Africa Mining: SA Deputy President urges return to drawing board as legal battle brews

Deputy President Cyril Ramaphosa

Deputy President A on returning to the Mining Charter drawing board. Camera Work and Editing: Darlene Creamer 20.6.2017 (source: Miningweekly)

South Africa’s Chamber of Mines is preparing legal action in a bid to ban the implementation of the country’s new mining charter that has shocked the industry.
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Mozambique Mining: Montepuez Ruby Mining reports US$58.8Mi in revenues from rubies auction in Singapore

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Rubies in Montepuez, north Mozambique

A new auction of rubies mined in Mozambique held in Singapore allowed Montepuez Ruby Mining, Lda to obtain revenues of US$54.8 million, said the company, which is a partnership that is 75% owned by Gemfields and the remaining 25% by Mozambique’s Mwiriti. Lda. Continue reading

Mozambique Mining: Xtract Resources Group hires two companies to mine gold in Manica

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Gold

Explorator Limitada, a subsidiary of the Xtract Resources group, has hired Omnia Mining and the Moz Gold Group to mine alluvial gold deposits in the mining concession it owns in Manica, in central Mozambique, the group announced in a statement in London. Continue reading

Africa Mining: South Africa just hiked black ownership rules, miners getting crushed

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Africa Mining: Malawi seeks to get its house in order for a burgeoning mining sector

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Malawi Kayelekera mine site

Malawi published its first EITI Report for 2014/2015 in April 2017.  The mining sector in Malawi accounts for less than 1% of the country’s GDP and about 1% of government revenue, but developing the sector has become a government priority. The petroleum sector is at exploration stage. Continue reading

Mozambique Mining: Jindal Africa disobeys court order on coal terminal closure

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Jindal Coal Operation in Tete – Mozambique

Radio Mozambique has reported that Indian company Jindal Africa has failed to comply with a court order ordering it to stop coal stockpiling activities at its Chirodzi mine, in the Moatize district of Mozambique’s Tete province. The order was issued by the Tete provincial court.

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Mozambique Mining: Coal now leads exports

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Coal exports reached US326 million

The value of Mozambican coal exports rose 200 percent between the first quarter of 2016 and the same period in 2017, with the product accounting for a full one-third of the value of exports, the Bank of Mozambique has announced. Continue reading

Africa Mining: Barrick’s Acacia Mining gets involved in Tanzania dispute

Acacia in Tanzania

Keeping the lights on, for now: Operations at Bulyanhulu could be suspended as the export ban in Tanzania bites

Barrick Gold (CN:ABX) chairman John Thornton met with Tanzanian president John Magufuli on Wednesday to discuss the issues surrounding Acacia Mining (LN:ACA) however the outcome of the meeting is unclear, the Mining Journal reports. Continue reading

Global Mining: Coking coal price slides to 8-month low, Mozambique to benefit

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Moatize Coal Mine, Vale Mozambique SA

The price of coking coal dropped on Monday with the industry benchmark price tracked by the Steel Index down 1.1% to $146.20 a tonne as supply returns to normal levels following tropical storms in Australia in March. Continue reading

Mozambique Mining: New Studies show optimism on heavy sands and rubies exploration in Inhambane

Aerial view of the mine pond, processing plant and the jetty. Image courtesy of Kenmare Resources plc.

Aerial view of the mine pond, processing plant and the jetty. Image courtesy of Kenmare Resources plc.

New studies by companies related to the mining sector show good prospects for the exploitation of heavy sands and rubies in Mozambique, according to the report consulted by the Lusa news agency.

Mining company Savannah Resources conducted a study for sand processing in Mutamba, in the Inhambane region of southern Mozambique, and concluded that “there is potential for a financially robust and long-lasting project.”