Alphamin reports more high-grade tin assays from Mpama South, stock jumps

Tanzania will no longer allow Acacia Mining to manage its mines in the country and will only work with the company’s parent, Barrick, to resolve the two-year impasse that has stymied operations.

An owner of Uganda's only tungsten mine is suing the International Tin Association for defamation, saying the certifier wrongly accused it of trading in conflict minerals.

Tanzania intends to collect 470.9 billion shillings ($205.5 million) from minerals in 2019-20, compared with a projected income of 310.6 billion shillings in the fiscal year ending June 30.

The deal also establishes the Sibanye-Stillwater Group as the world’s second-biggest palladium miner.

At least nine illegal gold miners have died in Zimbabwe after they detonated explosives underground and were trapped at a mine owned by Metallon Corp.

The $285-million takeover bid, considered by some analysts and Acacia’s minority shareholders as low, would see the world's second largest gold producer buying the remaining 35% of the African miner it does not already own, at a discount.

Debt financing agreements worth $200 million could be finalized “any day” and are expected to catalyze equity financing to start the almost 30-month development of the 1.1 billion-tonne Colluli sulphate of potash project, the company said.

The tax was first mooted in 2010 but has been postponed at least three times after mining companies, steelmakers and state-owned power utility Eskom said it would erode profit and push up electricity prices.

Ghana Integrated Aluminium Development Corp. is receiving proposals on how to expand bauxite production and build refining and smelting capacity for the manufacturing of alumina and aluminum.