Mozambique Mining: Xtract Resources begins exploration of gold deposits in Manica

Gold

Gold samples

The start of exploration of alluvial gold deposits at the Manica concession in central Mozambique is expected to begin later this month, said Xtract Resources, which is listed on the London Stock Exchange’s Alternative Investment Market (AIM).

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Africa Mining: High-grade rare earths confirmed at Burundi prospect

Stories about rare earth mining are few and far between with rare earth oxide prices having slumped for the past few years, but one project in East Africa is piquing the market’s attention. Continue reading

Africa Mining: Odebrecht sells stake in diamond mine in Angola

diamond-unearthed-in-lesotho-mine

Image courtesy of Gem Diamonds

Brazilian group Odebrecht has agreed to sell its 16.4% stake in Angolan company Sociedade Mineira de Catoca to one of its remaining shareholders, the Brazilian press reported. Continue reading

Africa Mining: Petra Diamonds results affected by SA labour disputes

 

south-africa-labour-disputes-weighs-on-petra-diamonds-results

Over the past year, Petra has been working on extending the life of its iconic Cullinan mine in South Africa. (Image courtesy of Petra Diamonds)

Shares in Petra Diamonds (LON:PDL) fell Monday to close almost 6.3% lower after the company revealed it had missed production and revenue targets in the year to June 30, partly because labor disputes earlier this year caused delays in the building of a new plant in South Africa. Continue reading

Africa Mining: Zambia’s Konkola mine halts operations due to high voltage cables theft

Zambia Konkola MineZambia’s Konkola Copper Mines (KCM) said on Tuesday it was halting operations indefinitely at its Nchanga underground mine (NUG) in Chingola state due to theft of high voltage cables.

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Africa Mining: Egypt awards gold mining tender to four companies

Egypt sukari-open_pit

Egypt’s only operating gold mine, Sukari, is located about 700 km from Cairo. (Image courtesy of Centamin.)

Four companies, including two foreign ones, have won Egypt’s gold mining exploration tender for five concessions in the Eastern Desert and the Sinai Peninsula, Petroleum Minister Tarek El Molla said on Monday. Continue reading

Africa Extractive Industry: Tanzania passes laws on renegotiation of mining and gas contracts

President John Magufuli

Tanzania President John Magufuli

Tanzania’s parliament passed two laws on Monday allowing the government to force mining and energy companies to renegotiate their contracts, despite pleas from the mining association for more time. Continue reading

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