Revenue boost for Zambian mining sector

Zambia copper mining sector sees revenue boostTax revenue from Zambia’s copper-mining sector has undergone a 46 per cent leap, now totalling ZMK 35 billion (US$7.1 million) per month, as a result of the doubled mineral royalties that came into effect in April 2012

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China plans US$100 million Zambian copper project

Chinese copper development in ZambiaChina Copper Mines looks set to build a US$100 million plant in Zambia, with the expected production capacity of 600 tonnes of copper cathodes per annum

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SA mining firm buys stake in Xceed’s coal project

coal_NitinKirloskarXceed Resources has signed an MoU with South Africa’s Thebe Mining Resources to sell a cornerstone stake in its Moabsvelden coal project for AUD 11 million (US$112.90 million)

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SA mining nationalisation threat lingers on

coppergold_timofairPersistent fears of the forced nationalisation of mines in South Africa have jeopardised potential investment in the country, according to ratings agencies Fitch and Standard & Poor's

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SA gold mine closed after fire accident

lock_sxcThe South African government was forced to shut down a gold mine owned by one of the world’s top gold producers, Gold Fields, after an underground fire killed five workers

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