Off The Wires

Congo governor warns against tax hikes

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Moise Katumbi, governor of copper-rich Katanga province in the Congo, said an increase in mining taxes was worrisome at the current time.

Congo says Ivanhoe must have sale approved

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The Democratic Republic of Congo insists Ivanhoe Mines should win its approval before proceeding with the sale of 49.5% to Zijn Mining Group for $412m.

SA facing up to three years of power deficit

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South Africa's electricity supply deficit would continue for another two to three years, said the country's president, Jacob Zuma.

Russia to lift gold reserves

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The Russian central bank said on Tuesday that the bank was increasing its gold reserves.

Zuma to release Marikana findings end-June

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South African president, Jacob Zuma, would release findings of the Marikana Massacre probe by the end of next month after he has applied his mind to it.

Zambia may cut power by 600MW

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Zambia may cut power generation by up to a quarter owing to poor rainfall which has affected levels at the country's hydroelectric power sources.

Eskom faces 17mt coal shortfall by 2017

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Eskom, the South African power utility, faced a 17 million tonne coal shortfall for some of its coal-fired power stations by 2017.

Power, water rations restrict Botswana

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Botswana has forecast economic growth of about 4.4% - the same as last year - was water rations, low power supplies and a decline in mining revenue bites.

DiamondCorp posts loss, Lace on time

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DiamondCorp posted a higher loss in 2014 despite reining in administrative costs, but added that underground mining from Lace in Lesotho was on schedule.

Kibo advances project, renamed Mbeya Coal

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Free-digging and trucks could be used at Kibo's Tanzania coal project instead of blasting which would significantly reduce operating costs.