Namibia moves to curb mining speculators, boost local ownership

Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes.

The news comes barely a week after the company said another worker had been released on bail after being charged with corruption.

Decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.

Operations will resume before year end, but a planned ramp-up to 26.5 million tonnes per year is likely to be pushed back to 2021 from 2020.

Education and health are the way forward for Nigeria.

Overall project engineering at the 270,000 ounce-a-year Guyere gold project, which is already more than A$100 million over its original budget of A$507 million, is now 96 percent complete

Shareholders getting impatient over the Gold Fields failure to stem losses at the huge South Deep deposit in South Africa shouldn’t lose hope.

They hope they can still wring out a compromise in the world’s main source of cobalt and Africa’s biggest copper producer.

The East African nation's deposits are often in remote regions where the country's poorest live, but experts say few have reaped the rewards from mining.