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Jul 29, 2015
Updated 7 hours ago A group of South African investors known as Union Resources has made a bid for Anglo American Platinum's Union mine, its chairman said on Wednesday. Union Resources chairman Tshepo Bokaba said the group was bidding for the mine, but declined to say how much his...
Jul 29, 2015
Zimbabwe's tax collections were six% below target during the first half of the year while mining royalties and value added tax plunged, reflecting a struggling economy, the tax agency said on Wednesday. The southern African country's economy, where mining contributes...
Jul 29, 2015
Weak profit forecasts from Holcim and Lafarge weighed on the newly merged LafargeHolcim , the world's biggest cement maker, highlighting tough conditions that have sparked more consolidation across the sector. With investment on hold in much of the world due to an...
Jul 29, 2015
Physical coal prices in Australia and Europe continued to fall over the past week, pushed lower by concerns over demand in China after a massive rout in the country's stock market. Cargoes for delivery into Europe's main ports at Amsterdam, Rotterdam and Antwerp in...
Jul 29, 2015
Kyrgyzstan on Wednesday opened a gold mine at the Taldy-Bulak Levoberezhny deposit, a joint venture with China and so far the second "world-class" gold project with foreign investors. The field, discovered by Soviet geologists, lies in the Taldy-Bulak Gorge in the...
Jul 29, 2015
Zambia has increased imports of finished petroleum products to prevent a fuel shortage as its only oil refinery is expected to persistently break down, its energy minister said on Tuesday. Zambia's 24 000 bl/d Indeni refinery was shut on July 14 after it was fed...
Jul 29, 2015
Canadian miner Sherritt International Corp reported a bigger loss for the second quarter, hurt by lower nickel prices. The Toronto-based company said on Tuesday its adjusted net loss from continuing operations widened to C$75.2-million ($58.2-million), or C$0.25 a...
Jul 28, 2015
Codelco's Chuquicamata copper mine returned to normal operations on Tuesday afternoon after a contract workers' strike caused a halt earlier in the day, the company said in a statement. All projects except the small Salvador mine were operational, although there had...
Jul 28, 2015
Mozambique's coal rush is officially over and the government is now looking offshore to a gas bonanza, according to analysts at a coal conference this week in the capital Maputo. Just a few years ago, billions of dollars poured into Mozambique, one of the world's...
Jul 28, 2015
South African power utility Eskom is open to importing coal for plants it still plans to commission, a coal conference heard on Tuesday. Willem Theron, business development manager of Eskom's southern Africa transmission group, said the state-run utility planned to...
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