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…

Why Is Venkat Dumping AngloGold to Take Top Job at Vedanta Resources?

Why Is Venkat Dumping AngloGold to Take Top Job at Vedanta Resources? Srinivasan Venkatakrishan (Venkat) will step down as CEO of gold miner AngloGold Ashanti on August 31 to take up the CEO position at diversified miner Vedanta Resources. AngloGold on Monday said it has started a global search, considering both internal and external applicants, for a successor, who will be…

Congo Must Rewrite Mining Code to Protect Exemptions–Miners

Congo Must Rewrite Mining Code to Protect Exemptions–Miners International mining companies have insisted that Democratic Republic of Congo amend portions of a new mining code to respect exemptions they were granted by its predecessor. The companies announced last week that they had submitted a formal proposal to the government but the document itself, seen exclusively by Reuters on Thursday, takes a…

BREAKING!!! Congo’s New Mining Code Becomes Law as Kabila Shows His Balls to Mining Companies

BREAKING!!! Congo’s New Mining Code Becomes Law as Kabila Shows His Balls to Mining Companies  Reuters reports that Democratic Republic of Congo President Joseph Kabila has just signed into law on Friday a new mining code that raises royalties and taxes on operators, the presidency said in a statement. International mining companies that operate in…

Burkina Faso’s $1bn Manganese Project Seeks New Partners

 Burkina Faso is looking for a new partner to mine the world’s largest manganese deposit after rights disputes thwarted two earlier attempts to develop the $1-billion project. Pan African Minerals, a unit of Timis Mining, was told to stop production at the Tambao mine in 2015 following a change in leadership in the West African nation. The company then petitioned the International…

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…