Central Africa

Covering mining exploration, development, mines in the Democratic Republic of Congo, DRC, Commodities in these regions include copper, cobalt,

Mopani dismisses expatriates

[img:Zambia_0.jpg|Mopani copper mine
– a major Zambian
copper producer
]Lusaka, Zambia --- MININGREVIEW.COM --- 07 April 2008 - One of Zambia’s leading copper producers, Mopani Copper Mines Plc (MPC), is reported to be firing 40 expatriate managers in a bid to cut costs to counter the government’s new tax code that will see mining firms pay more in royalties and other taxes with immediate effect.

New Zambian tax code

[img:Zambia_0.jpg|Mopani copper mine
– a major Zambian
copper producer
]Lusaka, Zambia --- MININGREVIEW.COM --- 02 April, 2008 - Zambia has begun enforcing its new tax code that will see mining firms pay more in royalties and other taxes, despite objections that the government has reneged on tax exemption deals with foreign investors.

Reporting this development from here, Reuters explains that all foreign firms in the copper-rich central African nation are required to start paying the higher taxes this month.

New Zambian tax bill approved

[img:New%20Act%20-%20Pic%201_0.jpg|Levy Patrick
Mwanawasa,
President
of Zambia
]Lusaka, Zambia --- MININGREVIEW.COM --- 28 March, 2008 - Zambia's parliament this week approved an amendment to the Mines and Minerals Act that will increase taxes and abolish existing agreements between the government and mining companies operating in the central African country.

Bloomberg News reports that the bill – which will be signed into law by President Mwanawasa on April 1 – will lift royalties on sales fivefold to 3%, and increase corporate income tax from 25 to 30 %. That will raise the effective tax rate on mining companies from 31 to 47%.

R6 billion potash project in Congo

[img:Mag%20-%20Pic%201_0.jpg|The 10-acre
MagIndustries site
within the port of
Pointe-Noire
]Toronto, Canada --- MININGREVIEW.COM --- 27 March, 2008 - MagMinerals – a wholly-owned subsidiary of Toronto Venture Exchange-listed MagIndustries Corporation – has been granted a 25 year mining license for its Kouilou potash mine in the Republic of Congo (ROC). The ROC Government will retain a 10% free carried interest in the project.

Africa to help meet future Indian coal needs

[img:India%20-%20Pic%201_0.jpg|The Badarpur coal-fired
plant in New Delhi –
one of Coal India’s
many installations
]New Delhi, India --- MININGREVIEW.COM --- 27 March, 2008 - African mining industries – particularly those in South and Southern Africa – may be called on to assist India’s ambitious effort to effect a fivefold increase in the supply of coal by non-State-run producers within four years.

Wide interest in Zambian coal project

[img:Maamba%20-%20Pic%201_0.jpg|At work at ZCCM’s
Maamba coal mine
in Zambia
]Lusaka, Zambia --- MININGREVIEW.COM --- 26 March, 2008 - There has been widespread interest in Zambia’s major supplier of coal to the country’s copper mines, with no fewer than 30 foreign and local companies having tendered for shares in the company so far.
 
Reporting from here, Reuters quotes Joseph Chikolwa, chief executive officer of ZCCM Investments Holdings – which wholly owns the Maamba Collieries Ltd mine – as saying that tenders would close at the end of this week on March 28.

DRC seeks changes in mining contracts

[img:Congo%20-%20Pic%201_0.jpg|Anvil’s HMS plant at
Kulu, in the Kolwezi
area of the DRC
]Kinshasa, DRC --- MININGREVIEW.COM --- 25 March, 2008 - The Mines Review Commission of the Democratic Republic of Congo (DRC) – tasked with overhauling the industry after years of war and neglect in the central African country – has published its long-awaited report reviewing contracts between foreign mining organisations and its state-owned companies, reports Reuters.

DRC mines report due this week

[img:DRC%20-%20Pic%201_0.jpg|A DRC project ready
for action - the 40-
and 100-tonne mining
fleet at Frontier Mine
]Kinshasa, DRC --- MININGREVIEW.COM --- 19 March, 2008 - The Democratic Republic of Congo (DRC) will publish the long-awaited final report of its mines contract review commission tomorrow, reports Reuters, citing Mines Minister Martin Kabwelulu.
 

African mining awards

[img:Nedbank%20-%20Pic%201_0.jpg|A view of the 8 km
overland conveyor system
installed Anglo Coal's
Goedehoop Colliery
]Johannesburg, South AFRICA --- miningreview.com --- 18 March, 2008 - Entries have been invited from across Africa for the third annual Nedbank Capital Green Mining Awards, to be held on 9 October 2008.

A Nedbank media release issued here today explains that the purpose of the awards is to honour African mining and mineral beneficiation operations that have made a significant effort to promote sustainability, either in terms of the integrated approach encapsulated in the concept, or the individual components. Given the broadness of this field, the awards recognising different aspects of sustainability include: the sustainability, environmental, socio-economic and limited resources awards.

Pangea’s DRC plant commissioned

[img:Pangea%20%28New%29%20-%20Pic%201_0.JPG|Pangea geologists
evaluating potential bulk
sampling sites on the
Longatshimo River project
]London, England --- MININGREVIEW.COM --- 13 March, 2008 - Pangea DiamondFields plc – a mid-tier diamond producer and exploration company with a portfolio of ten projects in the Central African Republic (CAR), the Democratic Republic of Congo (DRC), South Africa and Angola – reports that the bulk sampling plant delivered to its Longatshimo River project in the DRC late last year has been successfully constructed and commissioned.

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