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

Africa Mining: Tanzanian Mining Minister Fired

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Sospeter-Muhongo, Former Tanzania’s Energy and Minerals Minister

Tanzania’s president fired the mining minister and the chief of the State-run mineral audit agency on Wednesday, after receiving a report into whether mining companies were under-declaring the value of their exports.

President John Magufuli’s decision, announced in a speech, signals an escalation of tensions between the government and the industry, which has denied engaging in tax evasion.

Mining accounts for about 4% of Tanzania’s gross domestic product.(source: Miningweekly)

Mozambique Mining: After Nacala coal terminal inauguration, Country foresees a brighter future for coal industry

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Moatize Vale coal Mine

The consortium formed by the Brazilian mining giant Vale, the Japanese multinational Mitsui, and Mozambique’s public owned port and rail company, CFM, on Friday formally inaugurated the Nacala Logistics Corridor (CLN), the new railway and coal terminal which Vale believes will be determinant for the success of its coal mining operations at Moatize, in the western province of Tete. Continue reading

Extractive Industry: “Mining no longer top sector attracting investors to Africa” – report

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Vale Moatize Mine explosion,  Tete province

Africa’s mining potential is not longer the main attraction for foreign capitals wanting to invest in the continent, a study published Wednesday shows. Continue reading

Global Industry: The Top 50 biggest mining companies in the World

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Brazillian Miner Vale SA, owner of Vale Moçambique is fifth world biggest miner in terms of market capitalization. It is worth $48.31 Bi

At the end of the first quarter this year the top 50 companies had a combined worth of $842 billion. In total these companies’ added $258 billion in market capitalization over the past 12 months and a good fifth of those gains occurred in 2017. Continue reading

Mozambique Mining: Mozal alluminium production 2% up, operating costs 12% down

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South32 CEO Graham Kerr

 

Saleable production from Mozal Aluminium, in Mozambique, increased by 2% to 136 000 t in the six months to December 31, with an 11% increase in sales reflecting the timing of shipments between periods. Continue reading

Mining & Sustanbility: Could technology prevent another Samarco?

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EnviroSuite

EnviroSuite says using best practice technology is a critical step in mitigating environmental and associated corporate risks, and in reducing the demands of crisis management that follow incidents with major environmental and community impacts. Continue reading

Global Mining: The facts and figures that make space mining real thourgh

While many still see space mining as science fiction, news about steps towards the creation of a resources industry and manufacturing supply chain out off-Earth continues to grab headlines as reported by MINING.COM.

The latest news come from global recruitment expert Fircroft, which specializes in the oil and gas industry, and which recently put together a telling infographic outlining the main facts and figures that make space mining way more than a pipe dream:

INFOGRAPHIC: The facts and figures that make space mining real

 

Mining & Environment: Extreme pollution forces China to shut down hundreds of coal, steel operations

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Thick smog blanket in China’s Liaoning Province. (Photo taken in Nov. 2015 by @OrRavid.)

China is stepping up its war on pollution by forcing hundreds of coal and steel companies to close or slash output in light of their transgressions to environmental and safety regulations, Mining.com reports. Continue reading