Mining Industry

News : Mining Industry

WHAT does one make of the bizarre argument between the South African Communist Party's (SACP's) deputy general secretary, Jeremy Cronin, and the African National Congress Youth League's leader, Julius Malema, about nationalisation? (AllAfrica)

MINER First Quantum has agreed to buy base metals explorer Kiwara in a 260m cash and shares deal as it seeks to expand its copper operations in Zambia. The Toronto, Canada- based First Quantum has copper mining interests in Africa, while London-listed Kiwara has a prospecting licence in Zambia. (AllAfrica)

THE Zimbabwe Mining Development Corporation is expected to engage two more partners as it intensifies efforts to engage investors in the mining of diamonds in the Chiadzwa area as prescribed by the Kimberly Process Certification Scheme. (AllAfrica)

THE federal government has once again being urged to extend the Extractive Industry Transparency Initiative (EITI) to the nation's solid mineral sector if the sector is also to contribute to national development. (AllAfrica)

Coal producer, Hwange Colliery Company Limited (HCCL) will this week receive the first consignment of haulage excavating equipment worth US$5 million from a South African company to augment its ageing mining fleet. (AllAfrica)

Tanzania could become the biggest gold producing country in Africa following new discoveries of gold in the most unlikely areas of Lindi and Nachingwea districts in the south of the country. (AllAfrica)

The deaths of four people at a small-scale gold mine in Tarime District points to a worrying trend that is becoming all too familiar. (AllAfrica)

South Africa-based Elgin Engineering and the state-owned Tanzania State Mining Corporation (Stamico) are jointly constructing a $20 million mining equipment manufacturing facility. (AllAfrica)

The people of Otuasega community in Ogbia local government area of Bayelsa State have raised alarm over the continued use of soldiers as instrument of intimidation by three multinational companies in the course of carrying out mining and exploration activities in the area. (AllAfrica)

SOUTH Africa-based investment firm, African Global Capital, believes now is the time to invest in the local mining industry to avoid losing opportunities to suitors also eyeing the sector. (AllAfrica)

THE Nigerian Geological Survey Agency (NGSA) has completed 100% mapping of all the types and distribution of Nigerian solid minerals, and foreign mining firms have been besieging the NGSA to purchase the new information. (AllAfrica)

Residents of Mererani mining township have been challenged to venture into other economic investments rather than pipe dream on becoming rich through tanzanite mining and trading. (AllAfrica)

DIVERSIFIED junior mining and exploration company Miranda Holdings said on Friday it was aiming to develop one coal mine in its KwaZulu-Natal coal asset portfolio every year for the next five years. (AllAfrica)

The just ended sight at the Diamond Trading Company Botswana, though still a long way from normal levels, saw a favourable improvement in sales when compared to the same period last year when virtually no diamonds were sold (AllAfrica)

Golden Star Resources Ghana Limited announced on Thursday, November 12, this year, that during the third quarter of 2009, it paid US$3,127,398.42 in royalties to the Government of Ghana, out of production from the Bogoso/Prestea and Wassa Mines. (AllAfrica)

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". (AllAfrica)

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. (AllAfrica)

JUNIOR gold miner Simmer & Jack yesterday posted a R65m operating loss for the six months to September, mainly due to mounting operating cash costs. (AllAfrica)

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. (AllAfrica)

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) co-sponsored the bill. (AllAfrica)

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. (AllAfrica)

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. (AllAfrica)

BCL Mine has asked its suppliers to give the company support for the mutual benefit of the two parties. (AllAfrica)

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. (AllAfrica)

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. (AllAfrica)

A strike is looming in the mining sector as workers and employers have failed to break the impasse over salary negotiations. (AllAfrica)

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 obligates Zimbabwe to commit substantial effort and resources is not thoroughly implemented, the KP will suspend Zimbabwe’s status in the KP certification scheme. We further note that Zimbabwe agreed not to export Marange diamonds until the monitoring mechanism is established. In addition, the United States remains deeply concerned about human rights abuses in and around the Marange diamond fields of Zimbabwe. (AllAfrica)

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. (AllAfrica)

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. (AllAfrica)

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. (AllAfrica)

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. (AllAfrica)