Tuesday, February 28, 2017

NEITI to Expose Real Owners of Nigerian Oil Blocs, Mining Firms

The Nigeria Extractive Industries Transparency Initiative (NEITI) has says it has commenced moves to expose the real owners and beneficiaries of oil and gas blocks, as well as mining firms in the country. NEITI said...
Zimbabwe Mining

Nigeria Sanctioned 20 Mining Companies in 2016 – Official

The Ministry of Mines and Steel Development has sanctioned no fewer than 20 mining companies in 2016 over non-compliance with Nigeria's laws and regulations. Salim Salaam, Director, Mines Environmental Compliance Department said this to the...

Angola: ENDIAMA exceeds Diamonds Production Target

The National Diamond Company (ENDIAMA) produced 9.21 million carats of diamond in 2016, exceeding the target set by the Ministry of Planning and Territorial Development, which was nine million carats. This result demonstrates the great...
Mining

Zambia Drags Mining Firm to Court over Pollution

Zambia's environmental regulator on Tuesday revealed that it has commenced legal proceedings against Konkola Copper Mines (KCM), a unit of London-listed Vedanta Resources, over the pollution of drinking water and the environment in one...

Angola’s Largest Miner to Increase Investment in Production Processes

Catoca Mining Company (SMC) which is the largest diamond company in Angola, this year intends to focus on intelligent and rigorous management, to ensure high operational efficiency, via major investments in production. In the message...
Zimbabwe Mining

Nigeria Secures $150m World Bank Support for Mining Development

The Nigerian Government, through the Ministry of Mines and Steel Development, has secured a $150million (N45.7 billion) support from the World Bank to spur investments in mining, through the Mineral Sector Support for Economic...

ECA Convenes Experts over Central Africa’s Mining Future

The Sub-Regional Office for Central Africa of the United Nations Economic Commission for Africa (ECA) has convened mining development experts of the sub-region to an Ad Hoc meeting scheduled for 13 - 14 December...

SA’s Sibanye Gold to Acquire American Mining Firm for $2.2b

In a bid to expand into platinum group metals (PGMs)South Africa’s Sibanye Gold Limited has entered an agreement to acquire American mining company Stillwater for $2.2 billion cash at the transaction price of $18...
Mining

Australian Firm Granted Licence to Mine Tanzania Graphite

Tanzania has recently granted Australia Stock Exchange-listed Graphex Mining Ltd a 10-year mining licence for graphite deposits discovered at Chilalo area in Nachingwea. The licensing by Energy and Minerals Minister Sospeter Muhongo will now make...
Mining

Nigeria Generates Over N1bn Revenue From Mining Lease Approvals

The Federal Government of Nigeria has recently disclosed that it generated N1 billion from sale of mining leases through the Mining Cadastral Office, MCO, within last one year. Minister of State for Mines and Steel...