Biggest Ghana Mining Union Plans Protests Over Gold Fields Jobs
Ghana’s largest mineworkers’ union plans protests and strikes throughout operations in the country if the government allows Gold Fields Ltd.’s local unit to dismiss more than 2,000 staff as it starts the process of hiring a contractor to operate its biggest mine in the West African nation. Gold Fields is committing “acts of corporate greed […]
How Mining Council Will Increase Growth In Mining Sector, by Fayemi
The Minister of Mines and Steel Development, Dr Kayode Fayemi, has said that the newly inaugurated National Council on Mining and Mineral Resources Development (NCMMRD), would help accelerate growth in the sector, through adequate oversight and guidance as well as strategic input from states and host communities. Speaking at the inaugural meeting of the council […]
Zimbabwe Alloys Hands Over Half Of Its Mining Claims To Mugabe Govt
Zimbabwe Alloys, the country’s second largest ferrochrome producer, has ceded half of its mining claims to the government, a state-owned newspaper said on Wednesday, ending more than a year of negotiations. President Robert Mugabe’s government last June threatened to seize half of ZimAlloys 39,175 hectares of mining ground, but the mining company stood firm saying […]
AngloGold Ashanti Swings To H1 Loss On Job Cuts, Lawsuit
South Africa’s AngloGold Ashanti reported a first-half loss on Monday on costs related to layoffs and money set aside for litigation, but stuck to its full-year targets. Shares in Africa’s biggest gold miner were down 3.2 percent to 130 rand at 0903 GMT, while the wider sector was off 1 percent. AngloGold said it made […]
Tanzania Hands Mining Company $190 Billion Tax Bill
Tanzania sent Acacia Mining Plc a tax bill equal to almost two centuries worth of the gold producer’s revenue. The government issued the company, which mines all of its gold in the African country, with a $40 billion tax bill and another $150 billion in interest and penalties, Acacia said in a statement Monday. The […]
Kenya Reviews Mining Laws as Industry Struggles to Grow
Kenya is reviewing its mining code, a year after enacting new legislation, as it seeks to attract investment into an industry that’s barely grown over the past five years. The government is working with the U.K. Department for International Development-funded Extractives Hub to come up with a revised law that balances investor returns with government-revenue […]
Miners Vow to Fight South Africa’s New Black-Ownership Rules
South Africa’s latest mining overhaul could be mired in a long legal battle as producers vowed to stop the changes even as government said it’s time the black majority benefited from the country’s mineral wealth. Mineral Resources Minister Mosebenzi Zwane unveiled new rules for so-called black economic empowerment, including tougher ownership requirements, a community-development tax […]
Tanzanian Government Accuses Acacia of Mining Gold Illegally
Tanzania’s government accused Acacia Mining Plc of operating illegally in the East African country and said mining companies have been evading taxes. Acacia’s shares slumped. “The committee has established that Acacia Mining Plc has been conducting its mining business here in Tanzania contrary to the law,” Nehemiah Osoro, chairman of a committee ordered by President […]
Robin Wright Targets Congo’s ‘Conflict Minerals’ Violence With New Campaign
House of Cards star Robin Wright has launched a campaign with Congolese and American activists to end the pillage of Congo’s vast mineral resources and break the cycle of devastating wars that have claimed more than five million lives. The campaign will target US tech companies and political leaders in an attempt to push […]
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