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Thursday, September 20, 2018
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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...

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...

Mining industry in South Africa shows recovery signs-PwC

Mining industry in South Africa shows recovery signs-PwC
The Mining industry in South Africa is showing signs of recovery for the first time in five years a new report by PricewaterhouseCoopers (PwC) has revealed. The annual South Africa mine report notes that the positive development comes at a year when all players both...

Endeavour Mining boosts Ity mine in Côte d’Ivoire

Endeavour Mining boosts ity mine in Côte d’Ivoire
Canadian firm Endeavour Mining has announced that it will forge ahead with construction  of a Carbon-in-Leach (“CIL”) plant at its Ity gold mine in Côte d’Ivoire. The firm said the project is aimed at expanding the Ity mine by 14 years, based on current reserves...

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...

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...

Acacia Mining slapped with huge tax bill as shares tumble

Acacia Mining slapped with huge tax bill as shares tumble
Gold miner Acacia Mining says it has received a tax bill that is four times the GDP of Tanzania where it operates, affecting its performance in the stock market. Acacia Mining’s shares fell for a sixth straight session on Tuesday in the wake of a...

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...
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