Zambia has told Glencore that it plans to revoke the mining licences of its subsidiary Mopani Cooper Mines (MCM) because the company did not give enough notice before suspending its mining operations following the COVID-19 (coronavirus) outbreak. The Zambia Government’s Mining Licensing Committee secretary Michael Chibonga...
Endeavour Mining announced yesterday that an employee at its Houndé mine in Burkina Faso tested positive for coronavirus on Saturday and was subsequently placed under quarantine. The employee experienced mild symptoms after arriving at the site from the UK, but didn’t show any symptoms on arrival...
London-listed exploration and development firm Kodal Minerals has submitted a mining licence application for its Bougouni lithium project in Mali. As part of its mining licence application, Kodal completed a feasibility study for the project and submitted its contents to the Mali Government. The study envisages an...
South Africa’s mining industry body has made a statement urging President Cyril Ramaphosa’s government to take a number of critical steps needed to address the country’s ‘economic crisis’. The Minerals Council South Africa said it believes that insecurity of power supply is at the heart of...
ASX-listed Lucapa Diamond Company has reported a record year of production from its two African mines – Mothae in Lesotho and Lulo in Angola. The two operations produced 49,120 carats of diamonds in 2019 which helped the company make combined sales of US$55 million from the...
Africa-focused Rainbow Rare Earths has acquired ten mining claims in Zimbabwe as the mining junior looks to expand on its sole existing operation – the Gakara Rare Earth Project in Burundi. The London-listed and headquartered company said the licences will be held 100% by local subsidiary...
Barrick Gold Corp has announced a breakthrough deal with the Tanzanian government over a long-running tax dispute with its subsidiary company Acacia Mining. The tax deal will see Barrick pay a US$300 million settlement fee to Tanzania, who will in turn lift a concentrate export ban...
Zambia has decided against replacing its value-added tax (VAT) with a non-refundable sales tax, a move that has been regarded as a major concession to mining companies opposing the tax reform. In a budget speech on Friday, Finance Minister Bwalya Ng’andu said: “Government has decided to...
A new report by global consultancy Verisk Maplecroft has found that resource nationalism is set to increase across African mining jurisdictions in the near future. Verisk’s latest Resource Nationalism Index (RNI) had four African states in the top 10 highest risk countries, with Tanzania ranked second, eSwatini (formerly...
Mining companies operating in Mali will lose their right to value-added tax exemption during production, amongst other regulatory changes contained in a new mining code announced by the Mines Ministry. The new code in Mali will also shorten the ‘stability period’ during which miners’ existing investments...