ALROSA, the world’s leading diamond miner by volume in carats, released its first ever Impact Report covering the period 2010-2020. The report summarises the company’s social and economic progress in Yakutia, Russia’s largest and coldest region, which is home to 90% of ALROSA’s operations. ALROSA’s diamond mining activities in YakutiaContinue Reading
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
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
“We hope to move projects to further stages where financiers are more comfortable to get involved” A presentation by Nigeria’s Solid Mineral Development Fund (SMDF) during a session on financing operations in the country’s burgeoning mining sector created a lot of excitement on Tuesday during Nigeria Mining Week’s Digital Event. “The SMDF has beenContinue Reading
Tanzania’s recently established mineral centers located in the country’s mineral-rich regions has boosted revenue collection to over US $154.8m in the fiscal year 2019/20. This is part of the phases by the government in a move to eliminate mineral smuggling and crack down on tax evasion. The mineral centres areContinue Reading
According to a press statement from the company, terms of the merger state that shareholders other than Glencore International AG are entitled to receive US $0.12 in cash for each pre-merger common share of the Company, for aggregate consideration of US $39.1m. This further means, that he company is nowContinue Reading
