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...
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...
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...
DRC Mining Week celebrates 15 years as valued strategic industry partner in Lubumbashi in June
“The DRC is just too important a jurisdiction from a resource volume and grade quality perspective for any serious player in the global mining sector to ignore” says Peter von Klemperer, the Head of Mining and Metals at the Standard Bank Group, and the...
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...
SA scores poorly in Fraser’s Survey of Mining Companies 2021
South Africa has for the first time ranked in the world’s ten least attractive mining destinations in the latest Fraser Institute’s Annual Survey of Mining Companies 2021 and Minerals Council CEO Roger Baxter is deeply disappointed.
Commenting on the report Baxter says that the ranking...
Pele Green Energy, EDF to build 100 MW solar PV plant in South Africa
Anglo American Platinum has selected the Pele Green Energy – EDF Renewables South Africa consortium as the preferred supplier to build a 100 MW solar photovoltaic (PV) plant at its Mogalakwena mine in Limpopo Province, South Africa.
The consortium is comprised of Pele Green Energy,...
South Africa mine workers win case on Coronavirus safety
South African Department of Mineral Resources and Energy(DMRE) will now be forced to impose strict safety guidelines on mining companies to protect mine workers from the novel coronavirus.
The Association of Mineworkers and Construction Union (AMCU) announced Sunday that it had received an order from...
Junior Nigerian firm wins African Mining Indaba contest
Thor Exploration Limited a junior Nigerian mining firm has emerged winner of the 2018 Investment Battlefield organized by African Mining Indaba for their gold exploration project in the Southwest state of the country.
The company was selected as the most promising of the 22 junior...
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...
