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Barrick pays initial amount, receive clearance to resume shipment

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 …

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MICROMINE UPGRADE COMING SOON!

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 …

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ARM look to dispose of its Rwanda, SA subsidiaries

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 …

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