwacha is expected to soften next week due to a strengthening of the dollar against other currencies and its long-term prospects are bleak given waning offshore investor interest in Zambian assets. Commercial banks quoted the currency of Africa’s top copper producer at 5.380 to the dollar on Thursday, down …

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