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Zambia royalty spat halts $2bn of copper mine projects
Source: moneyweb Royalty tax introduced last year makes the projects unviable, according to an industry lobby group. Copper miners in Zambia have halted $2 billion of planned investments because a royalty tax introduced last year ...DRC: Moïse Katumbi reclaims ownership of NB Mining
Congolese opposition leader, Moise Katumbi, on Monday, March 12, 2018. (AP Photo/Themba Hadebe) The ex-governor of DRC’s Katanga has emerged as the winner of the legal showdown with NB Mining executive Pascal Beveraggi. Now that ...
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Zambia royalty spat halts $2bn of copper mine projects
Source: moneyweb Royalty tax introduced last year makes the projects unviable, according to an industry lobby group. Copper miners in Zambia have halted $2 billion of ...
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PwC gives its take on South Africa unlocking its hydrogen potential
In its recently published report titled Unlocking South Africa’s Hydrogen Potential PwC argues that South Africa has an unprecedented opportunity to capitalise on the rapidly developing global hydrogen economy: “With the world increasingly turning towards countries that have optimal renewable energy resources to provide the clean energy of the future, South Africa is in an ...South Africa ‘at a precipice’: Mgojo
Image: Unsplash.com/Simon Migaj The Minerals Council South Africa has welcomed elements of the economic recovery plan outlined by president Cyril Ramaphosa but said it did not go far enough in terms of increasing the country’s global competitiveness. The plan included a proposal to halve timeframes for mining, prospecting, water and environmental licences. The council was ...Allegations of R257m in fraud, theft and tax evasion levelled at Heaven Sent managers
Kopanang mine TWO managers of a Chinese-owned South African gold mining company are fighting for their jobs and fear for their safety after blowing the whistle on R257m in alleged “irregular” and questionable spending. Phillip Spencer, South Africa financial director for Heaven Sent Gold, the company that owns the Kopanang and Tau Lekoa mines, and ...Barrick on track to meet 2020 production guidance after producing 1.16m oz in Q3
BARRICK Gold said preliminary third quarter gold sales were slightly higher than the previous quarter, and exceeded production following the export of the remaining stockpiled concentrate in Tanzania. Sales totalled 1.25 million ounces of gold and 116 million pounds of copper whilst production totalled 1.16 million oz and 103 million pounds of copper. This took ...Zinc mining – giving back to people and planet
Historically, mining hasn’t always had the best reputation when it comes to looking after the environment, its workers, or the communities in which it operates. Justifiably so too. Around the world, mining activities have contributed to tailings dumps, loss of biodiversity, and the contamination of soil, groundwater, and surface water. At a societal level, the ...Mozambique outlines fund plan for $96 Billion gas windfall
Sasol’s gas project in Temane, in Inhambane province, Mozambique. Picture: Reuter INTERNATIONAL – Mozambique published its proposed model for a sovereign wealth fund as it prepares to reap as much as $96 billion — more than six times the size of its current gross domestic product — from liquefied natural gas projects that companies including ...
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