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Technology leading the way at African diamond mine

Technology leading the way at African diamond mine
Leading autonomous solutions provider RCT has completed an automation project for a major mining company at its open-cut diamond mine in South Africa. In 2019 RCT installed and commissioned its ControlMaster® Line-of-Site solution to a CAT 994 Wheel Loader which has been utilised to clear...

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...

Sandvik adopts ‘direct to customer’ business model in Central & West Africa

Sandvik adopts 'direct to customer' business model in Central & West Africa
Sandvik Mining and Rock Technology says it is revising its business model, shifting to a 'direct to customer' model for mining and construction customers in most of the territories in Central and Western Africa currently serviced by Sandvik’s Distributor, BIA. Nuhu Salifu, Vice President of...

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...

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...

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...

Total acquires Tullow’s entire interests in Uganda Lake Albert project

Total acquires Tullow’s entire interests in Uganda Lake Albert project
Total and Tullow have entered into an Agreement, through which Total shall acquire Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude Oil Pipeline. The overall consideration paid by Total to Tullow will be $575M, with an initial payment of...

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...

Mining, construction sectors boost Tanzania’s GDP

Mining, natural gas and construction sectors boost Tanzania's GDP
Tanzania's GDP grew 6.8 per cent year-on-year in the third quarter of 2017 compared to 6.2 per cent in the same period the previous year mainly supported by mining and gas, and construction sectors. Data from the National Bureau of Statistics shows that Tanzania's construction...

DRC remains key mining investment destination-Standard Bank

DRC remains key mining investment destination-Standard Bank
The Democratic Republic of Congo(DRC) has the potential to become the world’s largest copper producer through the consistent application of clear and rational mining policy, an official from Standard Bank Group has said. Peter von Klemperer, the Head of Mining and Metals Standard Bank says that...
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