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Monday, 20th September 2021
7:29:58pm

Mining

Articles related to mining

Zambia asks Glencore unit to rescind mine shaft closures

Zambia’s mining ministry has asked Glencore subsidiary Mopani Copper Mines (MCM) to rescind its decision to close two shafts at its Nkana site.

Mopani announced the shaft closures on Thursday in a move that an opposition leader said had led to 1,400 job losses.

Mines Permanent Secretary Paul Chanda on Friday said he had written to Mopani to ask the…

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Vedanta's bid to halt sale of Konkola mine blocked by Zambia court

Vedanta Resources said on Wednesday that a Lusaka High Court has refused its application to halt winding up proceedings against its Zambian business Konkola Copper Mines.

“Vedanta is reviewing the ruling and will then make a decision on its next steps,” Vedanta said in a statement.

-Reuters

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Tanzania grants Chinese firms licences to build gold refineries

Tanzania said on Wednesday that it had awarded licences for the construction of a mineral smeltery and two gold refineries to Chinese firms, as part of government efforts to generate more revenues from the nation's mining industry.

Mining Minister Doto Biteko said the Chinese companies would also soon be awarded licences for mines, each of which…

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De Beers’ H1 core earnings down 27% to $518 mln

Anglo American said De Beers’ underlying adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) dropped 27% to $518 million in the first half of the year.

Demand for rough diamonds remains subdued as a result of challenges in the midstream with higher polished inventories, and caution due to macro-economic uncertainty,…

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Petra revenue down 6% on weak diamond market

Petra Diamonds, which has operations in South Africa and Tanzania, said its revenue for the year ended June 30 dropped 6% to $463.6 million compared to $495.3 million, a year earlier due to a weaker diamond market.

It said the number of carats sold for the year eased 2% to 3,736,847 carats against 3,793,799 carats sold the previous year.

The…

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