Proposed mining laws show SA Govt has learnt nothing
SOUTH Africa’s mining industry is “crawling on the floor” while mining in Australia, Canada, America and the rest of Africa is on a conveyor belt, says Peter Major, veteran…
Zambia accuses Emirati partner of Mopani breaches
ZAMBIA’S state-owned ZCCM Investments Holdings (ZCCM-IH) has accused Abu Dhabi’s International Resources Holding (IRH) of “pervasive and sustained” breaches of agreements under…
Zambia’s ZCCM-IH accuses Abu Dhabi IRH of Mopani breaches
ZAMBIA’S state investment firm has accused Abu Dhabi-backed International Resources Holding of breaching agreements linked to its control of Mopani Copper Mines, Bloomberg…
Gemfields takes $125m hit at Montepuez ruby mine
GEMFIELDS expects to report a $73.5m loss for the six months to June after taking a $125.2m impairment against its Montepuez ruby mine in Mozambique, where it recovered fewer…
Jubilee Metals eyes sale of Tjate Platinum project
JUBILEE Metals is considering selling its long-held Tjate platinum group metal (PGM) project after receiving expressions of interest in the South African asset, and as it puts…
What resource nationalism means for Africa’s miners
Governments across Africa are seeking to assert greater control over their mineral wealth by rewriting mining codes, demanding larger equity stakes or greater local…
Exxaro sells Moranbah South to Aussie miner for R1.68bn
EXXARO Resources has sold its stake in Australian metallurgical coal mine Moranbah South to Stanmore Resources, a Brisbane-based coal producer, for $105m (R1.68bn). The South…
Zambia targets $1.8bn from small-scale gold mining
ZAMBIA could unlock more than $1.8bn from its small-scale gold industry by bringing informal production and trading into the formal market, Bloomberg reported. Kakenenwa…
India, Zambia restart critical minerals talks
India has resumed talks with Zambia over potential investments in copper and other critical minerals as it looks overseas to secure raw materials for its growing economy, Reuters…
Zambia’s state mining investor targets $7bn valuation
ZAMBIA’S state-controlled mining investor is considering a share sale to boost liquidity and meet local listing requirements, Bloomberg reported. ZCCM Investments CEO Kakenenwa…
Congo copper corridor set for $1bn US boost
MOTA-Engil is set to sign a 30-year concession to rehabilitate and operate a key copper and cobalt railway in the Democratic Republic of Congo, according to Bloomberg. The…
Atomic Eagle returns to Niger’s Madaouela uranium project
ATOMIC Eagle has agreed terms with the Republic of Niger to re-establish its interest in the Madaouela uranium project, which hosts a mineral resource of 116.5 million pounds of…
Hichilema win set to bolster Zambia’s copper expansion
Zambian President Hakainde Hichilema’s re-election is set to provide policy continuity for investors as Africa’s second-largest copper producer seeks to sharply expand mining…
Barrick’s growth plan for non-IPO mines has its risks
BARRICK Mining’s business outside North America offers growth from assets including Lumwana and Kibali, but Reko Diq remains the main source of doubt in the group’s growth plans.…
Metals of war: why US Govt has weaponised mining
Eighteen mining companies went public in the past 12 months with one aim in common: an ambition to supply the US government’s defence industry. Assisted by US President Donald…
Jubilee to sell Zambia copper tailings it bought last year
JUBILEE Metals has received two offers for its Large Waste Project, a copper tailings resource in Zambia it bought only last year for $18m. Leon Coetzer, CEO of Jubilee Metals,…
Bokoni Platinum reboot could knock ARM’s cash flow
AFRICAN Rainbow Minerals (ARM) has a colourful track record picking capital projects. It sold its 40% stake in Zambia’s 70-year-old Lubambe copper mine (formerly Konkola North)…
Zambia miners seek election boost for copper drive
MINING companies in Zambia are pressing for stronger incentives on mineral processing, revived exploration and expanded power generation ahead of next week’s elections, Reuters…
Zambia pushes pan-African minerals exchange
ZAMBIAN President Hakainde Hichilema is championing plans for a pan-African minerals and metals exchange, aimed at helping resource-rich nations capture more value from their…
Gemfields shares hit record low after CEO exit
SHARES in Gemfields, the JSE-listed coloured-gemstone producer, sank to an all-time low this week, deepening investor unease about the company’s turnaround prospects following…