Business

A report by the International Union for Conservation of Nature (IUCN) has revealed that the artisanal and small-scale gold mining sector are the force behind the flow of trade in mercury, this is despite the heavy metal’s risk to health and environment. The report titled “Opening the black box: Local …

Aim-listed Goldplat’s South African gold recovery operations maintained profitability during the quarter ended March 31, recording an operating profit of £843 000. This contributed to an operating profit of £3.4-million for the South African operations for the nine months ended March 31, which is a considerable increase on the £1.5-million …

ASX-listed Danakali is proceeding with Phase 2 of the engineering, procurement, construction and management (EPCM) at its Colluli potash project, in Eritrea. The Colluli project is 100% owned by the Colluli Mining Share Company (CMSC), a joint venture between Danakali and the Eritrean National Mining Corporation (Enamco). CMSC’s aim is …

The current Covid19-related economic challenges both locally and throughout the Africa starkly highlight the need for pan-African companies and governments to support African supply chains, and in so doing, to boost economic activity on the continent. This can be achieved by procuring the production of goods and services for infrastructure …

The COVID-19 outbreak presents significant challenges and is likely to have a materially negative impact on the global economy, in our view. We believe commodity prices could fall closer to trough levels in the near term and make significant cuts to mining companies’ earnings forecasts. We believe negative earnings momentum …

The free online event will feature world-class speakers, insightful programme, matchmaking. The organisers of African Utility Week and POWERGEN Africa have announced that a free, virtual conference will take place in May. “Although the event was recently postponed to November,” says event director Evan Schiff, “we recognise that the need for information, expert …

Mining software solutions provider MICROMINE has launched a new pay-as-you-go subscription model for African clients to keep pace with industry need. The Australian-headquartered company, with a regional office based in Johannesburg, offers software solutions that span the mining lifecycle – from geological exploration and data management to resource estimation, 3D …

The German manufacturer of heavy machinery for mining, tunnelling and civil engineering, GHH has unveiled a new dump truck, the New MK-42. According to the company, through a press statement, the dump truck consists a payload of up to 45 tonnes, which is not only one of the largest of …

Even in these uncertain times, traditional diamond producers remain confident about future demand. Despite the current COVID-19 outbreak, on Friday (27th March), Anglo American announced that production will continue across several African diamond assets with considerably reduced employee numbers. Individual mines will continue operating with only 50% of workers remaining. …

Civil Society Organisations in Uganda are demanding that the government takes up appropriate action to close loopholes that are hurting mining tax revenues in the country. This call was made in reaction to the Auditor General’s Report which concluded that under assessment of payment of royalties in the mining sub-sector …