Acacia Mining has revealed that its majority shareholder Barrick Gold has failed to meet a mid-year target for the completion of talks to end a debilitating tax dispute with the government of Tanzania. African gold-focused miner Acacia was accused of significantly under-declaring export revenues for 17...
Regulations to implement the Democratic Republic of Congo's new mining code have been signed into law with no changes, despite complaints from top mining firms operating in the country. DRC’s Prime Minister Bruno Tshibala’s advisor Patrick Mutombo Buzangu told Reuters that the regulations were signed into...
The mining industry across sub-Saharan Africa is set to continue receiving higher volumes of investment in Q3 2018, according to market research firm BMI Research. This is despite the fact that some African countries have moved to tighten laws and regulations regarding foreign investment in recent...
The global mining community coalesced in Cape Town for the Mining Indaba’s final day, with all those in attendance imbued with a new level of confidence in the industry after another successful year of networking. Here is a selection of highlights from day four. Nigerian entrepreneur...
Day three of the Mining Indaba 2018 did not disappoint those in attendance at Africa’s biggest mining event. Here is a round-up of the penultimate day of the global mining community gathering in Cape Town. Legendary mining executive pleads for greater local beneficiation in DRC Members of the...
Africa’s biggest mining industry networking event kicked off today in Cape Town with a wide variety of stakeholders across the African mining sector in attendance. Here is a selection of highlights from day one of the Investing in African Mining Indaba 2018. https://twitter.com/MiningIndaba_MD/status/960385022422286336 South Africa’s minerals minister...
Two diamond miners in Gem Diamonds and Lucapa Diamond have both announced the discovery of significant finds, including two over the 100 carat range, at their African flagship sites. Gem Diamonds unearthed a 117-carat and a 110-carat D color Type IIa diamond at its Letšeng mine...
Canadian miner Trevali (TSX:TV) has completed the purchase of majority stakes in two African mines, which will see the firm enter into the top 10 of zinc producing companies worldwide. The Vancouver-based firm first announced it would buy Glencore’s Namibian Rosh Pinah mine and the Perkoa...