Randgold Resources had to haul heavy equipment more than 1 000 miles to build the roads and hydropower plants needed to construct its Kibali gold mine, the biggest in Democratic Republic of Congo. The sprawling facility in a remote corner of a country the size of Western Europe is a …
Read More »Competition in African gas sector heightens
Slow development of gas economy in South Africa may push investors into other investment addresses. Wayne Lindecke, engineering consultant WSP power generation director said developers may focus their attention on other parts of Africa or other parts of the world where similar opportunities exist if South Africa does not speed …
Read More »Companies sell ETFs as gold underperforms
The international gold exchange-traded fund (ETF) market is suffering, owing to the poor performance of the gold price in 2013, the South Africa-based investment banking division of Barclays Africa exchange traded products head Vladimir Nedeljkovic said. He says, while gold ETFs in South Africa have remained static, as investors are keeping …
Read More »Poynting’s MinePoynt antennas makes wireless work underground
Poynting has a complete WiFi and cellular range of antennas which are supplied locally and internationally. Of particular interest, is the circular polarised helical antenna range used in mines and tunnels called MinePoynt antennas These antennas are specifically designed for mines and tunnels, as the circular polarisation has proved to …
Read More »Oranto Petroleum enters Zambian market
Pan-African explorer Oranto Petroleum is farming into two exploration blocks located onshore Zambia, as part of the company’s first investment in the country. “Oranto Petroleum is committed to an aggressive work program to increase the level of prospectivity in one of the world’s last true frontier markets,” said Prince Aurthe …
Read More »Tanzania’s regulation put on spotlight
African Influence Exchange (AIE) international researchers will next month host the Tanzania Mining Law, Local Content Policy & Tax Regime event in Dar es Salam. The briefing will provide insight into the nine new mining regulations and orders of Tanzania and will also offer two interactive workshops on the Tanzania …
Read More »Walkabout acquire remaining Lindi stake
Graphite developer Walkabout Resources has acquired the remaining 30 percent interest in the Lindi Jumbo graphite project, in Tanzania, for $1-million. Trevor Benson, Executive chairperson said the purchase of the remaining stake in the project would see a huge value adding transaction to Walkabout. “The passing of this significant project …
Read More »PML workers retrenchment on the cards
Acacia Mining a subsidiary of Pangea Minerals Limited (PML) has announced plans to cut down its workforce next month. The development is attributed to the company’s intentions to cut operating costs. “Extraction operations in the mine will come to an end by 2020. The new cut will include employees in …
Read More »1000th Forevermark store opens in China
De Beers Group’s diamond brand Forevermark has launched Libert’aimeTM , a new flagship store at HKRI Taikoo Hui in Shanghai, China. The opening marks the 1,000th Forevermark store in China, and comes as the brand celebrates its 10-year anniversary in the country. Created to celebrate the spirit of a new generation …
Read More »Syrah signs BAM site purchase agreement
Syrah has signed a purchase agreement for an industrial site for its Battery Anode Material (BAM) development in Vidalia, Louisiana. The development is the next step following the letter of intent previously announced on the (refer to quarterly update. Under the terms of the agreement, the purchase price of US$1.225 …
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