Zambia to double mining’s contribution to GDP
Zambia plans to double the contribution of the mining sector to its GDP to 20% to enable the country get more benefits from its natural resource, says mines minister Wylbur Simuusa.
Malawi, Vale ink $1bn rail line deal
Malawi has signed a $1bn deal with mining giant Vale for construction and rehabilitation of a rail line to transport 18 million tonnes of coal from Mozambique.
RBCT gilds the lily on coal exports
Coal export statistics for 2011 released by the Richards Bay Coal Terminal are not as good as they look and only marginally above what was achieved in 2010.
Lonmin’s pains hit CEO Farmer’s pocket
Lonmin CEO Ian Farmer had to let go of some R3m’s worth of incentive shares in the last two months, following the miner’s failure to meet targets.
Codelco fires riposte, labels Anglo ‘erratic’
Negotiations between the two parties appear to have all but ground to a halt as Codelco launches emotionally charged legal response to Anglo American.
Namibia uranium output down on poor weather
Namibia's uranium production fell in the first 10 months of 2011 compared with the previous year, but output is expected to rise as expansion projects come online.
African Iron to unveil Exxaro offer
A trading halt was applied to African Iron shares today amid wide expectations a takeover offer from Exxaro Resources will be announced later this week.
Limpopo lifts the veil on Coal India talks
The Limpopo government has acknowledged its proposed partnership with Coal India, saying the JV will shop for greenfield assets and early stage projects.
Zimplats ‘hit with $28m royalties bill’
Zimbabwe has instructed the bankers for Zimplats to pay $28.3m in outstanding royalty payments, which the platinum miner is disputing, reports state media.
TFR, RBCT deliver one big push in December
Richards Bay Coal Terminal put in a strong performance during December, lifting SA’s coal exports for 2011 above the figure achieved the previous year.