miningmx

Fortin squares up to SA's Exxaro

by David McKay | 19-Feb-07 18:00 | add a comment

Gecamines boss says why he's happy to see Exxaro Resources and First Quantum Minerals in court. He also comments on 12 months of turning the DRC base metals company around. Read ›

Zambia, miners heading for collision

by David McKay | 10-Feb-07 19:10 | add a comment

The government of Zambia has given mining firms operating in its borders no chance of avoiding a higher royalty. Depending on what mining firms do, this could lead to an unhealthy legal squabble. Read ›

Cobalt output to steady market

by David McKay | 10-Feb-07 19:00 | add a comment

The massive increase in production of cobalt from Africa is expected to improve the metal’s market rather than damage it, says Tenke Mining Corporation’s Paul Conibear. Read ›

Gecamines $1bn debt may be forgiven

by David McKay | 10-Feb-07 15:00 | add a comment

Paul Fortin, CEO of the Democratic Republic of Congo base metals company, Gecamines, said $1bn in debt was probably classified as sovereign debt and could be forgiven by organisations such as the Lond Read ›

No let up in First Quantum deals

by David McKay | 10-Feb-07 14:00 | add a comment

Toronto’s First Quantum Minerals said it was possible it could sustain its recent record of one copper-related acquisition per year. Read ›

Moto clearing political bombs

by David McKay | 10-Feb-07 13:00 | add a comment

After more than a year of dispute with Okimo MD, Victor Kasongo, Moto Goldmines believes it has an enforceable agreement that secures its rights to develop a $269m gold mine in the DRC. Read ›

Miners may consider royalty arbitration

by David McKay | 09-Feb-07 17:41 | add a comment

Mining companies already generating mineral sales from Zambia may resort to arbitration if the country’s government insists on imposing a higher annual royalty. Read ›

Gecamines to honour partnerships

by David McKay | 09-Feb-07 14:00 | add a comment

The Democratic Republic of Congo's base metals company was to renegotiate partnerships with foreign investors but economic benefits would not be changed - a development that would be "difficult to do" Read ›

Africa raising stakes on investment

by David McKay | 09-Feb-07 14:00 | add a comment

There’s a growing belief among African governments that they should get more from foreign mining company investments, perhaps explaining why they are edging towards higher taxation, and fatter royalti Read ›
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