Mining Companies Already Feeling the Pinch of New Congolese Mining Code 

Mining Companies Already Feeling the Pinch of New Congolese Mining Code Beyond raising costs for domestic miners, a new mining code signed into law by Congolese President Joseph Kabila last week, poses downside risks to the investment outlook of the country’s mining industry over the coming years, as a result of heightened government intervention and regulatory uncertainty, research firm BMI said on…

Violent Protests, Again, in Guinea Disrupt Some Bauxite Shipments

Violent Protests, Again, in Guinea Disrupt Some Bauxite Shipments Opposition supporters in Guinea protested and erected barricades in the mining towns of Boke and Kamsar on Tuesday, disrupting some shipments of the aluminium ore bauxite, industry officials said. The unrest sparked by a row over local elections held in February spread from Conakry, paralyzing much of the capital since protests erupted on Monday. In Boke, police responded…

Ghana’s Biggest Mine Union Threatens Strikes Over Gold Fields Plc Jobs Cuts

  Ghana’s Biggest Mine Union Threatens Strikes Over Gold Fields Plc Jobs Cuts  Ghana’s largest mineworkers’ union plans protests and strikes throughout operations in the country if the government allows Gold Fields Ltd.’s local unit to dismiss more than 2,000 staff as it starts the process of hiring a contractor to operate its biggest mine in the West African nation. Gold Fields…

BREAKING!!! Congo’s New Mining Code Becomes Law as Kabila Shows His Balls to Mining Companies

BREAKING!!! Congo’s New Mining Code Becomes Law as Kabila Shows His Balls to Mining Companies  Reuters reports that Democratic Republic of Congo President Joseph Kabila has just signed into law on Friday a new mining code that raises royalties and taxes on operators, the presidency said in a statement. International mining companies that operate in…

South Africa Escaped Recession in 2017. So What? It’s Still in a Pickle.

  Encouraging data give weight to Finance Minister Nhlanhla Nene’s statements on South Africa’s growth forecasts Economic growth accelerated for the first time in four years in 2017, with continued strong recovery in agriculture, giving weight to Finance Minister Nhlanhla Nene’s statements that growth forecasts will probably be revised upwards. Revisions to historical data in…

African Mining Still Wracked by Trust Deficit Between Miners and Host-Govts/Communities

  African Mining Still Wracked by Trust Deficit Between Miners and Host-Govts/Communities The conclusion of the eighth MineAfrica panel discussion at the Prospectors and Developers Association of Canada conference on Sunday was that “endemic mistrust between private sector miners and African jurisdictions belies the spirit and objectives set out in the African Union’s African Mining Vision.” According…