Media
Security risk on the rise in the Sahel
Gold miners in West Africa’s Sahel region are increasingly getting caught up in the struggle between armed groups and security forces, as the security situation deteriorates.
Read MoreGuinea names AngloGold alum as minister
The ruling junta of Guinea has appointed an ex-AngloGold Ashanti executive as mines minister, in a move that analysts said would be “reassuring” for miners.
Read MoreZambia’s mineral royalty plan “a step in the right direction”: CoM
Zambia’s plan to remove mineral royalty taxes non-detectability was “a step in the right direction” towards full reform of the mining tax regime, Zambia Chamber of Mines President Godwin Beene said. Finance minister Situmbeko Musokotwane, in his first budget since elections in August, said Oct. 29 the new government would aim to reintroduce the detectability…
Read MoreGuinea’s military junta will strive to keep miners on board
Guinea will seek to avoid scaring off miners of its bauxite and iron-ore minerals after the coup which brought Colonel Mamady Doumbouya to power. Mining majors include Rio Tinto, Rusal, Alcoa and Chinalco.
Read MoreCivil unrest hits South African mineral supply chains
Port, rail and road transport operations in South Africa have been disrupted by ongoing civil unrest and violence, with several notices of force majeure issued, impacting the transportation of mined raw materials.
Read MoreEx-South Africa President Jacob Zuma ordered to serve 15-month prison sentence
South Africa’s Constitutional Court has sentenced former President Jacob Zuma to 15 months in prison for contempt of court. Zuma was found guilty by the country’s highest court after he defied its order to appear at a corruption inquiry centered on his time in power between 2009 and 2018.
Read MoreAhmed win good for mining in Ethiopia: analyst
A win for Ethiopia’s incumbent prime minister Abiy Ahmed in this week’s general election will be a good result for mining companies as his Prosperity party looks to the sector to revive the country’s battered economy, Piers Dawson, Associate Director at consultancy Africa Matters told Mining Journal.
Read MoreGhana’s sustainable bonds will help government finances more than environment
Ghana’s forthcoming sale of $1 billion in sustainable bonds is likely to succeed – but may deliver less in terms of ESG impact than lenders hope. The sale, planned for July, is billed as Africa’s first sale of “social debt”. Part of the money will be used to pay for educational and environmental projects. After…
Read MoreRecord copper prices double-edged sword for Zambian miners
Copper mining companies in Zambia, Africa’s second-largest producer of copper after the Democratic Republic of Congo, are at odds with the record prices of copper, which have brought them significantly higher royalty bills than previously under the country’s current tax regime.
Read MoreMozambique’s insurgency raises risk of government debt default
The receding chances of onshore liquid natural gas (LNG) production starting on time in northern Mozambique will leave a hole in public finances and increase the danger of a debt default. The seizure of the town of Palma in Mozambique’s northern Cabo Delgado province by Islamist militants in March burst a bubble of complacency surrounding…
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