News

LUSAKA (Reuters) – Zambia’s state mining investment arm ZCCM-IH has agreed to buy Glencore’s majority stake in Mopani Copper Mines in a $1.5 billion deal funded by debt and will seek a new investor, the government said on Tuesday. The sale follows Glencore’s attempt to suspend operations at Mopani last… Read more »

Sibanye Stillwater Ltd., one of South Africa’s largest precious-metals producers, offered to help the government’s vaccination campaign by inoculating hundreds of thousands of mineworkers and people living in communities near its operations. The company that employs about 84,000 workers has enough capacity at its 45 health and medical facilities to… Read more »

THE Zambian government had concluded its talks with Glencore about buying a majority stake in Mopani Copper Mines, said Reuters. The newswire quoted a report by Zambian state radio which cited the southern African country’s president, Edgar Lungu. It did not give details about the outcome of the negotiations. Zambia’s… Read more »

SOUTH Africa’s mining industry was confident of handling a surge in Covid-19 infections as the sector resumed full activities following the seasonal holidays, said BusinessLive. “The industry’s focus is back to prevention of infection, which is social distancing, masks and sanitation, as well as robust screening and testing protocols,” Charmane… Read more »

Oil giant has launched a landmark law allowing private investment into its massive mining sector within its Vision 2030 economic diversification plan, the local press reported on Sunday. Industry and Mineral Resources Minister Bandar Al-Khorayef endorsed the “mining investment law” on 1 January after it was approved by the cabinet… Read more »

Canada’s Aton Resources said on Monday that is ready to kick off an ambitious exploration drilling and development program focused on building Egypt’s second operating gold mine. The Vancouver-based miner said that while there are still potential bumps in the road due to covid-19, it is prepared to face them… Read more »

A British firm, Panthera Resources Plc, has announced that its associated company, Moydow Holdings Limited (Moydow), has commenced drilling at its Paimasa Project in Nigeria. The diversified gold exploration and development company with assets in West Africa and India, said the drilling commenced through Moydow’s joint venture company, Gurara Holdings… Read more »

Rebel fighters captured the southern diamond-mining city of Bangassou in the Central African Republic on Sunday, weeks after they were accused of an attempted coup and ahead of partial results from a tense presidential election. At least five rebels were killed and two army soldiers wounded in the clashes in… Read more »