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May 23rd
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  • China denies minerals deal will leave Congo in debt

    MF officials worry that the contract, a key element of President Joseph Kabila’s post-war economic policy, will plunge Congo deeper into debt, and have delayed forgiveness of most of the 10bn Congo already owes. In a recent visit to Congo, IMF MD Do...

  • Read In Africa Mining Intelligence

    Read in Africa Mining Intelligence - June 2, 2009

    South Africa: More Deaths Feared in Illegal Mining Boom

    Johannesburg — News reports this week that over 60 illegal miners died in a single accident in an abandoned gold mine has underlined the human cost of South Africa's deepening recession.

  • Botswana: Debt-Ridden Diamonex Mine to Start Operating 'Soon'

    Bobonong — The Minister of Minerals, Energy and Water Resources, Ponatshego Kedikilwe, says DiamonEx is expected to resume operations at its Lerala Mine soon.

    Led by Fleming Asset Management Botswana (FAMB), bondholders are in the process of c...

  • Zambia: Controversial Chinese Firm Given Another Copper Mine

    Lusaka — The desperate need to find an alternative investor for the closed Luanshya Copper Mines (LCM) in Zambia's Copperbelt has not prevented some Zambians from fiercely opposing the government's decision to let Chinese-owned Non-Ferrous Metals Min...

  • South Africa: Mining Minister to Visit Mining Disaster Site

    Pretoria — Mining Minister Susan Shabangu is expected to visit the Harmony Gold mine, where 36 suspected illegal miners died at the weekend.

    The minister, accompanied by Free State Premier Ace Magashule, will visit the site to assess the measu...

  • Zimbabwe: Global Mining Boom to Resume 2010 - Tsvangirai

    Harare — The 2002-2007 global mining boom is expected to resume by the end of 2010 and Government has a window of opportunity to prepare a conducive policy environment, Prime Minister Morgan Tsvangirai has said.

    "This could see Zimbabwe's mine...

  • Zambia: Copperbelt Show Attendance Slumps

    THE Copperbelt Mining, Agriculture and Commercial Show (CMACS) has estimated that it will rake in about K250 million in gate takings compared to last year's K300 million.

    The five-day show which came to a close yesterday saw a reduced number of ...

  • Zimbabwe: Rio Tinto to Increase Share Capital

    Harare — SHAREHOLDERS of Rio Tinto have given the mining giant the nod to increase its authorised share capital paving the way for the coming in of offshore investors through a private placement.

    Offshore investors are expected to bring in muc...

  • Zimbabwe: Chiadzwa Deaths Not Linked to Diamond Mining - ZNA

    Harare — THE death of four soldiers around Chiadzwa diamond fields recently was not related to illegal diamond mining but misconduct, the Zimbabwe National Army has said.

    In a statement yesterday, army director of public relations Lieutenant-C...

  • Mined Out in Zambia

    Peter and Irene, both 30, are engineering graduates of Lusaka university an...

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