jueves, 1 de febrero de 2018

Rio, two former top execs must face fraud charges over Mozambique assets

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Africa News Digest
Friday 2 February 2018
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SEC will push ahead with the prosecution of the company, former chief executive Tom Albanese and ex-chief financial officer Guy Elliott over alleged attempts to cover up multi-billion losses on a coal investment in Africa.

Miner has spent $2 million to lock in the option to sell 120,000 ounces of future output at $1,320 an ounce, as it waits for Tanzania exports ban to end.

Originally there were more than 1,000 miners stuck underground, but sixty-four were rescued overnight.

Vancouver-based company headed by billionaire mining financier Robert Friedland loses 11% of its value after DRC stuns with new mining code.

DRC stuns miners with immediate lifting of 10-year exemption for licensees, 50% tax on 'super-profits' and code permitting 5-fold increase in cobalt royalty.

Egypt-focused gold miner is paying a final dividend of 10 US cents per share, or a total of $144 million, as it vowed to return all of its excess cash to investors.

Consulting firm Deloitte has published what it says will be the top-10 global trends in the mining industry this year.

Last year, the miner sold other coal assets that exclusively supplied South Africa's power utility Eskom, including New Vaal, New Denmark and Kriel collieries.

The stock fell by 21%, the steepest intraday decline since September, after the miner lowered production forecasts and confirmed that a stronger South African currency would knock annual profits.

A South African businessman now living in Canada wants to sell a unique collection of solid gold items intimately associated to Nelson Mandela, which he bought for about $360,000 in 2003.

Diamonds recovered during sampling at the project were not sufficient to produce a modelled diamond valuation, said the company.

The company beat expectations on Thursday with a 5% increase in 2017 production.

Receiving the necessary licences would allow the company to continue operating in the state of Minas Gerais, where the iron ore mine is located, for at least another 15 years.

Newly renamed M2 Cobalt snags seven licences in Uganda covering 1,500 square kilometres as investors bet cobalt price rally will continue.

President Emmerson Mnangagwa, who took the post in November, has ordered an examination of both industries that may lead to the abolition of the 51% local ownership rule on them.

An estimated 40.5 million people were directly engaged in ASM last year, up from 30 million in 2014, 13 million in 1999 and only 6 million in 1993.

Mine is on track to produce its target of 700,000 ounces of gold in 2018.

The 149-carat, D colour, Type IIa rough diamond is the fourth high quality stone of over 100 carats the company has recovered so far this year at its Letšeng mine.

Perseus Mining (ASX,TSX:PRU) will soon start pouring gold from its Sissingué gold mine in Côte d'Ivoire, having delivered the first crushed ore to the mill and processing plant earlier this month.

The engine that drives his confidence comes in the form of electric vehicles.

RosCan is targetting different land packages in Ghana and Mali.

The old underground mine is located within the Akrokeri prospecting licence held by GoldStone, about 1.5 km south of two proposed pits.

An Italian professor at the Politecnico di Milano says that there could be an iron throne right below the apex of the Pyramid of Cheops, located in Giza.

Move seeks to ensure the sustainability of Namdeb land-based operations.

The Australian miner has also unearthed the tenth +100 carat stone recovered from Lulo since mining operations began two years ago.

Firm is developing open platform that traces diamonds from mine to buyer.

Imagine that for every million people on Earth, there was a single dot on a map. What if we went back in time, watched dots accumulate over human history?

Toro Gold became Africa's newest gold producer last week after delivering first batch of bullion; firm is now weighing possibility of selling shares in 2018.

The gold mining complex is on track to improve on its record performance, with last year's production expected to reach a new peak.

Focus on platinum-palladium prices and ratios over the past 48 years.

CRU's 17th World Copper Conference is a premier copper conference that attracts over 500 delegates.

Zimbabwe plans to take on about $500 million of debt owed by state-owned steelmaker Zimbabwe Iron and Steel Company to allow company revival.

Meet Globe 24-7 and Globe Competency Assurance at one of the world's largest mining investment conference and Africa's largest mining event, Mining Indaba 2018 in Cape town, South Africa.

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