Zambia indebted to major mining companies to the tune of US $215m in tax refunds
Zambia owes major mining companies US $215m in tax refunds as at June 30, 2019. Zambia’s Finance Minister Bwalya Ng’andu made the announcement last week,...
Category : BUSINESS
Glencore signs deal with China’s GEM Co for its annual cobalt production
Glencore, has signed a deal with China’s GEM Co, committing to sell approximately a quarter of its annual cobalt production over the next five years....
ZCM pegs Zambia’s mining productivity on the 2020 national budget
The Zambia Chamber of Mines (ZCM) is currently holding out hope that the forthcoming 2020 national budget will help restore the mining sector’s productivity and...
Angolan Ambassador to China calls for mining investments in the country
The Angolan ambassador to China, João dos Santos called for investment in mining in his country. This was part of the presentation of new concessions....
Barrick Loulo-Gounkoto Mine: Two Decades Of Value Delivery And Partnership In Mali
Of the US $ 6.5 billion contributed to Mali’s national economy, a total of US $ 2.6 billion was allocated to taxes, royalties and dividends. Barrick...
Zimbabwe’s mining sector generates US $1.1Bn within the first half of 2019
Zimbabwe’s mining sector has generated US $1.1Bn in the first seven months of 2019. This is quite a leap from the projected target of US...
Zambia has a new mining minister
Zambian president Edgar Lungu appointed new finance and mining ministers in a reshuffle that included changes in numerous other departments as well. In a press...
Cash-strapped gold miner uncertain of future in DRC
The Banro Twangiza gold mine in eastern DRC. Photo: Philip Mostert Dual-listed gold producer Banro Corporation, weighed down by significant ongoing operational and financial challenges, might...