mining

News

Continent to Get Harmonized Mining Code Soon
Stakeholders in the mining sector within the sub-region are putting in place a harmonized mining code that will ensure that respective countries maximize the full benefit of their natural resources.
Source : AllAfrica | 06-Oct-2008 17:50

Namibia: Mining Royalties to Be Compulsory - Cabinet
THE Ministry of Mines and Energy will amend a section of the existing Minerals Act to impose a royalty on all minerals mined or discovered in the course of prospecting operations.
Source : AllAfrica | 06-Oct-2008 17:15

Liberia: Trojan Horse Or Empathy
When the ancient Greeks could not defeat the people of Troy in war, they abandoned their siege and offered a giant wooden horse as a symbol of peace. But the horse was actually a hollow-out cart in which was hidden the best of Greek warriors.
Source : AllAfrica | 06-Oct-2008 15:48

Liberia: In the Dark - Delta Awaits Official Explanation
The government of Liberia, last month, disqualified the "declared winner" of the preliminary round of the Western Cluster Iron Ore bid, South Africa's Delta Mining Consolidated (DMC).
Source : AllAfrica | 06-Oct-2008 15:48

Nigeria: Wealth in the North (Sorry), Country
The Conference of Northern States Chambers of Commerce, Industry, Mines and Agriculture (CONSCCIMA) commences its Northern Nigeria Economic and Investment Summit (NEIS 2008) in Abuja today. This conference assumes a special significance.
Source : AllAfrica | 06-Oct-2008 14:08

Uganda: WB Gives $5 Million to Country's Mining Sector
Uganda is to receive a $5 million credit in additional financing from the World Bank to strengthen its mineral resource management in the wake of steady progress in the mineral sector over the past five years.
Source : AllAfrica | 06-Oct-2008 12:47

Botswana: AK6 Mining Licence Negotiations Extended Again
The government has extended negotiations for the mining licence for the AK6 diamond mine for the second time.
Source : AllAfrica | 06-Oct-2008 12:28

Zimbabwe: Youth in Mining to Launch Trust on Minerals
THE Youth in Mining will this month launch the Youth in Mining and Environment Trust, which is aimed at capacitating Zimbabwean youth in extracting minerals and exploitation of natural resources.
Source : AllAfrica | 06-Oct-2008 11:15

Zambia: Equinox Secures Extra $80 Million for Lumwana Project
EQUINOX Minerals Limited has announced it has secured a new loan facility of about US$80m for completion of its Lumwana project in Solwezi.
Source : AllAfrica | 06-Oct-2008 09:53

Zambia: We Commend Mining Loan
WE commend Equinox Minerals Limited for arranging the US$80 million loan facility for the completion of the Lumwana project in Solwezi.
Source : AllAfrica | 06-Oct-2008 09:53

Benin: Erosion-Inducing Coastal Sand Mining to Be Outlawed
Faced with rising sea levels and coastal erosion caused in part by coastal sand mining, carting away of free beach sand for commercial uses, the national government has begun a campaign to save its coastal sand by digging up sand inland, instead. But communities near these newly-created sand collection spots are fighting back.
Source : AllAfrica | 04-Oct-2008 08:47

Namibia: Onshore Diamond Production Down
The eventuality of a decrease in one of Namibia's major sources of income is increasingly becoming a reality with the onshore diamond production continuing to decline.
Source : AllAfrica | 03-Oct-2008 14:58

Tanzania: Govt Rejects Mwadui Acquisition
An investment row is simmering between the Government and South Africa's mining giant, De Beers, over the ownership of Williamson Diamond mine in Mwadui, Shinyanga Region.
Source : AllAfrica | 03-Oct-2008 11:40

Tanzania: Something Amiss, Mr Minister
It now nearly a month since Petra Diamonds Limited (Petra) - a mining company with operations in South Africa, Angola, Botswana, and Sierra Leone - announced that it had acquired a 75 per cent stake in Williamson Diamonds Limited (WDL) at Mwadui.
Source : AllAfrica | 03-Oct-2008 11:40

Uganda: Ekanya Insists On Leasing Osukuru
Tororo county MP Geoffrey Ekanya has said the proposed phosphate project at Osukuru hills would be accepted by the community if the developer acquired the land on lease.
Source : AllAfrica | 03-Oct-2008 10:58

South Africa: Decision Expected on Angloplat's BEE Credits
THE minerals and energy department expects to make a decision as soon as possible on the empowerment credits due to Anglo Platinum on yesterday's announcement of a deal involving Impala Platinum, Northam Platinum and Mvela Resources.
Source : AllAfrica | 03-Oct-2008 08:38

