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• Zimbabwe: Empowerment Law Threatens Major SA Investment

  Created: 2010-02-27 11:30:18 Author: Zimbabwe Standard - Nkululeko Sibanda

  Harare — PLANS by South Africa's diversified mining group African Rainbow Minerals (ARM) to invest in Zimbabwe's mining sector are facing resistance from shareholders worried about the new indigenisation law.

  ARM chairman, Patrice Motsepe who ...

• Tanzania: Learn More, Official Tells Mine Workers

  Created: 2010-02-27 11:05:40 Author: Zephania Ubwani - The Citizen (Dar es Salaam)

  Arusha — A senior official in the Ministry of Energy and Minerals has challenged Tanzanians working in private mining firms to vie for top positions.

  Mr Benjamin Mchwampaka, the northern zone mining officer, called on local employees of the fo...

• Zambia: Lumwana Mining Company To Empower Local People

  Created: 2010-02-26 11:50:17 Author: The Times of Zambia

  The initiative taken by Lumwana Mining Company in Solwezi to empower local people through support to small and medium enterprises (SMEs) is a practical demonstration of what partnership between industry and the community is all about.

  Lumwana ha...

• Zambia: As PS Commends the Mining Firm

  Created: 2010-02-26 11:47:20 Author: The Times of Zambia

  COPPERBELT Province Permanent Secretary Villie Lombanya has commended First Quantum Minerals (FQM) for taking up a leading role in the preservation and promotion of health in communities on the Copperbelt and North-Western provinces.

  Mr Lombanya...

• Zimbabwe: Brown New Zimplats Board Chairman

  Created: 2010-02-26 11:43:00 Author: The Herald

  Harare — IMPALA Platinum Holdings chief executive Mr David Brown is the new Zimplats board chairman with effect from March 1.

  His appointment follows changes to the board that were necessitated by the resignation of some directors. Impala Plat...

• Botswana: AK6 Recovers Higher Value Diamonds

  Created: 2010-02-26 11:23:58 Author: Brain Benza - Mmegi

  A new valuation of diamonds recovered from the Boteti Project's AK6 kimberlite in the Orapa-Lethlakane diamond district has shown a value of US$162 per carat, which is US$23 higher than previous studies.

  A state...

• Botswana: Earthmoving Firms Agree - Mining is On the Upswing

  Created: 2010-02-26 11:20:28 Author: Mbongeni Mguni - Mmegi

  Looking at growth in sales of earthmoving equipment to Botswana's mining industry since the beginning of this year, activity is returning to the sector that still remains the country's lifeblood.

  Traditionally, the mining sector's recovery or de...

• Zimbabwe: Diamond Industry Lashes Out at KP over Blood Diamonds

  Created: 2010-02-26 10:55:06 Author: Alex Bell - SW Radio Africa (London)

  Leaders in the global diamond industry have lashed out at the international trade watchdog, the Kimberley Process, for allowing Zimbabwe's blood diamonds to reach the consumer market.

  The diamond trade monitor i...

• South Africa: Exxaro to Take Knock From Mining Royalties, Eskom Hike

  Created: 2010-02-26 10:53:01 Author: Bheki Mpofu - Business Day

  Johannesburg — DIVERSIFIED resources group Exxaro said yesterday it expected the new mining royalties legislation, which comes into effect next month, and Eskom's latest tariff increase to affect future earnings.

  The company expected to pay ab...

• Tanzania: African Barrick Gold Targets Sh1.3 Trillion in Initial Public Offer (IPO)

  Created: 2010-02-25 11:41:13 Author: The Citizen (Dar es Salaam)

  African Barrick Gold (ABG), the new company, which has taken over four gold mines in Tanzania, hopes raise up to $1 billion (about Sh1.3 trillion) when it sells 25 per cent of its stake to investors in London next month.

  According to reports rel...

• South Africa: Mining Glad Increase not Worse but Wary About Long-Term Effect

  Created: 2010-02-25 11:37:00 Author: Bheki Mpofu - Business Day

  Johannesburg — THE mining industry yesterday welcomed the latest annual tariff hikes of about 25% over the next three years granted to Eskom but said they were still too high and could affect the industry in the long term.

  The increases have r...

• Botswana: BDP-De Beers Sleaze - Finally a Secret Told

  Created: 2010-02-25 11:34:48 Author: Greg Kelebonye - Mmegi/The Reporter

  The absence of legal instruments that make it compulsory for government and politicians to share information remains the bane of our so-called democracy.

  Take for instance the fact that it took 25 years for the ...

• Zambia: KCM Launches Scholarship Awards

  Created: 2010-02-25 11:33:31 Author: The Times of Zambia

  KONKOLA Copper Mines (KCM) has launched scholastic awards which will see 24 best performing pupils win full KCM sponsorship for one calendar year.

  And Chingola District Commissioner Toby Maliti has said the Government is happy with KCM's contrib...

• Zimbabwe: SA Engineering Firm Eyes Mining, Water Sectors

  Created: 2010-02-25 11:31:53 Author: The Herald

  Harare — SOUTH African-based consulting engineering and scientific firm SRK Consulting has set its sight on investing in Zimbabwe's mining and water sectors.

  The firm is positioning itself for an aggressive expansion into the African market by...

• Zimbabwe: Mugabe Sucked Into Diamond Saga

  Created: 2010-02-25 10:57:30 Author: Dumisani Muleya - Zimbabwe Independent

  Harare — PRESIDENT Robert Mugabe is caught in a sticky situation over the raging diamonds conflict, facing an explosive confrontation with the Reserve Bank and the Supreme Court.

  Official sources said Mugabe is sailing close to the wind on the...

• Botswana: P40 Million Diamond Transfer Facility Complete

  Created: 2010-02-25 09:15:30 Author: Baboki Kayawe - Mmegi/The Reporter

  Government has spent P40 million in the construction of a high level Secure Transfer Facility (STF) for diamonds at the Sir Seretse Khama International Airport as it moves ahead with plans to turn the country into a global diamond centre.

  The tr...

• Botswana: Jwaneng Braces for Cut 8's Impact

  Created: 2010-02-24 11:38:44 Author: Mbongeni Mguni - Mmegi/The Reporter

  Jwaneng Town, with a population of about 18,000 people, is bracing itself for the influx of more than 2,000 workers assembling in the mining town to accelerate the P3.4 billion expansion of the Debswana mine pit.

• Zimbabwe: Implats Seeks Clarity On Indigenisation Law

  Created: 2010-02-24 11:29:00 Author: The Herald

  Harare — PLATINUM miner Implats says it is seeking clarification with Government over "outstanding issues" and the latest indigenisation statements as it seeks direction over expansion projects.

  Implats chief executive Mr David Brown told Sout...

• Zimbabwe: Kingdom Sets Up U.S.$800,000 Fund for Small-Scale Gold Miners

  Created: 2010-02-24 11:20:18 Author: Edward Mukaro - The Herald

  Harare — THE Zimbabwe Gold Miners' Association has secured a US$800 000 revolving fund from Kingdom Bank to buy gold.

  Deputy Minister of Mines and Mining Development Murwisi Zwizwai hailed the move, describing it as a milestone that could get ...

• South Africa: Ferro Metals Builds Inventory as Prices Increase

  Created: 2010-02-24 11:14:42 Author: Charlotte Mathews - Business Day

  Johannesburg — LONDON-listed and South African-based ferrochrome producer International Ferro Metals (IFM) has been building its inventories to take advantage of recent higher ferrochrome prices, it said yesterday.

  SA is the largest global pro...