Tanzania kicks off probe into Petra Diamonds contract, orders officials to resign

Having trouble viewing this email?  View online Africa News Digest Friday 8 September 2017 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Tanzania kicks off probe into Petra Diamonds contract, orders officials to resign President John Magufuli has asked for a review of a local contract belonging to Petra Diamonds and ordered senior officials to resign over the outcome of a probe into the diamond and tanzanite sector. read » Burkina Faso mine to boost Teranga's annual gold output by 50% Once Banfora is up and running, it would take the company's annual gold output to between 300,000 and 350,000 ounces. read » Platinum price pressured as market moves into oversupply A rise in refined supply (despite a 9% dip in mine-level output) and a drop in automotive and industrial demand erases Q1's 305,000-ounce deficit. read » Acacia pulls back from major gold mine in Tanzania "The decision was driven by unsustainable cash outflows at the mine due to the concentrate ban and the operating environment," company officials said in a statement. read » Zimbabwe completes gold mining probe Deputy Minister of Mines and Mining Development, Fred Moyo, said that his team looked into production and trading circles read » Canada's Trevali among world's top zinc producers with Glencore mines buy Acquisition makes of the Canadian miner one of the few multi-asset, low-cost global zinc producers. read » Sibanye halts divvy for first time as it swings to loss The miner, South Africa's largest gold producer, said that in the absence of a dividend, it'll give investors two new shares for every 100 held. read » Costs related to layoffs, lawsuit, take toll on AngloGold results The miner, Africa's biggest gold producer, reported a loss of $176 million in the six months to June 30, compared to a profit of $52 million in the same period last year. read » Gem Diamonds mulls sale of halted Botswana mine as half-year revenue falls The miner said it remains cautious about the state of the global market for both rough and polished diamonds, noting that financing challenges persist. read » Police detain central figure in mining's largest corruption scandal Israeli diamond billionaire Beny Steinmetz, four others, in custody of Israeli police on suspicion of fraud, forgery, obstruction of justice and bribery. read » First Quantum mines in Zambia also affected by power supply cuts Zambia's state power company made the decision amid an ongoing dispute over the implementation of new electricity tariffs in the country. read » Stellar Diamonds extends sale of Guinea assets, refinances loan The diamond miner decided to offload those units to focus on its Tongo-Tonguma project in Sierra Leone, which has the potential to generate earnings of $45 million a year. read » High-grade rare earths confirmed at Burundi prospect Total in-situ are earth oxides are estimated to be in the range of 47 to 67%. read » Cooking oil could help clean up mercury at mining sites, researchers say Researchers worked out a way for a canola oil polymer to trap mercury metal, mercury vapour and organo-mercury compounds read » More than 21,000 mining jobs on the line in South Africa Workers call the situation "a jobs bloodbath" read » Mining industry can now predict opposition to projects before it's too late Chalkstone was born out of counter-insurgency tactics used by troops in Afghanistan, but its unique methodology is now being used by miners, which can map-out power structures and counter the potentially crippling risk of strikes and political opposition. read » South Africa's manufacturing, mining output disappoint as economy limps Official figures released on Thursday signall a bad start for the second half of the year with business confidence at its lowest in more than three decades. read » China to loan Guinea $20B to secure aluminium ore China agreed on Wednesday to loan Guinea $20 billion over almost 20 years in exchange for concessions on bauxite, an ore of aluminium which the West African country has in abundance, the mines minister said. read » BacTech Environmental: "Green Gold" processing technology addresses artisanal mining and ARD problems Every year millions of small-scale miners toil in the baking sun, collecting and breaking rocks with the goal of extracting small amounts of gold – enough to make a living in some of the most impoverished corners of the world. read » Zambia's CEC to restore full power to Glencore's Mopani Copper Mines Zambian electricity utility Copperbelt Energy Corporation (CEC) and Glencore's Mopani Copper Mines have reached an agreement to restore full power supply to the mine from Wednesday, the president's office said on Wednesday. read » Gold miner Acacia buys put options at $1,300 per ounce Acacia Mining, which is scaling back operations to cut losses and settle a dispute with the Tanzanian government, has spent $3.2 million on options to sell 210,000 ounces of its gold output at $1,300 per ounce. read » Bodies of last missing miners recovered from Harmony mine in South Africa Death toll has risen to five after a tremor rocked the firm's Kusasalethu mine last week. read » Read more Africa news on MINING.com » Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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