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
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)
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
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
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
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
Unsafe operating conditions in an unsanctioned gold mine have claimed at least 20 lives in the Democratic Republic of Congo. Continue reading
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
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:
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