Posts Tagged ‘africa’

First Quantum Minerals, the Vancouver-based copper miner embroiled in a dispute with the Congolese government over expropriation of one of its key assets, has sold its mines in the Central African country. First Quantum (TSE:FM) said Thursday that Eurasian Natural Resources Corporation PLC has agreed to pay US$1.25 billion for its Kolwezi tailings project, along with the Frontier and Lonshi mines and related exploration interests. ... Full story

Baker Steel Capital trades on its analysts’ “intellectual capital and technical expertise” when it comes to knowing when and where to invest. Right now, its funds favor equities over the physical gold market. The lion’s share of those equities are companies exploring and producing in Africa, where careful risk management can bring high returns, says Baker Steel Capital Managing Partner David Baker in this ... Full story

The National Mining Corporation (NMiC) , an Ethiopian private company, announced the discovery of the largest ever gold and base metal reserves in Oromia and Tigray regional states. The mining corporation estimates that the 550,000 kg gold reserve at Dawa Okote, in Oromia Regional State is worth almost $US 5 billions, said General Manager of National Mining, Melaku Beza. The gold reserves discovered at ... Full story

According to a United Nations report, a U.S. Full story

Tanzanians are yet to start benefiting from the new mining law which raised royalty paid on precious minerals including gold from three to four per cent because mining companies haven’t migrated to the new tax regime. According to investigations by The... Full story

Secrecy in handling mining contracts and lack of disclosure on oil and mining revenues are crippling Africa’s mineral potential, denying the continent billions of dollars as commodity prices rise. Full story

%content%Read more here:Zimbabwe considering a ban on raw platinum exports Full story

The Canadian explorer said estimated measured and indicated resources at its Namoya project have increased to 1.58 million ounces of gold Full story

We have reported on changes in global gold demand, from booming investment demand in Asia to European and US debt concerns that have re-solidified gold’s long tenure as the ultimate safe-haven asset for turbulent times. Full story

Mongezi Mponco left his village of grassland hills as one of hundreds of thousands of healthy young black men who poured into the deep underground of South Africa's gold mines. The 54-year-old continued working when diagnosed with early incurable lung... Full story