Mining Archives - Gambeta News

TRANSLATING TRANSFORMATION IN MINING, AGGREKO AFRICA

Posted on April 30, 2021April 30, 2021 by Gambeta News

John Lewis, Managing Director, Aggreko Africa The mining sector has undergone significant change over the past year. Change that was both expected and unexpected. On one hand, digital transformation, integrated operations, supply chain efficiencies, and investments into tools that embedded a competitive advantage where all items on the organisation’s to-do list. On the other, the pandemic introduced remarkably complex layers of uncertainty and drove rapid digital and investment change that was both unexpected, and costly….

WORLD’S TOP PRODUCER OF STAINLESS STEEL TO START CONSTRUCTION OF A PLANT IN ZIMBABWE

Posted on March 11, 2021 by Gambeta News

Tsingshan Holdings Group Co., the world’s top producer of nickel and stainless steel, will start construction on an iron ore mine and a carbon steel plant in Zimbabwe in May, according to a senior government official. A fluorite and limestone production plant will also soon be set up, Information Minister Monica Mutsvangwa said in an emailed statement following a cabinet meeting. Afrochine, the local unit of Tsingshan, initially signed a $1 billion agreement in June…

BOTSWANA AND MALAWI REVIVE BILATERAL RELATIONS TO EXPLORE NEW AREAS OF COOPERATION, MINING

Posted on March 9, 2021 by Gambeta News

Dr. Mokgweetsi E.K Masisi President of the Republic of Botswana gives a statement on his return from a 1 day working visit to Malawi “A very good evening to you all. We are safely back from the Republic of Malawi. I had a good engagement with my brother, His Excellency President Dr. Lazarus Chakwera We have committed to revive and deepen our bilateral relations through the resuscitation of our Joint Permanent Commission on Cooperation(JPCC) which…

SOLVING THE ISSUE OF ILLEGAL MINING ACTIVITIES IN DR CONGO

Posted on February 8, 2021 by Gambeta News

Diversified miner Glencore is playing a significant supporting role in the Fair Cobalt Alliance (FCA), a multi-stakeholder initiative to support the production of fair cobalt in the Democratic Republic of Congo (DRC), says Glencore lead cobalt trader David Brocas. “We operate industrial mines in the DRC, and we are the largest industrial producer of cobalt in the world, with almost 30% of the world’s overall production. Cobalt at Glencore is primarily produced in the DRC….

CALEDONIA MINING CORPORATION DEEPENS COMMITMENT TO ZIMBABWE

Posted on October 9, 2020 by Gambeta News

Despite the currency crisis and input shortages in Zimbabwe, Caledonia Mining Corporation is signing an MOU agreement to further deepen their investment in the country. In May, Caledonia said it could use some of the extra cash to acquire small brownfield operations in Zimbabwe, as part of a growth strategy beyond the shaft deepening project. President tweeted; I was delighted to officiate today at the formal signing of the partnership between the Government of Zimbabwe and…

BOTSWANA’S DIAMOND GIANT BANKS ON DEEP POCKETS TO RIDE OUT COVID CRISIS

Posted on August 21, 2020 by Gambeta News

De Beers, a diamond giant in Botswana is hopeful that the festive period will see a bounce back in earnings. The first half of the year witnessed a drop in earnings by 54% as a result of the COVID-19 pandemic. This slump also affects Botswana, as government revenues are derived from dividends, royalties and taxes. For De Beers, the festive period covering Thanksgiving in the United States, Christmas, the New Year and the Chinese New…

NAMIBIAN MINE WORKERS OFFERED VOLUNTARY RETRENCHMENT PACKAGE

Posted on June 30, 2020 by Gambeta News

Trevali Rosh Pinah Mine at Rosh Pinah mining settlement in the //Kharas region has offered its 429 workers voluntary retrenchment packages. In a letter dated 25 June 2020, the company’s management informed workers it has launched a series of consultations and negotiations with the employee leadership to look at ways to cut high operational costs. “It has always been our commitment to our employees that retrenchments would be the very last resort, which is why…

RWANDA AND ZIMBABWE SIGN MINING DEAL

Posted on August 29, 2019 by Gambeta News

Memorandum of Understanding (MoU) Signed between Rwanda and Zimbabwe to boost mining sector. Rwanda and Zimbabwe has sign an MoU that will aim to spur business and private sector involvement. This MoU will help the mining sector in promoting and creating more opportunities for citizens in both nations. The mining deal will bring both nations to work together in training, exchange resources management experiences as well as share expert employment in the mining sector. CEO…

NIGERIA’S MINING SECTOR TO RECEIVE US$3.32bn FROM PRIVATE INVESTORS

Posted on October 17, 2018 by Gambeta News

Nigeria mining sector set to get US$3.32 billion as private investors show interest. At the ongoing Third Annual Nigeria Mining Week in Abuja, Nigeria’s Minister of State, Mines and Development Alhaji Abubakar Bwari, said private investors are ready to commit about US$3.32 billion to fund projects in Nigeria’s mining sector. According to the minister the funds will be for financing gold mining and refining, lead/zinc exploration and production. It will also includes tin, tantalite and columbite…

