Metorex sets up next DRC project
Metorex more than doubled profits in the six months to June which should please new
owners Jinchuan whose bid for the company was overwhelmingly accepted by
shareholders on Friday.
Namakwa may get $30m credit back
Namakwa Diamonds, which owns Africa’s largest undeveloped diamond mine, is in discussions with its lender to reinstate a $30m credit line.
Impala locked in Zim discussions
Impala Platinum remained in talks with the Zimbabwe government about requirements to transfer a 51% stake in its Zimbabwe unit Zimplats to local blacks.
Miranda sack Nel from board
Upheaval continues at Miranda Mineral Holdings with non-executive director, Ron Nel, a former CEO of the company, removed from the board amid controversy.
Congo mining must be more transparent – IMF
Democratic Republic of Congo could exceed a forecast 6.5% economic growth in 2011 but must do more to increase transparency in the mining sector, the IMF said
CRG may be forced to close mine
Central Rand Gold (CRG) may have to close its mine as early as next week after a government order, the Sunday Times reported, citing Bheki Khumalo, spokesman for the Department of Mineral Resources.
Peru to present mining royalty bill in 2 weeks
Peru's new leftist government plans to send a closely watched proposal to increase mining royalties to Congress in the next two weeks, says the country's finance minister.
Namakwa shares plunge on review
Namakwa Diamonds has plunged by 61.3% to 10.5p per share in London on after delivering a radical strategic review, reports the Financial Times.
Botswana to lift coal rights moratorium soon
Botswana will lift a moratorium on new prospecting licences for coal, coal-bed methane and related minerals by the end of September, says a government official.
More support for amicable outcome in Zimbabwe
A far more positive outlook on Zimbabwe’s controversial indigenisation legislation will become clearer by the end of 2011, says Australia’s ambassador to the country.