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African Rainbow Minerals, Allocate R8 Billion Mining Investment In Zimbabwe


African Rainbow Minerals, a mining company based in the South African, mining investment plan worth R8 billion in Zimbabwe. Mining investment in Zimbabwe is a significant investment option because of the growth of the mining sector in Zimbabwe has a bai prospects. Mining investments done because ARM requires exploration of mines platinum, manganese, iron ore, [...]

Zimbabwe gold mining companies may collapse


Zimbabwe’s cash-strapped central bank owes private gold mining companies $30 million, leaving a key industry on the brink of collapse, the independent Chamber of Mines said.
By law, all gold produced in Zimbabwe is sold through the Reserve Bank. But the bank has failed to pass on earnings to the mines, in some cases since late [...]

Mining Sector Planning Zimbawe Government


While the world waits for news about the outcome of Zimbabwe’s elections, Zimbabwean newspapers at the weekend reported that Robert Mugabe’s Zanu-PF planned to seize foreign-owned mines to win over votes.
Across the front page of The Zimbabwean yesterday were splashed headlines suggesting that Mugabe had set his sights on foreign-owned mines after running “out of [...]

Exeter Engages Chief Operating Officer and Appoints Two Directors


Exeter Resource Corporation (”Exeter” or the “Company”) is pleased to announce three important appointments:
- Mr. Paul Cholakos has been appointed as Exeter’s Chief Operating Officer, initially based in Argentina;
- Mr. Robert Reynolds has been appointed as an independent director of the Company; and
- Mr. Patrick Esnouf has accepted a position as a director of the [...]

Camec in £100m bid for Australian uranium miner


Camec, the African-mining group run by the former England spin bowler Phil Edmonds, has targeted expansion in the booming market for uranium after launching an offer for OmegaCorp that values the Australian miner at nearly £100m.
Uranium prices have surged 20 per cent to $113 a pound over the past week, the highest level since the [...]

Camec in £100m bid for Australian uranium miner


Camec, the African-mining group run by the former England spin bowler Phil Edmonds, has targeted expansion in the booming market for uranium after launching an offer for OmegaCorp that values the Australian miner at nearly £100m.
Uranium prices have surged 20 per cent to $113 a pound over the past week, the highest level since the [...]

Zimbabwe holds 16,000 over mining


Police in Zimbabwe are reported to have arrested more than 16,000 people as part of a government drive to curb illegal mining.
The three-week-long campaign targeted settlements around the mining fields and seized large quantities of gold and diamonds, state media said.
During the raids, police officers burnt temporary homes used by panners.

Congo struggles with mining chaos


Among the biggest challenges Congo’s first elected government in nearly 50 years will face is bringing order to a chaotic mining sector whose riches provoked a regional war that killed millions of people.
Congo’s vast mineral resources are worth an estimated $300 billion over the next 25 years. In the past, though, the earthly riches have [...]

Zimbabwe gold miner seeks London listing – report


Zimbabwe’s largest gold producer, Metallon Gold, plans to list on the London stock exchange before the end of the year to finance an opencast mine project, state news agency New Ziana reported on Thursday.
“We are planning to list by the end of the year. But you can only succeed if there is a dividend flow [...]