DRC’s Tshisekedi talks anti-corruption as seeks to repair IMF relationship

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SIGNS that Democratic Republic of Congo (DRC) president, Felix Tshisekedi, is interested in reform were in evidence yesterday when he met with the Washington-based International Monetary Fund (IMF) in an effort to repair the relationship between it and the central Africa country. Tshisekedi, who replaced Joseph Kabila after elections in December, last month told delegates while on… Read More

Zimbabwe hands platinum concession to firm linked to Nigerian billionaire

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ZIMBABWE’S plan to accelerate the development of its platinum group metal (PGM) sector has taken another turn with the country awarding a concession to mine the metal to Bavura Holdings, a company which has Nigerian billionaire, Benedict Peters, as a shareholder, said Reuters. The concession comes just over a year after President Emmerson Mnangagwa’s government… Read More

Vedanta charges Zambia with “misuse of legal process” in KCM winding up order

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A PROVISIONAL liquidation order brought against Konkola Copper Mines (KCM) by Zambia’s ZCCM-IH, a state-owned company, was “an apparent misuse of legal process”, said Vedanta Resources which is to oppose the order in court tomorrow. Vedanta Resources controls KCM which operates copper mines and processing facilities in Zambia’s copperbelt region. Some $3bn had been invested… Read More

Tanzania to begin redistributing fallow mining land to small-scale miners

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EFFORTS to reform Tanzania’s minerals sector continued apace, according to Reuters which said the East African country would begin cancelling inactive mining exploration licences and distribute the mineral-bearing property to small-scale miners. Citing comments made in parliament by deputy minister for minerals, Stanslaus Nyongo, Reuters reported that “… all inactive prospecting licences are cancelled for… Read More

Gordhan tells Minerals Council to abandon Charter court bid in favour of fresh talks

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SOUTH Africa’s public enterprises minister, Pravin Gordhan, revealed an embarrassingly shallow understanding on Tuesday evening of the mining industry’s multi-year struggle for policy certainty. Asked by a questioner after his speech at the pre-AGM dinner of the Minerals Council SA (MCSA) what president Cyril Ramaphosa’s government was doing to recover the billions of foreign investment… Read More

Does AMCU have the stomach for another bruiser with Sibanye-Stillwater?

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DOES the Association of Mineworkers and Construction Union (AMCU) have the stomach for another strike? That’s perhaps the most important question ahead of platinum industry wage talks due to kick off this month. One view is that there’s every likelihood Joseph Mathunjwa, the increasingly incalculable president of AMCU, having lost some of his normal swagger in… Read More

Kebble nemesis, Mark Wellesley-Wood, passes away suddenly

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MARK Wellesley-Wood, the controversial mining CEO and financier who was long the nemesis of the late Kebbles, Roger and Brett, has suddenly passed away. KEFI Minerals, a UK-listed company of which Wellesley-Wood was chairman, announced Wellesley-Wood’s passing earlier today. “Wellesley-Wood was a gentleman of the highest integrity and discipline, a true professional who made a… Read More