Mining

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...

SEMAFO Inc. (TSX:SMF) (OMX:SMF) has announced that construction of the Boungou Mine in Burkina Faso is 87% complete, with first gold scheduled to be poured early in the third quarter of 2018. In a first step towards this milestone, the Corporation began commissioning activities on dry plant...

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...

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...

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...

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...

South Africa published new proposed safety guidelines on Tuesday for mines operating during the coronavirus pandemic, which would require that mineworkers be screened, tested, kept further apart and provided with protective gear. South Africa, the world's largest producer of platinum and chrome ore and a...

South Africa goes on total lockdown from Thursday midnight in what authorities believe will be a major step forward in curbing the new coronavirus pandemic after witnessing a jump in the number of people infected. Cases stood at 709 as of Wednesday. South African mining...

Mining emergencies are operational or environmental hazards that occur during mining. Having a readily available and effective emergency response system is essential to the safety of miners and the provision of a safe working environment. Such procedures will better protect workers, families, and the...

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...