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...
West African countries will drive the next gold mining boom in Africa as the industry continues to decline in Southern Africa, according to the continent’s largest asset manager Public Investment Corporation (PIC). Investor-friendly policies and low cost deposits in countries such as Ghana, Mali, Burkina Faso,...
Family-run, South African drilling company Rosond has secured a contract with Kumba Iron ore worth R2 billion, replacing larger firms Master Drilling and Geoserve Exploration Drilling at two mines in the Northern Cape. Rosond has worked on a greenfield exploration drilling programme for Anglo American-owned Kumba...
The Tanzanian government has lifted a ban on Acacia Mining exporting gold from its flagship mine, although the long-running dispute is set to continue after the country’s mining commission said it found regulation breaches at the North Mara mine. The gold miner was handed the ban...
Resolute Mining has announced the acquisition of fellow West African miner Toro Gold for a fee of US$274 million, expanding its West African portfolio into Senegal in the process. The deal will see ASX and LSE-listed Resolute take immediate control of Toro and its Mako Gold...
As South Africa’s platinum giants continue wage talks with labour unions, it has emerged that producers could push towards a pay settlement figure given to gold miners by Sibanye-Stillwater earlier this year. Sibanye agreed to increase the pay of workers at its three gold mines by...