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 Gold’s contribution to GDP in 2018 was approximately 6%” said president and chief executive Mark Bristow said during a press conference. Twenty years after MorilaContinue Reading
One of the largest producers of copper and cobalt, Shalina Resources and a commodity trading giant, Trafigura have signed a US $600million financing agreement to considerably increase supplies of high-grade cobalt hydroxide and copper cathode from the Democratic Republic of Congo (DRC). The financing agreement will enable Shalina Resources, through its DRC subsidiary, Chemaf,Continue Reading
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 $1.2Bn, according to the Minerals Marketing Corporation of Zimbabwe (MMCZ). MMCZ, which falls under the Ministry of Mines and Mining Development, is an exclusive agentContinue Reading
By Oscar Nkala: The non-operationalization of many laws formulated by the Zambian government over the past two decades represents several hidden costs with a negative impact on the productivity of the mining sector, a top mining law expert has said. In remarks published on international taxation law website JDSupra.com, Lusaka-basedContinue Reading
The Android Enterprise Recommended IS530.M1 is a high-level smartphone specifically tailored to the needs and requirements of the mining industry. It had been developed by i.safe MOBILE, the German based innovative specialist for mobile communication devices for safe use in explosion hazardous areas. Android Enterprise Recommended smartphones support features likeContinue Reading
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 release by the government of Zambia Patriotic Front Parliamentary Chief Whip Richard Musukwa was named the new Minister of Mines and Minerals Development, taking overContinue Reading
The Ghana Mineworkers Union (GMWU) of TUC-Ghana, as part of its contribution to the development of human resources and health and safety of Ghanaians, has presented health items and educational scholarship worth more than ¢50,000 to four institutions in the mining communities. The beneficiary institutions are OLA Girls Senior HighContinue Reading
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 be compelled to reconsider its presence in the Democratic of Congo. The latest in a list of the company’s woes is the continued suspension of miningContinue Reading
The latest mining health and safety records have come to the attention of the Minerals Council South Africa as it reported 60 fatalities in the industry in 2020. This marks an increase from 2019, with around 51 fatalities in that year. Records also show that in this year to date, 32 fatalitiesContinue Reading
South Africa’s Labour Court has ordered employers in the mining industry to prepare and implement a code of practice for health and safety standards. The standards must be prepared in terms of section 9(2) of the Mine Health and Safety Act, in accordance with guidelines to be published by theContinue Reading