South Africa: Implats Stakes Billions on New Platinum Giant
PLATINUM producer Impala Platinum (Implats) yesterday unveiled its proposed R21,3bn takeover of two listed groups to form a new platinum giant to rival the scale of sector leader Anglo Platinum (Angloplat).
Source : AllAfrica | 03-Oct-2008 07:41

Guinea: State of Suspended Development After 50 Years of Independence
As regional leaders gathered in Conakry on 2 October to celebrate Guinea's 50 years of independence from France, on the other side of the capital, doctors emerging from a ten-day strike said when it comes to healthcare, there is little to celebrate.
Source : AllAfrica | 02-Oct-2008 22:58

Zimbabwe: Hwange Makes a Plan
HWANGE Colliery Company (HCC) has announced plans for a major recapitalisation drive this year, raising questions over whether the coal miner will ask shareholders for additional cash or seek offshore funding.
Source : AllAfrica | 02-Oct-2008 15:49

Zimbabwe: Zimplats Output Set to Increase
PLATINUM producer Zimplats Holdings has said it will increase output at its Zimbabwean operations despite concerns over lack of acknowledgement of the company's commitment to the country's economy.
Source : AllAfrica | 02-Oct-2008 15:28

Sierra Leone: Paramount Chief Embraces Gola
Paramount chief of Tunkia chiefdom, Kenema district Saturday reconciled with authorities of Gola forest programme operating in his chiefdom.
Source : AllAfrica | 02-Oct-2008 13:12

South Africa: Pamodzi Gold Secures Funding to Boost Mines
PAMODZI Gold's shares gained 4% or 5c to 120c on modest volumes of trade yesterday after it said it had conditionally secured half of the R400m financing it needed, after four months of negotiations.
Source : AllAfrica | 02-Oct-2008 12:35

South Africa: African Eagle Tests Big Nickel Find
AIM- and AltX-listed African Eagle Resources was prioritising the exploration of its promising nickel laterite discovery at Dutwa in Tanzania, MD Mark Parker said yesterday.
Source : AllAfrica | 02-Oct-2008 09:53

Optimism Over Platinum Metals Despite Price Drop
DEMAND for nickel and platinum group metals would be underpinned by the steel and engine catalyst sectors, but com modity markets would remain challeng ed in the coming year, Braemore Resources chairman David Humann said yesterday.
Source : AllAfrica | 01-Oct-2008 12:25

Resources Shares Take a Beating
RECENT widespread market turmoil has eliminated the gains notched up over the past 18 months by even the world's biggest and most diversified resources groups.
Source : AllAfrica | 01-Oct-2008 12:20

World Bank Approves $5 Million for Minerals Sector
The World Bank has approved an additional $5 million (about Shs8, 308,500,000) to support the Government of Uganda's capacity to develop a sound minerals sector to generate funds locally to support economic activities aimed at reducing the high poverty levels in the country.
Source : AllAfrica | 01-Oct-2008 11:19

South Africa: 'Licence to Mine in Xolobeni Stands'
MINERALS and Energy Minister Buyelwa Sonjica's decision to halt the mining of titanium in Xolobeni, Eastern Cape was not a suspension of the licence, but merely a delay in its execution, Jacinto Rocha, deputy director-general in the department, said yesterday.
Source : AllAfrica | 30-Sep-2008 12:08

Botswana: Acknowledgement of Power Hitches Advances AK6 Project
Shareholders in Boteti, De Beers, African Diamonds and Wati Ventures, are currently in the concluding stages of discussions with the government of Botswana to resolve all outstanding issues surrounding the development of the AK6 project, a statement from De Beers says.
Source : AllAfrica | 29-Sep-2008 16:59

'Arcelormittal's Gift of 100 Vehicles is Open Bribery'
The faith based media group Christian Media Center says the current government of Liberia lacks the rectitude to fight corruption.
Source : AllAfrica | 29-Sep-2008 11:59

Liberia: ArcelorMittal Cars Are Not 'Free Gifts'
A Presidential aspirant from the Free Democratic Party (FDP) in the 2005 elections in the country, Mr. David Farhat, has disclosed that the 100 pick-ups recently donated to government by Arcelor Mittal Steel Company are not free gifts.
Source : AllAfrica | 29-Sep-2008 11:35

Botswana: BCL Pays Over Half a Billion to Creditors
In a move that will see the Selebi-Phikwe-based copper and nickel company finally restructure its business, BCL has paid over half a billion pula to its creditors, which include the Government of Botswana.
Source : AllAfrica | 29-Sep-2008 11:18

