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Precious Metals Worth Potentially Billions Discovered in Haiti

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Gold prices are at an alltime highDisaster-ravaged Haiti may finally have found the crock of gold at the end of the rainbow – and...

Glencore ‘Should Explain Potentially Corrupt Deals in Congo’

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Global Witness is today calling on Glencore to explain potentially corrupt deals in the Democratic Republic of Congo, and is calling on the company...

Resource Nationalism in Africa – What It Means for Governments, Companies...

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Today is The Times' much-anticipated CEO Summit Africa with one of the more intriguing panels focusing on resource nationalism: opportunity or threat? Both the...

Mugabe Receives Election Boost as the Country’s Largest Platinum Miner is...

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Zimbabwean President Robert Mugabe's elections machinery might just have received the tonic it needed, as a major mining company capitulated to the country's indigenisation policy. The...

Major Trends Shaping African Economic and Security Policy

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In this monthly summary of major trends shaping the African policy space, Exclusive Analysis's Natznet Tesfay looks at resource nationalism in Mozambique and South...

Africa Must Manage the Sustainability of Its Mineral Resources

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The Chief Executive Officer of the Ghana Chamber of Mines, Dr. Toni Aubynn on Wednesday called on players in the extractive industry to effectively manage the sustainability of the mineral resources at their disposal. This, he noted, would enable the African continent to develop at a pace that would be appreciable by all. "There is a crucial need for Africa to manage the sustainability of its mineral resources since mining has done a lot in the development of the continent," noted Dr. Aubynn, at the media launch of the upcoming West African Mining and Power Conference & Exhibition (WAMPOC/WAMPEX) in Accra.

South Sudan Warns Oil Companies Over Illegal Deals With the North

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South Sudan warned all foreign oil companies, the oil consortia and pipeline operators in the country not to cooperate with Sudan on crude oil-related matters, unless authorized. The directive was contained in a press release issued by the South Sudan's petroleum and mining ministry following reports of north Sudan's apparent intention to confiscate 23% of the south's entitlement oil allegedly as payment in kind for pipeline and transit fees.

Natural Resources – Pathway To Development Or Fragility?

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AFRICANGLOBE - Trade and investment in natural mineral resources hold great potential for boosting growth and prosperity in the developing world. Too often though, misguided or illicit exploitation of these resources has contributed, directly or indirectly, to armed conflict, human rights violations, crime and corruption, and/or international terrorism, thereby impeding economic and social development

Zimbabwe to Carry Out Minerals Audit

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The mining sector, alongside the agricultural sector, was expected to continue underpinning economic growth in Zimbabwe, with Biti optimistic that Zimbabwe would manage to reach Gross Domestic Product growth of 9.3 percent this year.

Indigenisation: Diamond Firm Gives Up 51% Stake To Zimbabweans

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Murowa Diamonds has agreed to surrender 51 percent stake in line with the Zimbabwean Government’s Indigenisation and Economic Empowerment regulations.

Black Empowerment (BEE) Firm Enters South Africa's Seaborne Ore Market

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An agreement between Kumba Iron Ore and Burk Mining will see the latter become the first black-empowered mining company to enter the seaborne iron ore market, through the port of Saldanha.

Canadian Owned Gold Mine Loses Licence For Failure to Comply With...

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Zimbabwe's leading foreign owned gold mine has had it's mining licence withdrawn for its failure to comply with Zimbabwes newly enacted Indeginisation Act.

Ghana and South Africa to Bolster Economic Ties

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South Africa's President Jacob Zuma is to host the President of Ghana John Atta Mills, who will undertake a two day State Visit to South Africa from Tuesday.

Mining Firms Flock to Zambia, Govt Grants over a 1000 Licences

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The Zambian Government has granted more than 1,000 mining licences for small and large scale operations in response to the surge in mining and exploration activities.

Zimbabwe Govt Puts Foreign Firms On 14-Day Nationalisation Notice

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Zimbabwe has given 11 foreign-owned companies, including Britain's Barclays and Standard Chartered banks, a two-week deadline to comply with its empowerment laws or face nationalisation.

Kenya Eyes Billions in Gold Revenue From Narok Mines

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Kenya will issue its first ever gold mining lease in October, opening the way for commercial exploitation of the precious metal whose price has peaked in recent weeks after turbulence rocked global financial markets.
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