Company Announcement: Globe achieves 70% project milestone at Mount Muambe

Globe Metals & Mining is pleased to announce it has earned a 70% interest in the Mount Muambe Project in Mozambique through the delivery of a maiden inferred fluorite resource under the joint venture agreement with Bala Usokoti Lda.

Brazil’s Vale invests to get around Chinese megaship ban

Brazilian diversified mining major Vale, the world’s number two mining group in terms of market capitalisation, Has announced that it is to establish a second floating iron ore transfer station, in Subic Bay in the Philippines. This station will...

Coal processing body optimistic about domestic industry’s future

Yearly coal exports through the Richards Bay coal terminals over the past few years have surpassed all other minerals in foreign-currency-earnings terms, and have provided an economic model which should sustain the coal-mining and -processing...

SA seals mines to curb illegal miners

South Africa has set up a task team to seal access points at mines in a bid to stem a resurgence in illegal mining, the Mineral Resources Minister said on Thursday. On Wednesday at least three illegal miners were killed and 18 others trapped...

Eskom leans on incentives, voluntary savings as buy-backs near end

The power buy-back scheme instituted for large customers by Eskom, in December, will expire at the end of May, following which the State-owned utility will rely mainly on its demand market participation (DMP) and demand response aggregator (DRA)...

PTT's $1.9bn bid for Cove trumps Shell

Thailand's PTT Exploration and Production has trumped Royal Dutch Shell's bid for Mozambique-focused explorer Cove Energy by offering 1.220billion pounds ($1.9-billion), highlighting international interest in East African gas finds. Cove...

Rapid progress at Randgold's Kibali, Moz buys Moatize stake, Chinese eye Uganda copper mine and other news in the Africa Mining Roundup

This month's electronic report includes details on African miner Randgold Resources' development of the Kibali project, in the Democratic Republic of Congo; the government of Mozambique's deal to acquire a 5% stake in the Moatize coal project for...

Ncondezi restructures top management

London-listed Ncondezi Coal has started restructuring its senior management team with the appointment of a new CEO from June 1. Current COO Nigel Walls would replace CEO Graham Mascall, who stepped down to become a nonexecutive director in the...

Globe mulls spin-off, dual listing

ASX-listed Globe Metals & Mining on Tuesday announced its plans to spin-off its exploration assets, apart from the Kanyika niobium project, into a separately listed entity. Globe would further dual list on the TSX, with a niobium focus, to...

India, China, Taiwan lead SA April coal imports

Asia absorbed most of South Africa's 5.2-million tons of coal exports in April, led by India, China and Taiwan, exporters said. Almost all of South Africa's thermal coal is exported from the private Richards Bay Coal Terminal (RBCT) in Kwazulu...

Syrah sells off Saudi Arabian assets

Diversified explorer Syrah Resources has reached an agreement with ANR Resources to divest of its Saudi Arabian exploration assets for A$800 000. Syrah, through a Saudi Arabian subsidiary, holds 25 exploration licences in Saudi Arabia.

East Africa to join world gas giants

To East Africa's assets of spectacular wildlife, abundant land and shimmering beaches you can now add gas - so much gas it could transform global energy flows along with some of the world's poorest countries. Finds announced just last week off...