Nigeria has recorded a 15% increase in earnings from the mining sector. This is according to a new report released by the Nigeria Extractive Industries Transparency Initiative (NEITI). The data showed that the country earned US $195million from the solid minerals sector in 2019, increasing from US $170million recorded the previousContinue Reading
Today, the Commission announces an additional €20 million to finance a new power plant in Rwanguba, that will provide a further 15 Megawatt of electricity. The European Union’s rapid response to the urgent environmental crisis in the Democratic Republic of the Congo has helped to restore up to 96% of the powerContinue Reading
Perseus Mining Limited has released its CY20 Sustainable Development Report. The report details the company’s progress over the past 12 months in delivering on its commitment to responsible mining operations in Côte d’Ivoire and Ghana, including an overall economic benefit to host countries totalling about USD$385M. As part of its longstandingContinue Reading
ZCCM-Investment Holding (ZCCM-IH) has acquired an additional 50% shareholding in Kariba Minerals Limited from Gemfields Limited at a cost of US$2.5m. The acquisition means that ZCCM-IH now owns 100% shares in Kariba Minerals Limited. According to the directors’ interim unaudited financial results for ZCCM-IH and its subsidiaries for the sixContinue Reading
Liberum Capital has been appointed as a consultant and joint broker to Pensana Rare Earths, with a particular focus on environment, social and governance (ESG) matters. The Chairman, Paul Atherley, said that the London broker is looking to help establish the world’s first fully sustainable mine to magnet supply chainContinue Reading
MMG Ltd has announced progress with two major expansions at its mining operations. The firm has approved extending the life of its Kinsevere copper operation in the Democratic Republic of Congo (DRC) for at least 13 years; while in Peru, the Ministry of Energy and Mines has released the regulatory approvalContinue Reading
China Molybdenum, one of the largest copper and cobalt miners in the world has been ordered to stop controlling operations at Tenke Fungurume, where the Chinese control an 80% stake, while the DRC owns 20%. Commercial Court of Lubumbashi issued the suspension Lubumbashi in favour of the government and itsContinue Reading
The Democratic Republic of Congo has recovered the mining and oil assets worth about $2 billion that was being controlled by Israeli investor Dan Gertler. The recovery follows a commission that was set up for negotiations. Concluded terms of a memorandum of understanding (MoU) enabled the government to recover aContinue Reading
Zimbabwe has earned close to US$2Bn from mineral exports in the first nine months of the year. The haul is for minerals whose marketing falls under the ambit of the Minerals Marketing Corporation of Zimbabwe (MMCZ) and excludes gold and silver that are also high value minerals. Gold, one ofContinue Reading
The US$240m deal for Manono lithium-tin project in Democratic Republic of Congo has been completed. The agreement between ASX-listed AVZ Minerals with Chinese operator Suzhou CATH Energy Technologies, provides certainty of funding to progress the venture, pending the award of a mining licence and collaboration development agreement with the local government. TheContinue Reading
