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Wednesday, March 20, 2019
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Kabila to meet miners over new DRC mining code

Kabila to meet miners over new DRC mining code
In Brief Country says previous DRC mining code favoured foreign investors at the expense of the economy The code seeks to hike taxes in major industry reforms DRC is Africa's leading copper producer and the world’s leading cobalt producer Democratic Republic of Congo President Joseph...

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...

South African gold miners reach out of court settlement in silicosis case

South African gold miners reach out of court settlement in silicosis case
South African gold miners and workers have reached an out of court settlement in a case where the workers who contracted silicosis while working for the firms were seeking for compensation.  Silicosis is an incurable lung disease caused by inhaling dust from gold-bearing rocks.It causes shortness...

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...

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...

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...

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...

Uganda mineral licensing system goes online

Uganda mineral licensing system goes online
Uganda mineral licensing system has moved online to enhance service delivery and boost data accuracy, Commissioner of Mines, Mrs Agnes Alaba Kuterema has said. The system will enable customers to submit applications online as well as undertake all other statutory business processes such as making payments, submitting...

Kibo Mining signs MOU with TANESCO on Mbeya Coal Project

Kibo Mining signs MOU with TANESCO on Mbeya Coal to Power Project
Kibo Mining Plc (AIM:KIBO; AltX:KBO), has signed a Memorandum of Understanding with the Tanzania Electric Supply Company (TANESCO), for the Power Purchase Agreement (PPA) of the Company’s flagship 300MW Mbeya Coal to Power Project (MCPP). The MOU constitutes the precursor to the finalisation of the...

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...
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