Botswana’s Mowana copper mine suspends operations over working capital
Copper prices on the international market have been recovering but Mowana mine, which employs 411 workers, has failed to capitalise on the gains due to equipment breakdowns.
Afrcan Barrick Gold (ABG) faces a multimillion court battle following its draconian decisions taken two years ago to freeze payments to Mwanza based firm, Simba Pipe Line, under the allegations of frauds. In 2009 ABG suspended all suppliers who were...
ATTORNEY-GENERAL, Mr Johannes Tomana, strongly believes world leading diamond company De Beers and the European Union have cases to answer for smuggling diamonds out of Zimbabwe and imposing illegal sanctions on the country respectively. In an intervie...
Concerned about the un-taxed export of byproducts refined from platinum, the Zimbabwean government is considering drafting laws that would force platinum mining companies to set up refineries.
Several industry sources say the miner is considering selling its majority stake in the Amapa iron ore operation in Brazil to focus on its flagship Minas-Rio growth project.
The miner has delayed the first shipment from its Marampa iron ore mine in Sierra Leone to January to allow it to use larger supramax sized vessels instead of handymax sized vessels.
After discovering a significant deposit in the Ivory Coast, Occidental Gold, a unit of Australia's Perseus Mining said it will seek a mining licence from the West African state.