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Zambia Plans Increase Copper Mine Production at 700,000 Ton, 2010
Zambia’s copper output in 2010 is projected to rise to 700,000 metric tons due to increasing production at various mines, the country’s Finance Ministry has said.
Brazilian Mining Company, Vale Begins To Develop Coal Mine Project in Tete, Mozambique
Brazilian major diversified miner Companhia Vale do Rio Doce (Vale) has started development of its $1,3-billion Moatize coal project in Tete province, Mozambique. Production is scheduled to start in December 2010.
Mozambique Plans To Become Major Coal Mining Companies
Brazilian mining company Vale has launched a US$1.3bn coal mining project in Mozambique.
The new plant is expected to produce 11 million tonnes of coal a year, to be exported to Brazil, Europe, Asia and the Middle East.
Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
South Africa to Curb Uranium Exports to Ensure Supply
South Africa, which has Africa’s biggest uranium reserves, may limit exports of the metal to ensure sufficient supply of fuel for its existing and planned nuclear power plants.
Minerals and Energy Minister Buyelwa Sonjica should approve the policy within the next few weeks, Bheki Khumalo, spokesman for the Department of Minerals and Energy, said in an [...]
Tanzania Govern. Mining Firm More To Pay Tax
The Government plans to review its taxation structure in this year’s national Budget to get especially the mining companies to pay more, the Finance minister says.
Mr Mustafa Mkulo, the Minister for Finance and Economic Affairs, who is visiting neighbouring Mozambique, told The Citizen by telephone from Maputo yesterday that the review would particularly target the [...]
Equinox Minerals Nears Debt Drawdown Time
Emerging copper producer Equinox Minerals has put a final touch on financing for its 100%-held Lumwana copper project in Zambia by securing a credit facility for contingent costs.
Equinox said the $45 million facility would only be used if cost overruns or other contingent obligations were encountered at the $847 million project, where mine commissioning was [...]
Denison Makes a New Bid to Acquire OmegaCorp Limited
Denison Mines Corp. (”Denison”) (TSX:DML)(AMEX:DNN) is pleased to announce a new takeover offer to acquire all of the remaining shares of OmegaCorp Limited (”OmegaCorp”) (ASX:OMC) (including any shares issued on exercise of an option issued in OmegaCorp) that Denison does not already own at a price of AU$1.30 per share, for a total consideration of [...]
Zambia: Mining Is A Delicate Business
MINING is a delicate business and as such it must only be undertaken by people qualified in the trade and licenced to do so. The reasons for authority and regulation in mining is simple.
It is primarily to ensure that those with permits operate, firstly within the laws of the land, and secondly observe the highest [...]
