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
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
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
Zambia’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.
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
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