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...
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...