The Chamber of Mines of Zimbabwe says tighter proposed state control over the sale of minerals would hit Anglo American Platinum (Amplats) and Impala Platinum Holdings (Implats), slow down foreign investment and stunt growth in the Zimbabwean mining industry.
China’s Guangzhou Dong-song Energy Group has negotiated a 49-year lease to mine the phosphates deposits in eastern Uganda. Estimated total deposits stand at 230 million tonnes and cover an area of 26 square kilometres.
South African finance minister Pravin Gordhan says that mining companies, the government and the labour unions need to end disputes that are halting mine operations and have pushed the rand to a four-year low to the dollar.
After years of on-off talks, months of brinksmanship and often bitter negotiations, Glencore's head Ivan Glasenberg gets to complete the US$30 billion acquisition of Xstrata today ‒ the mining industry's biggest takeover yet.