Tag: Mining Industry
🇱🇷 Liberia: Gov’t Announces Revised Fee Structure for Mining Licenses, Permits
The regulation also prescribes royalty rates for various minerals, such as 3% for gold and diamonds, 5% for iron ore, and 8% for strategic minerals. Application fees for licenses range from $50USD to $150USD, depending on the type of application. According to a joint statement from the Ministries of Mines & Energy and Finance and…
🇱🇷 The Money Trail in Liberia’s Iron Ore Industry: Accountability, Beneficiaries, and Oversight
Liberia, rich in natural resources, is one of Africa’s largest producers of iron ore, a vital raw material for steel production. However, questions about transparency and accountability have persisted for decades, especially concerning where the revenue from iron ore exports ends up. As large quantities of iron ore leave Liberia’s shores, many citizens are left…
Study sheds light on how gold reaches the Earth’s surface
Did you know gold is more plentiful than lead when you analyze the bulk composition of the Earth? You’re probably thinking, ‘Wait a minute, I thought gold was rare!’ deposits. Combining the results of this study with existing studies ultimately improves our understanding of how gold deposits form and can have a positive impact on…
Ghana’s Youth Unemployment Crisis and the Rising Tide of Galamsey: A Call to Action for the Diaspora
Ghana, once lauded as a beacon of stability and economic potential in West Africa, is grappling with a critical unemployment crisis, particularly among its youth. With limited opportunities for formal employment, many young Ghanaians are turning to illegal gold mining, locally known as galamsey. This informal and often dangerous activity has grown into a national…
🇳🇪Niger Takes Control of Uranium Mine Amid Growing Rift with France
The diplomatic spat between Niger’s military-led government and its former colonial power, France, has taken a dramatic turn. In a move that underscores the shifting dynamics of control over Africa’s natural resources, Niger’s junta has seized control of the Somair uranium mine, which had been operated by the French nuclear energy company, Orano. The Somair…
🇿🇦 South Africa sets up inter-agency team to help bring illegal miners to the surface
Authorities in South Africa have put together a team including mine rescue experts to come up with a plan to bring to surface illegal miners On Friday (Nov. 15), a government delegation led by the police minister visited the site and engaged with the community and relatives of the miners who remain under a disused…
🇿🇲🇨🇳 China pledges $5 billion investment in Zambia’s mining sector through new association
China has officially launched the Chinese Mining Enterprise Association in Zambia (CMEAZ), a strategic initiative aimed at boosting the Zambian mining industry with a projected $5 billion investment by 2031. The launch event took place in Lusaka on November 12, where Zambia’s Mines and Minerals Development Minister, Paul Kabuswe, highlighted the significant role this association…
🇲🇱 Mali detains 3 Australian mining firm executives
Three expat executives from Australian company Resolute Mining, which owns a gold mine in Mali, have been detained for questioning, industry and judiciary sources told AFP on Saturday. It is the second time in just over a month that employees of a foreign mining firm have been detained in Mali, as the ruling military junta…
🇬🇭 Ghana opens its largest single gold mine
Ghana has commissioned its largest single gold mine in a historic milestone. The mine, established by Chinese-owned company Shandong Gold through its subsidiary Cardinal Namdini Gold Limited, is located in the Talensi District of the Upper East Region. The open-pit mine is expected to operate for 15 years, producing around five million ounces of gold…
Zambia’s Copper Wealth: The Exploitation by Multinational Giant Glencore
Zambia, a landlocked country nestled in the heart of Africa, is home to one of the world’s largest copper reserves. Known as “the Copperbelt,” the region has historically attracted international attention for its rich mineral resources, positioning Zambia as a crucial player in the global copper market. However, beneath the surface of this wealth lies…
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