AVESORO HITS MILESTONE PRODUCTION IN LIBERIA AND BURKINA FASO

Posted on April 11, 2018April 11, 2018 by Gambeta News

Avesoro have hit a major gold mining achievement in Liberia and Burkina Faso. Avesoro Resources Inc, a West African-focused gold producer have in Quarter 1 of this year achieve a landmark production at its New Liberty gold mine, in Liberia, and its Youga and Balogo gold mines, in Burkina Faso. The company produced 68,088 oz of gold at the end of March. Out of which New Liberty produced 27,870 oz while Youga and Balogo on the other hand, produced 40,218 oz. These production are in…

DRC MINING WEEK, EXPO & CONFERENCE

Posted on April 5, 2018 by Gambeta News

DRC MINING EXPO AND CONFERENCE PROVIDING MARKET INTELLIGENCE, STRATEGIC SOLUTIONS AND INNOVATIVE TECHNOLOGIES Grand Karavia Hotel, Lubumbashi, DRC 13-15 JUNE 2018 DRC Mining week basically provides an open dialogue between government, mining operators and also technologies services providers will strengthen productivity within daily operations in the region. The 2018 edition of the mining promises to be better than the previous year. The third edition will welcome the mining experts into a unique platform enhancing your…

WEST AFRICAN MINING AND POWER EXPO (WAMPEX) 2018

Posted on March 12, 2018 by Gambeta News

ACCESS THE MINING HUB OF WEST AFRICA ACCRA INT’L CONFERENCE CENTRE, GHANA 30 MAY – 1 JUNE 2018 West African Mining and power expo is an unrivaled international platform for business opportunities. Exhibitors from around the world participate at WAMPEX to showcase latest technologies, innovations and products. In addition WAMPEX runs alongside the West African Mining & Power Conference where senior government and industry heads and influencers discuss policy, legislation, challenges and market developments. After 24…

ELECTRA MINING BOTSWANA 2019

Posted on March 9, 2018 by Gambeta News

Africa’s leading mining, industrial and power generation expo. ELECTRA MINING; Gaborone Fairgrounds, Botswana from 10 Sep – 12 Sep 2019. Electra Mining Botswana is the Botswana home of Africa’s leading mining, industrial and power generation expo. Powered by Electra Mining Africa, also the trade in Botswana is basically for business growth . With so many potential customers and buyers in one place over 3 days, it’s your number one opportunity to generate on-site sales, quality leads…

ELECTRA MINING AFRICA 2018

Posted on March 6, 2018March 8, 2018 by Gambeta News

RICH GROUND FOR NEW CLIENTS ELECTRA MINING AFRICA 2018; Expo Centre Nasrec, Johannesburg, South Africa from Monday, 10 September to Friday, 14 September 2018. Electra Mining Africa creates avenue to connect with over 30000 visitors and watch your business grow . It also showcases new products to the market with massive outcome across the mining, industrial, electrical and power industry sectors. Electra Mining Africa delivers a great return on investment for exhibitors and in addition provides a…

PERSEUS COMPLETES FIRST GOLD POUR AHEAD OF SCHEDULE

Posted on January 29, 2018 by Gambeta News

Perseus mining has done her first gold pure ahead of schedule Perseus mining company completed its first gold pour in Ivory Coast one month ahead of schedule. The estimated capital cost of the full development of the mine and infrastructure, amounted to $107-million. As part of the implementation of its operations readiness plan for Sissingué, Perseus has recruited an experienced operating team under the leadership of General Manager Merlin Thomas. The team has…

ANNUAL GOLD PRODUCTION IN MALI UP BY 5%

Posted on January 18, 2018 by Gambeta News

Mali’s gold production increased by 5%. Production of gold in Mali increased by 5% from the previous year the figure exceeds the 46.9 t that Africa’s third-largest producer managed in 2016 and was well ahead a forecast of 45 t that the government had predicted half way through 2017. Karim Berthe, Deputy Director of Mali’s Department for Mines and Geology, said in a statement “There was real progress in the industrial mines … a net improvement…

BARRICK GOLD REPORTS US$11m LOSS

Posted on October 30, 2017 by Gambeta News

Barrick Gold Corporation announces US$11m loss due to Goodwill payoff agreement with Tanzania. The world’s largest mining company Barrick Gold Corporation has reported that it lost US$11m in the third quarter due to an increase of a tax provision related to a goodwill payoff of US$300m, the company agreed with Tanzania. Previously the tax provision of the company – which is the amount it agreed would be paid by its subsidiary Acacia to Tanzania was US$128 million…

ALIKO DANGOTE CRITICIZES PRESIDENT OF TANZANIA OVER POLICIES

Posted on October 12, 2017October 12, 2017 by Gambeta News

Foreign Investors stress worry over the recently signed government policy requesting a free 16% ownership in all foreign owned businesses President of Dangote Industries, Mr. Aliko Dangote expressed his frustration over the enacted law, stressing that Mr. John Magufuli (President of Tanzania) is “coming through the back door to seize assets”. He made this statement while attending a summit organised by the Financial Times, in London this week. The State Stake Law, makes it mandatory…

MINING ACTIVITIES COMMENCES IN GUINEA AFTER RIOTS

Posted on September 27, 2017September 29, 2017 by Gambeta News

Bauxite mining activities commences again in Guinea after dialogue with protesters. Protests and riots by enraged Guinean youths due to electricity cuts and lack of job and services had led to the halt of mining activities in the country, especially in the Guinea’s Boke region which is “home to two major companies that each produce about 15 million tonnes of the aluminium ore bauxite annually,” which makes up almost all of the country’s production. Mining…