Market News
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Nigeria Targets Solid Minerals to Account for 10 Percent GDP
Posted on :Friday , 18th March 2016
The Federal Government says its target is for the solid minerals sector to account for 10 per cent of the gross domestic product, GDP, in the nearest future.
The minister of Solid Minerals Development, Kayode Fayemi, said this aspiration informed the present administration's efforts to reposition the solid minerals sector to diversify the country's economy and creat. . .Zimbabwe to Amend Colonia Era Mining Law in Order to Attract New Investors
Posted on :Friday , 18th March 2016
THE government said Monday that amending the country's mining law has become urgent to bring new changes that will go a long way in addressing the shortcomings of the outdated legislation.
Mines minister Walter Chidhakwa told legislators that the Mines and Minerals Amendment Bill of 2015 was now in place and due to be tabled in parliament for debate.&nb. . .IMX Advances Tanzania Graphite Spin-Out, Listing Planned For May
Posted on :Thursday , 17th March 2016
ASX-listed IMX Resources on Wednesday unveiled plans to spin out its Chilalo graphite project, in Tanzania, through a transaction with its subsidiary Graphex Mining.
IMX told shareholders that the company had entered a sale and purchase agreement with Graphex Mining for all of its graphite assets, including the Chilalo project.Kinshasa: Congo Shelves New Mining Tax Law
Posted on :Tuesday , 15th March 2016
AFRICA's largest copper producer, the Democratic Republic of Congo (DRC) has reportedly suspended consideration for a new mining tax law until the prices of the metal improve.
According to international media, the DRC government says it suspended the consideration of the mining code awaiting recovery of the prices on the international market.ZCDC Commences Diamond Mining Operations in Zimbabwe
Posted on :Friday , 11th March 2016
Zimbabwe Consolidated Diamond Company has commenced operations with over 100 000 carats having been mined two months after operations started. Finance Minister Patrick Chinamasa said yesterday that all revenue proceeds from the mining activities of the merged company will now accrue to Treasury. This is in spite the fact that three companies opposed to the consolidation of diamond mining compan. . .
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