Sierra Leone: Tecsbaco Clears Air in London Mining And Afro Mineral Tussle
In the midst of a controversy between London Mining and Afro Minerals, the managing director of TECSBACO has insisted that he legally transferred the lease to London Mining Company.
Source : AllAfrica | 29-Sep-2008 10:59

Uganda: Wakiso Residents Want Stone Quarry Closed
Residents of Kiryamuli Parish, Gombe Sub-county in Wakiso District have asked the government to halt operations of two stone quarries saying they are a threat to their lives and property.
Source : AllAfrica | 29-Sep-2008 10:13

South Africa: Minister Puts Licence to Mine at Xolobeni on Hold
A PROJECT to mine titanium in the Xolobeni region of Eastern Cape, granted to Transworld Energy and Minerals (TEM), has been stopped in its tracks by Minerals and Energy Minister Buyelwa Sonjica.
Source : AllAfrica | 29-Sep-2008 09:13

Mozambique: Australian Company Wins Coal Handling Tender
The Australian company Sedgman Limited has won the tender launched by Riversdale Mining, and its Indian partner, Tata Steel, to undertake a design and implementation agreement for a coal handling and preparation plant at Riversdale's Benga coal project in the western Mozambican province of Tete.
Source : AllAfrica | 29-Sep-2008 09:12

South Africa: Finality Soon on Ak06 Mine
DE BEERS Group and its partners in the AK06 diamond deposit in Botswana, African Diamonds and Wati Ventures, expect to reach an agreement by tomorrow's deadline on going ahead with building a mine.
Source : AllAfrica | 29-Sep-2008 09:06

South Africa: Coal of Africa Calms Investors
THE share price of emerging coal producer Coal of Africa gained 70c or 4,7% to R15,70 in early trade yesterday after it assured investors it had secured export lines and offtake contracts for several of its developing coal projects.
Source : AllAfrica | 26-Sep-2008 12:54

Mystery As Worker Kills Self At Major Gold Mine
Geita Gold Mine technician Rashid Nyoni, 54, has committed suicide by jumping into a cyanide reservoir, , police confirmed yesterday.
Source : AllAfrica | 26-Sep-2008 11:58

South Africa: Coal Boosts Yields and Reduces Costs
SA COAL Mining Holdings (SACMH) said yesterday it had lifted volumes, raised yields and cut costs at its Umlabu colliery, which was expected to improve the mine's performance this year.
Source : AllAfrica | 26-Sep-2008 10:51

South Africa: Diamondcorp's Lace on Track
DIAMONDCORP, the owner of Lace Diamond Mine near Kroonstad, has resolved initial operational problems and is on track to produce diamonds from the satellite pipe only two weeks later than expected.
Source : AllAfrica | 26-Sep-2008 10:51

UB Teams Visit De Beers Laboratory
The De Beers research and development arm in Johannesburg last week hosted two University of Botswana teams during which members of the faculty of engineering and library services toured the Research and Development and Geo Science laboratories.
Source : AllAfrica | 26-Sep-2008 09:57

Liberia: Arcelormittal Explains Donation Issue
In the wake of mixed reactions concerning the recent donation of 100 vehicles by Arcelormittal, the company yesterday issued a press statement commenting on the issue.
Source : AllAfrica | 25-Sep-2008 16:06

Liberia: Mittal Reacts to Civil Society Groups
Mittal Steel has sharply reacted to statements by groups from the civil society alleging that the 100 pick-ups recently donated to the government of Liberia by the company were intended to as bribery to win favor.
Source : AllAfrica | 25-Sep-2008 10:29

South Africa: Rising Diamond Prices Help Petra Transform Last Year's Loss Into Profit
DIAMOND miner and explorer Petra Diamonds turned last year's operating loss into a profit as it earned a full year of revenue from the Koffiefontein mine acquired from the De Beers group and experienced a period of strong diamond prices.
Source : AllAfrica | 25-Sep-2008 10:22

Africa: Natural Resources Should Benefit All Africans, Says Official
The United States is helping African countries use their own natural resources more wisely and leverage their wealth into strong economies and strong states for the benefit of all of their citizens, says Deputy Assistant Secretary of State for African Affairs Todd J. Moss.
Source : AllAfrica | 25-Sep-2008 10:11

'ArcelorMittal Expects Nothing in Return'
ArcelorMittal has clarified that recent donation of 100 vehicles to government was intended to help build its capacity and not to influence its decision towards the company.
Source : AllAfrica | 24-Sep-2008 16:11