Business

The expectations and priorities of a modern-day investor in the mining sector have significantly changed in line with global demand for more responsible and sustainable extraction of mineral resources. ESG, referring to the performance of investment portfolios against Environmental, Social and Governance (ESG) standards, has firmly established itself across the …

Tanzania continues to benefit from mining sector reforms, with the sector’s contribution to GDP in 2018/19 increasing to 5 per cent, up from 4.8 per cent the previous year. Since taking the office in 2015, President Magufuli has been pushing for more revenues from the mining sector. His government introduced …

Outotec has been awarded a contract by La Sino-Congolaise Des Mines SA, a joint-venture formed by companies from China and the Democratic Republic of Congo, for the delivery of copper solvent extraction technology to Sicomines’ project near Kolwezi in the Democratic Republic of Congo. The order value, approximately EUR 20 …

The deferral of the tranche 2 funding by Dankali and Africa Finance Corporation on the Colluli sulphate of potash venture in Eritrea allows time for the satisfaction of the remaining conditions. Sydney and London-listed potash development company, Danakali, and Africa Finance Corporation (AFC) have agreed to extend the deadline to …

With coronavirus affecting a lot of industries around the world and nearly crippling economies in its wake, there’s reason to believe that the pandemic will as well mar Africa’s mining, especially the sector of gold. Over the years, huge mining operations in Africa have generated significant profits for foreign companies. …

Restoring the livelihoods of households affected by resettlement is fraught with challenges, so it is vital that mines begin the process early and carefully monitor to see what is working and what is not. According to SRK Consulting, it is only quite recently that livelihood restoration has become a focus …

Barrick’s Tanzania subsidiary Twiga Minerals has resumed exports of gold concentrate after receiving clearance for its first shipments. The shipment is the first after the lifting of a government ban imposed during a tax dispute with the mining company. The dispute originally involved Acacia Mining, which was taken over by …

Set to help mine planners, designers prepare prospective regions accurately MICROMINE has expanded its suite of intuitive mine planning tools which will be available in a significant upgrade pack to be released next month, the company has revealed. The software specialist, which is a market leader in mine design and …

Athi River Mining (ARM) is reportedly seeking to dispose of its Rwanda and South African subsidiaries to pay off $284 million owed to creditors. The troubled cement maker has a mountain of debts owed to creditors in Kenya ($170 million), Tanzania ($110 million) and Rwanda ($4 million). Administrators of the …

The final rehabilitation of the 240km Nairobi-Nanyuki railway line lastly used in the late 1990s is gaining momentum with the arrival of train wagons at Nanyuki terminus. The project expected to unlock Central Kenya region’s economic potential. To the residents of expansive Central Kenya, the railway line revival means a …