Mining

These are extractive activities excluding oil and gas

Guinea losing patience with Rio Tinto

Guinea losing patience with Rio Tinto

Guinea is stuck in a painful marriage with Rio Tinto Group. Business Day reports that the West African nation is unhappy that Rio is taking so long to develop Simandou, the world’s largest untapped iron-ore deposit. But with a $20bn bill and prices near a seven-year low making major companies rein in spending, it is difficult […]

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Tanzania – Loan to boost country’s small-scale mining sector

By on May 22, 2015 in Mining with 0 Comments
Tanzania – Loan to boost country’s small-scale mining sector

The World Bank has approved a US$45m loan for Tanzania, Africa’s fourth-biggest gold producer, to help improve its mining sector especially among small-scale producers. Reuters Africa reports that according to Philippe Dongier, the bank’s country director for Tanzania, the funds will help to create a viable domestic mining industry in poor, rural areas where unregulated artisanal […]

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Seeking clarity on Zimbabwean mining tax

By on March 2, 2015 in Mining, Regulation, Taxation with 0 Comments
Seeking clarity on Zimbabwean mining tax

Aquarius Platinum is seeking clarity from the Zimbabwean government on a tax that could derail an $82m expansion project at the Mimosa mine it shares with Impala Platinum . Business Day reports that the Zimbabwean government tabled an export tax of 15% on revenue in 2013 to force mining companies to beneficiate their minerals in the country. […]

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Mozambican Government enabling transport of coal

By on March 1, 2015 in Coal, Infrastructure, Mining with 0 Comments
Mozambican Government enabling transport of coal

Mozambican Transport Minister Carlos Mesquita has announced that the government is establishing all the necessary conditions to guarantee that mining companies are able to move the coal they extract from the Moatize coal basin, in the western province of Tete , to the sea, says an AIM report. The companies have long expressed concern at […]

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Zambia: Reverse of mining tax decision may be too late

By on February 26, 2015 in Mining, Taxation with 0 Comments
Zambia: Reverse of mining tax decision may be too late

Plans by Zambia’s new president to reverse a hike in mining royalties may come too late to revive investment in the sector, with confidence among foreign mining companies shaken and neighbouring Democratic Republic of Congo looking a potential better bet. Engineering News reports that eager to fill a hole in its finances, the government said last […]

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Mining an important channel for investment

By on February 25, 2015 in Mining with 0 Comments
Mining an important channel for investment

Despite the challenges faced by the mining industry in Africa, mining continues to be the most important channel for foreign investment for several countries on the continent. ‘Well-considered investment provides opportunities for real social gains. The ideal outcome is for mining to help countries become more resilient,’ Rio Tintodiamonds and minerals CEO Alan Davies said […]

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Africa’s Energy potential continues to grow

By on February 24, 2015 in Home, Mining, Oil & Gas, Power, Regulation, Renewables with 0 Comments
Africa’s Energy potential continues to grow

Africa had the potential to be one of the biggest providers of energy in the world, but was still seen as a ‘good for nothing’ continent, particularly with regard to USinvestment, World Energy Council (WEC) Africa vice-chair Bonang Mohale is quoted in a Polity report as saying. Addressing delegates at the recent Africa Energy Indaba […]

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Platinum tax remains in Zimbabwe

By on February 14, 2015 in Mining with 0 Comments
Platinum tax remains in Zimbabwe

Zimbabwe will keep a 15% export tax on unrefined platinum for now because mines have failed to provide a roadmap on how they plan to set up a local refinery, Finance Minister Patrick Chinamasa said. Fin24 reports that President Robert Mugabe’s government first proposed the levy in 2013 in an effort to push mines to […]

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Rio Tinto to reopen mine in Guinea after Ebola Epidemic eases

By on February 12, 2015 in HSSE, Iron Ore, Mining with 0 Comments
Rio Tinto to reopen mine in Guinea after Ebola Epidemic eases

Rio Tinto Group is preparing to restart work on developing the world’s largest untapped iron-ore resource after West Africa’s Ebola crisis curbed progress on the US$20bn project, reports Business Report. Rio now expects a feasibility study on the project in south-eastern Guinea to be completed this year and will resume construction projects stalled amid the […]

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Zambia minister says payment of mining royalties can be deferred

By on February 11, 2015 in Mining with 0 Comments
Zambia minister says payment of mining royalties can be deferred

Zambia’s commerce minister said on Tuesday that payment of mining royalties, which Zambia recently increased, can be deferred until companies have sufficient cashflow if they are not in a position to pay immediately. Zambia’s government said last year that it would scrap a corporate income tax of 30 percent while increasing mining royalties for companies […]

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