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Africa Coal Partners to acquire stake in Mbuyelo Coal Proprietary

Africa Coal Partners to acquire stake in Mbuyelo Coal Proprietary
Africa Coal Partners, an SPV set up and managed by Duet Group, will acquire a 45.18 per cent stake in Mbuyelo Coal Proprietary Limited (Mbuyelo) from Ichor Coal. The agreed purchase price was set at US$104mn with the transaction expected to close in Q1 2020, once...

Low Cobalt prices, Africa setbacks shrinks Glencore’s first-half profit

Low Cobalt prices, Africa setbacks shrinks Glencore’s first-half profit
Glencore Plc is planning to shut down its Mutanda project in the Democratic Republic of Congo due to reduced economic viability, the firm's chief executive has said. Mr Ivan Glasenberg announced the plans even as the international mining firm reported he weakest profit in three years...

South Africa coal mining under threat

South Africa coal mining under threat
Public Enterprises Minister Pravin Gordhan is threatening the South African coal mining industry with “tough conversations” about the sky-high price of coal. At the release of Eskom’s miserable year-end results, Gordhan lashed out at the 17% increase in Eskom’s cost of primary energy and said...

Why Western Africa is the next Gold mining frontier

Why Western Africa is the next Gold mining frontier
Western Africa is fast emerging as the continent’s top region for gold mining. The region is currently being seen as a more attractive prospect than Asia or South America to construct new mines due to the return on investment capital. This has led to the...

Australian mining firms on the spot over tax issues in Africa

Australian mining firms on the spot over tax issues in Africa
Australian mining companies are engaging in secretive tax practices that are depriving governments in Africa millions of dollars in tax revenue that could be spent on public services to tackle poverty and inequality, a new research released Monday has revealed. The research report, Buried Treasure, estimates that...

Landmark ruling for Southern African Gold Miners

Landmark ruling for Southern African Gold Miners
South African High Court on Friday approved a groundbreaking settlement on behalf of Southern African gold miners suffering from occupational lung disease.  The historic class action settlement, the first ever of its kind in South Africa, reflects more than a decade of preparation and...

Gold miner Barrick seeks to deepen presence in Côte d’Ivoire

Gold miner Barrick seeks to deepen presence in Côte d’Ivoire
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) is actively seeking to extend the life of its Tongon gold mine while at the same time exploring new opportunities elsewhere in Côte d’Ivoire, president and chief executive Mark Bristow said here today. Speaking at a briefing for local media...

UAE firm EGA gets funding for Guinea bauxite mining project

UAE firm EGA gets funding for Guinea bauxite mining project
Emirates Global Aluminium (EGA), has announced that its wholly-owned subsidiary Guinea Alumina Corporation (GAC) has successfully closed the Republic of Guinea’s largest-ever project financing for a greenfield mining project, in a step forward for EGA’s bauxite mining project and for Guinea’s economy. The $750 million...

Zimbabwe mining industry at risk as power cuts begin

Mining industry at risk as Zimbabwe begins power cuts
Zimbabwe has started power cuts across the country that will last up to eight hours a move that is expected to negatively affect the mining industry which accounts for more than three-quarters of Zimbabwe’s export earnings. Zimbabwe Electricity Transmission and Distribution Company (ZETDC) said in a...

Perseus Mining Limited: Helping Africa achieve its mining potential

Perseus Mining Limited Helping Africa achieve its mining potential
Perseus Mining Limited (ASX/TSX: PRU) is an Australian headquartered, West African focused gold mining company, that is currently actively involved in exploration, development and production of gold in Ghana and Côte d’Ivoire. The Company currently has two operating gold mines, Edikan in Ghana and Sissingué...
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