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Monday, November 19, 2018
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DRC mining code seeks to classify cobalt a strategic substance

DRC mining code seeks to classify cobalt a strategic substance
A proposed revision to the Democratic Republic of Congo’s (DRC) mining code could classify cobalt as a strategic substance, essentially resulting in a tax hike, Mines Minister Martin Kabwelulu has said. The new mining code has already been passed by the lower house and is...

New DRC mining code meets stiff resistance from miners

New DRC mining code meets stiff resistance from miners
International mining firms in the Democratic Republic of Congo(DRC) have teamed up to reject a new mining code that seeks to raise taxes for the sector. Already, the lower house has approved changes to the DRC mining code last week and is now being reviewed...

Zimbabwe’s mining sector is most attractive to investors

Zimbabwe's mining sector is most attractive to investors
Zimbabwe's mining sector is the most attractive investment area going by the number of applications with interest in the sector, statistics from the Zimbabwe Investment Authority (ZIA) has shown. Out of the 153 approved  investment proposals in the first 11 months of 2017, 57 of them...

Mining fails to attract more FDI to Africa -EY report

Mining fails to attract more FDI to Africa -EY report
In summary Mining sector accounted for just 6.2% of foreign direct investment (FDI) that landed in Africa last year. Capital investment was primarily driven by capital-intensive projects in real estate, hospitality and construction South Africa remains the continent’s leading FDI destination US continues to...

Zimbabwe mining sector looks up with new platinum deal

Zimbabwe mining sector looks up with new platinum deal
Cyprus-based investment firm Karo Resources has inked a $4.2 billion deal to develop a platinum mine and refinery plant in Zimbabwe and indication that Zimbabwe mining sector is starting to look up after years of mismanagement. President Emmerson Mnangagwa says the move is an indicator that...

Miners meeting with Kabila fails to stop DRC mining code

Miners meeting with Kabila fails to stop DRC mining code
A meeting between miners and Congolese president Joseph Kabila that sought to halt the signing of a controversial mining code failed to persuade such a move and now the law will be signed off the way it is, mining minister Martin Kabwelulu has said. Top mining...

Work starts on huge LPG import and storage facility in Durban

Work starts on huge LPG import and storage facility in Durban
Construction is underway for a major LPG import and storage facility in Richards Bay, north of Durban in South Africa, the firms behind the project have confirmed. South Africa’s Bidvest Tank Terminals (BTT), a unit of Bidvest Group, and liquefied petroleum gas (LPG) firm Petredec said...

Tanzania releases damning report on diamonds mining

Tanzania releases damning report on diamonds mining
In summary Reports show deep seated corruption in diamonds mining in Tanzania It also reveals government officials' involvement in the scandal Some government officials have resigned over the report A parliamentary committee tasked to investigate diamonds mining in Tanzania in the central region of Shinyanga...

Kibo Mining gets ESIA certificate for Tanzania’s Mbeya coal project

Kibo Mining gets ESIA certificate for Tanzania's Mbeya coal project
Kibo Mining PLC has announced that it has been awarded an environmental and social impact assessment (ESIA) certificate for its flagship Mbeya coal project and the Mbeya power generation project in Tanzania. The ESIAs represent integral elements of the approval process for the company’s proposed...

Acacia Mining scales down Tanzania operations

Acacia Mining scales down Tanzania operations
International mining firm Acacia will scale down its underground work at its Tanzanian gold mine in the wake of a ban on exports of unprocessed ore by the government, the company said Monday. Acacia also said that it will lay off staff. And shares plummeted...
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