Market News
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South African Company Buys Back the Country\'s Platinum Mines
Posted on :Wednesday , 16th September 2015
Mining giant Anglo American announced on Wednesday the sale of three platinum mines in South Africa to Sibanye Gold, the country's largest gold producer.
The mines sold for 4.5 billion rand despite the plummeting platinum prices. Amplats, as Anglo American Platinum is known, actually values these assets at 7.7 billion rand. This 3.2-billion-rand loss is a sign of ju. . .Africa: The National Mining Consultative Forum Digs Deep to Find Mining Solutions
Posted on :Monday , 14th September 2015
Pretoria — The National Mining Consultative Forum is underway at the Sefako Makgatho Presidential Guesthouse, in Pretoria, to look into ways of saving thousands of jobs in mining and to mitigate challenges facing the sector.
On Tuesday, Mineral Resources Minister Ngoako Ramatlhodi briefed media ahead of the meeting convened by President Jacob Zuma. He said the meeting will. . .
Ghana: Investors in Mining Sector Return 77 Percent Profit to Ghana
Posted on :Thursday , 10th September 2015
Mr. Sulemanu Koney, Chief Executive Officer of the Ghana Chamber of Mines, says contrary to popular opinion, the mining industry returns a large proportion of its revenue to the Ghanaian economy.
He said, in 2014, for instance, the industry returned approximately 77 per cent of its revenue to the country, with a large part of the remainder used for capital expenditu. . ..jpg)
Government bans issuance of mining licences to minors
Posted on :Wednesday , 9th September 2015
The Ministry of Energy and Minerals has warned that children under 18 years are not allowed to be registered as shareholders when applying for mining licences.
An official of the ministry, Ms Nuru Shabani, sounded the warning here during a training for small-scale and artisanal miners on the newly introduced Online Mining Cadastre Transactional Portal (OMCTP).. . .
Kenya: Gold discovery brings Nandi back to life
Posted on :Wednesday , 9th September 2015
The discovery of one of the world’s most prized minerals — gold — is opening golden opportunities for villagers at Kapsaos location, Aldai in Nandi County.
Kapsaos is slowly turning into a hive of activity as residents seize opportunities to extract the resource from their hilly and rocky farms to generate additional income from the traditional maize, coffee and live. . .Please Select an Option
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