Kinros Gold Miner Reels From ‘Resource Nationalism’ in Ghana and Mauritania

    Kinros Gold Miner Reels From ‘Resource Nationalism’ in Ghana and Mauritania  Kinross Gold is the latest miner to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest for more mining revenue. Mauritania’s rejection of a key permit to expand a Kinross project, and a proposed mining code review…

Lesotho Digs Up Biggest Diamond in History, Weighs More Than a Baseball

The small southern African, Lesotho, often called the High Mountain Kingdom, hit the headlines today with the announcement that miners in the country have unearthed one of the largest diamonds ever found, a glittering giant weighing 910 carats, or 6.4 ounces, and probably worth tens of millions of dollars. Reuters reports that the stone, found…

DR-Congo Wants Mores Taxes as Apple and Tesla Hunt for Cobalt for a “Clean Future”

    Our increasing reliance on rechargeable batteries is making the Democratic Republic of Congo reconsider how it values cobalt. Once a forgotten byproduct, the price of cobalt has tripled in the last two years and the world’s largest producer plans to profit off the demand.     Lawmakers in the capital Kinshasa are currently considering…

Rio Tinto Diversified Miner Coming Up With Africa Strategy in 2018

  Rio Tinto Diversified Miner Coming Up With Africa Strategy in 2018 DOWNLOAD Diversified mining company Rio Tinto (NYSE: RIO) is re-calibrating its understanding of Africa and working on an Africa strategy that is scheduled to be presented to the company’s executive committee next year. The company made this known Tuesday in an interview with…

Nigeria Wants $21bn It Hasn’t Bothered to Collect From Offshore Oil Companies Since 1993

  Nigeria Wants $21bn It Hasn’t Bothered to Collect From Offshore Oil Companies Since 1993 Nigeria wants deep offshore oil companies to pay at least $21 billion, money that oil-rich but chronically mismanaged country says oil companies owe but has not bothered to collect since 1993. The situation may soon change if the government succeeds…

Will DR Congo Finally Face Down Miners’ Pressure Again Over Revised Code?

  Will DR Congo Finally Face Down Miners’ Pressure Again Over Revised Code? The air is rife again with speculations over whether the government of the Democratic Republic of Congo will again succumb to pressure by mining companies that proposed changes to the mining code adopted by the lower house of parliament last week would do lasting damage to…

Resource Nationalism Encore: Zambia Wants Bigger Stake in Copper Mines

  Resource Nationalism Encore: Zambia Wants Bigger Stake in Copper Mines Following the sharp rise in copper prices this year Zambia‘s State-controlled firm ZCCM Investments Holdings wants to increase its stakes in the country’s mines and also expects higher dividend payments, its chief executive said on Wednesday. ZCCM-IH, which was formerly called Zambia Consolidated Copper Mines Investment Holdings, has assets of about…