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Chromex Mining Plc, which is listed on the London bourse's Alternative Investment Market (AIM), has sealed a purchase deal for a 49 percent stake in Zimbabwean chrome miners Falvect Mining, for what it described as "a nominal consideration".
Nature Aid Ghana, a non- governmental organisation (NGO) poised to promote environmental protection, has called on the Environmental Protection Agency (EPA) to urgently come out with the necessary sanctions against Newmont Ghana Gold Limited (NGGL), for the recent cyanide spillage.
JUNIOR gold miner Simmer & Jack yesterday posted a R65m operating loss for the six months to September, mainly due to mounting operating cash costs.
ZIMBABWE Mining Development Corporation's partners in the exploitation of diamonds in Chiadzwa have invested about US$50 million in plant and machinery over the past two months.
Government has started withdrawing State security agents deployed to secure the Chiadzwa diamond fields as part of measures to comply with the Kimberley Process Certification Scheme recommendations.
Dinesh Mahtani, the coordinator of the UN Eminent Group of Experts report on militia groups' activities in DRC has told the BBC that almost 40 tonnes of gold is smuggled out of the country annually.
Rep. Jim McDermott (D-WA), flanked by leaders from World Vision, the Enough Project, Global Witness, and the Information Technology Industry Council, unveiled legislation he will introduce in the U.S. House of Representatives today to help stop trade in conflict minerals that is sustaining a brutal war of unfathomable atrocities, especially against women, in the Congo. Rep. Frank Wolf (R-VA) ...
BCL Mine has asked its suppliers to give the company support for the mutual benefit of the two parties.
THREE separate studies have estimated that charcoal consumption in Dar es Salaam has a household use of between 2.7 and 3.5 of the larger 56kg bags per annum. By extrapolating from this figure to the total population of the commercial capital it is possible to estimate the total amount of charcoal that is entering and being used here.
A new national policy on mining is in its final stages with a selected technical team working on it before it heads to parliament for debate.
A strike is looming in the mining sector as workers and employers have failed to break the impasse over salary negotiations.
In light of serious concerns about Zimbabwe’s compliance with the Kimberley Process (KP) rough diamond certification scheme, we await full and expeditious implementation of the stringent controls that were agreed at the KP Plenary in Swakopmund, Nambia on November 5 for exports of rough diamonds from Zimbabwe’s Marange fields. The United States expects that if the Work Plan which ...
HARMONY Gold "is busy looking at alternatives" to retrenching more than 2000 workers at three aging mine shafts, a spokeswoman said yesterday, as mining unions considered legal action to save the jobs.
PLATINUM miner Lonmin reported a loss in the year to September, dragged down by a slump in the precious metal prices, higher costs and lower production output.
Minister of Mines and Steel Development Mrs Diezani Alison - Madueke has said the Federal Government was prepared to partner Chinese firms that have shown interest in the development of Nigeria mining sector especially gold.
THIS week in SA produced one of the most profound but yet unacknowledged ironies: the gold price reached (yet another) record, settling above 1122 for the first time, and Stats SA announced gold output for the first nine months had fallen 9,3%.
Precious Mines & Mineral Processing Company (PMMPC) Limited, a subsidiary of DVCF Oil & Gas Plc, has announced its readiness to deliver over 51% of the country's local demand for marble and other precious stones.
A Polish developer, Polnord SA, is leading a coalition of various coal and power companies from the European country to invest in Nigeria "s moribund coal industry, towards boosting the Federal Government"s coal to power project.
A village situated near the Buzwagi Gold Mine will now provide it with security services, it has been decided.
There were fears of a major coal shortage last week after Hwange Colliery Company Limited (HCC) briefly suspended operations at one of its mines that was flooded with water. HCCL's output has already suffered after its dragline was taken off line for a month as it underwent major repairs.
President Ian Khama says that Botswana's non-mining sector recorded remarkable growth despite the global financial downturn.
The expansion of the largest diamond mine in the world by value, Jwaneng, will cost P3.5 billion ($500 million).
The impasse between Debswana and its employees over a 15-percent pay hike will now be mediated by the Department of Labour as the mining giant remains resolute that it is broke and cannot afford the increment.
The Chiefs and people of Etwebo-Akoti in the Western Region have denied allegations of confusion in the community, following a national forum by the National Coalition on Mining (NCOM) held in Akoti in October.
Kaduna State Government is to embark on commercial exploration of tin and other solid minerals, which could earn it about N271 million annually, according to the report of a team of consultants, which submitted it reports to the state government.
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