Zim mulling scheme to incentivise beneficiation

The Zimbabwe government plans to introduce incentive schemes to encourage investment in minerals beneficiation and has already called on major mining companies and financial institutions to partner indigenous investors to foster value-addition...

Zimbabwe says now 'owns' 51% of foreign miners

Zimbabwe's government raised the stakes on Thursday in its drive to wrest majority control of foreign mining companies, with a Minister saying the state now considered it owned 51% of firms that have not complied with local ownership laws. "All...

Implats’ Zimbabwe compensation unlikely at market rate – Liberum

South Africa’s platinum major Implats, which has reached an enforced in-principle agreement on indigenising 51% of its Zimplats assets, is unlikely to be compensated by the Zimbabwean government at the market rate, mining analyst Liberum Capital...

Prepare for onslaught of Chinese mining investments

Mining companies should be looking to China as the sovereign debt and European banking crisis squeeze their traditional funding sources, an advisor that specialises in connecting Western firms with Chinese investors said this week. Strategic...

Revision of forecast reveals improved copper output

Market research house Business Monitor International (BMI) have over the past quarter made an upwards revision to their forecast for Zambian copper output for this year, increasing it to 913 000 t, up from 877 000 t.

Aquarius boosts Q4 output 3%, but SA volumes fell short

he world’s fourth-largest platinum miner Aquarius Platinum increased its attributable production by 3% year-on-year to 114 260 platinum group metal (PGM) ounces, but CEO Stuart Murray said on Tuesday volumes from South African operations fell...

Indigenisation set to hit Zim investment, platinum shares fall

Zimbabwe’s controversial Indigenisation and Economic Empowerment Act is likely to discourage foreign investment in the country’s mining sector, Cadiz analyst Peter Major said on Monday. New rules of the Act gazetted on Monday expanded the law...

TSX hits record for foreign mining listings this year

A record 28 foreign mining companies have listed on the TSX and TSX Venture Exchange this year, and more are expected into 2011, according to TMX Group senior manager for global mining Greg Ferron. The entire sector, including Canadian firms, is...

Zambia sees higher mining revenues by 2013

Zambia expects mining revenues to rise to about 30% of the nation's total revenues by 2013 from around 4% last year after mining firms start making profit, the Minister of Finance said on Wednesday. Finance Minister Situmbeko Musokotwane told...

Inward, outward mining M&A transacting under way – Ernst & Young

Both inward and outward merger and acquisition (M&A) transacting involving both local and foreign mining companies is currently under way in South Africa, Ernst & Young mining and metals leader Adrian Macartney informs Mining Weekly Online....

New Mining Minister ‘impatient' to get Zimbabwe going again

New Zimbabwe Minister of Mines and Mining Development Obert Mpofu, by his own admission, is "impatient" to get mining going again in embattled Zimbabwe. Mpofu came to address the fifth annual Omega Investments Mining in Africa conference, in...

New Mining Minister ‘impatient’ to get Zimbabwe mining going again

New Zimbabwean Minister of Mines and Mining Development Obert Mpofu, by his own admission, is “impatient” to get mining going again in embattled Zimbabwe.