Off The Wires

Africa urged to adopt fiscal consistency

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Africa's governments have been warned to improve fiscal transparency and consistency or imperil new investment.

African Energy at centre of regional hub

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African Energy was about to embark on an "aggressive" expansion programme in Botswana that would establish it at the centre of a regional power hub.

Africa exploration tough to finance: Nedbank

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Australia's mining sector should not expect the same level of interest in African exploration markets during the current market crunch.

Africa to support mining supply: Welborn

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Markets should not under-estimate the benefits mining can deliver to Africa as it grapples with a population explosion, said John Welborn, CEO of Resolute Mining.

Tiger to boost Congo Tipol project a third

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Tiger Resources to draw down on $137m credit facility in effort to boost Congo's Kipol copper project a third.

New IRP to allow greater nuclear component

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An updated version of the South Africa's Integrated Resource Plan will allow a greater contribution from nuclear power to comply with 2009 climate change talks.

Sibanye miners agree to end illegal sit-in

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Some 1,200 employees at one of Sibanye Gold's Driefontein shafts have agreed to return to surface after embarking on an illegal sit-in on September 1.

China demand will take gold to $1,200/oz

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Increased demand for gold from China is expected to lift the price of the metal to $1,200/oz compared to $1,142/oz currently.

Zimplats posts $74m loss after losing tax dispute

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Zimplats posted only its second annual loss after paying a hefty one-off tax repayment of some $55m.

Zambia suspends mining license activity

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Zambia has suspended the award, renewal and transfer of mining rights whilst it examines the regulatory framework following adjustments in mining legislation.