BCM Group has secured the flagship mining services contract for the Tulu Kapi Gold Project in Ethiopia, strengthening its position as one of Africa’s leading mining contractors and marking a significant milestone in the development of one of East Africa’s most important new gold mines. The long-term agreement, valued at more than US$400 million over …
The South African Police Service (SAPS), working with other law enforcement agencies, has dealt a significant blow to transnational organised smuggling syndicates following the seizure of suspected stolen copper worth more than R12.68 million (about US$704,000) at City Deep in Johannesburg. A multidisciplinary team comprising Gauteng Crime Intelligence, Interpol, Border Police City Deep and private …
G2 Goldfields Inc. shareholders have overwhelmingly approved a plan of arrangement that will see G Mining Ventures Corp. (GMIN) acquire the company, while also facilitating the spin-out of a new entity, G3 Goldfields Inc. The resolution was approved at a special meeting of shareholders held on Wednesday, with 208.5 million shares voted in person or …
Fortuna Mining (TSX: FVI) says it has received authorization in Senegal for the environmental and social impact assessment for its Diamba Sud gold project in the eastern part of the country. The company submitted its mining permit application to Senegal’s ministry of energy, petroleum and mines in February of this year. In a press release, …
The National Union of Mineworkers (NUM) has strongly condemned Petra Diamonds' decision to place the Finch Diamond Mine in Kimberley under Business Rescue and issue a Section 189A notice at the Cullinan Diamond Mine, warning that nearly 1,800 jobs are at risk. According to the union, the Business Rescue process at Finch has created uncertainty …
Political risk is a significant concern for mining investors in Africa. Resource nationalism has driven an increase in claims before international tribunals. If a state adopts measures affecting a project that breach its international legal obligations, investors may be awarded damages. Sometimes a state destroys a project, but no claim is brought. Investors assume that …
Australia’s richest person Gina Rinehart has taken a “significant stake” in Elon Musk’s SpaceX, betting that the world’s largest space company could become a major driver of demand for critical minerals and off-Earth infrastructure. Hancock Prospecting said Monday it received an allocation of SpaceX shares in the company’s record-breaking initial public offering last week, though …
Zimbabwe has reaffirmed its commitment to environmentally and socially responsible mining, with government officials and stakeholders calling for stronger accountability, sustainability, and community benefits from the country's mineral wealth. The commitment was made at a national stakeholder engagement meeting organized by WWF Zimbabwe in Harare, where the conservation organization also launched its Strategic Plan for …
An International Monetary Fund (IMF) delegation has held discussions with Zimbabwe's Ministry of Mines and Mining Development on the performance of the country's mining sector, economic targets and ongoing policy reforms. The IMF team, led by Zimbabwe Mission Chief Wojciech Maliszewski, met with a delegation headed by the Permanent Secretary of the Ministry of Mines …
South Africa expects to fully launch a long-awaited database of mineral rights within 10 months, according to a senior official. The country’s government has frustrated investors by pushing back the implementation of the so-called cadastre, an online registry that displays mining and prospecting rights. Companies will use the new system to apply for licenses “We …
