Tag: Mining
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The governor of South Kivu in the Democratic Republic of Congo has suspended mining operations
The governor of South Kivu in the Democratic Republic of Congo has suspended mining operations in the province also directed companies and operators to vacate the mining sites. Governor Jean-Jacques Purusi Sadiki stated that the suspension, effective until further notice, was due to “disorder caused by the mining operators,” though he did not provide additional…
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Burkina Faso to withdraw mining permits granted to companies from countries that refuse to sell military equipment to the country
The announcement was made by the country’s leader, Captain Ibrahim Traore, during an address to the nation. “Some [powers] have refused to sell us [military] equipment, have blocked the equipment we have bought from certain countries because they have the license for certain components,” President Traore said, adding that “these powers mine minerals in Burkina…
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Zambia mining company to fuel progress with 300 MW coal-fired power plant
Zambia’s Maamba Collieries will build it over two years starting in August, its local shareholder ZCCM-IH announced. The country has been importing and rationing electricity after a drought hit hydropower generation, the main power source for Africa’s second-largest copper producer. “The project’s total cost is estimated at $400 million, with a consortium of debt investors…
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Mozambique: Government Withdraws Mining Licenses in Cabo Delgado
The authorities in the northern Mozambican province of Cabo Delgado have ordered the withdrawal of mining licenses because some businesses, which were granted licenses years ago, are not investing. According to the Director of the Provincial Infrastructure Service in Cabo Delgado, the province had 595 mining titles, but because they were unused at least 200…
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De Beers ditches lab-grown diamonds as it looks beyond Anglo
De Beers will ditch a controversial experiment to sell lab grown diamond jewelry, ending a six-year program that broke one of its oldest taboos. While the company long held the technology to make synthetic gems, it always refused to sell them as jewelry, fearing they would undercut the allure of natural stones. Yet as man-made…
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Zimbabwe mining boss arrested for fraud
The Zimbabwe Miners Federation (ZMF) president has been arrested for fraud after allegedly attempting to sell three mines she does not own. Police spokesperson Paul Nyathi told local media that Henrietta Rushwaya had been taken into police custody after receiving a complaint about mining transactions. Nyathi added that Rushwaya was “assisting police with investigations”. She…
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In Senegal, Dangote follows the phosphate vein
While in Dakar to be decorated by Macky Sall, Aliko Dangote announced an investment of one billion dollars in phosphate. A project considered for a time in Togo. Nigerian billionaire Aliko Dangote announced an investment of over $1 billion to develop a phosphate project in Senegal. The announcement came on Friday, February 2, following fruitful discussions…
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Pan African storms back but investors sit on sidelines
PAN African Resources CEO Cobus Loots rowed back on comments the company could produce more gold than forecast saying on Wednesday current guidance of 180,000 ounces for the 12 months ended June would represent “an excellent performance”. Gold production for the six months was 6.7% higher year-on-year at some 98,458 oz, higher than a 94,000 to 98,000…
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🇬🇭 Illegal mining threatens Ghana’s cocoa industry
Ghana, the world’s second-largest cocoa producer; after Ivory Coast, is facing increasing risks to its bean crop from illegal miners and smugglers, according to industry officials, farmers and environmentalists. At a time when Ghana is going through one of the worst economic crises in its history, with inflation reaching 26.4% in November, illegal mining, known…
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panafrican.email: Unveiling Africa’s Resource Wealth: The Top Ten Mineral-Rich Nations on the Continent
Africa is a continent known for its vast and diverse mineral wealth, playing a pivotal role in the global mining industry. In this article, we delve into the top ten mineral-rich African countries, showcasing their significant contributions to the world’s resource landscape. 1. **Democratic Republic of Congo (DRC):** The DRC stands out as a mineral…
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