Friday, November 17, 2017

A law requiring foreign owned firms to sell majority stakes in their business should be scrapped, an industry official has said.

At least 13 artisanal miners have died in Guinea after a mine where they were digging for gold collapsed, the Guinea government said.

Gold slipped on Friday following US data and fresh demand for physical gold remained scarce, analysts said.

The Zambian government has chosen China's NFC Africa to run its Luanshya Copper Mines due to reopen in May.

Electricity demand is expected to increase in South Africa as the winter approaches but is unlikely to cripple the country's mining sector.

Brazilian miner Vale declared force majeure on iron ore it was contracted to deliver on the domestic market after flooding on a key train line.