Zambia mining tax deals heavy economic blows, review welcomed

Zambia - The combination of the new Zambia mining tax and weak copper prices is dealing heavy blows to Zambia’s economy. As such it is...

DRC mining code: proposed changes will ruin the industry

Democratic Republic of Congo (DRC) – The DRC’s Chamber of Mines has warned the government that its proposed changes to the DRC mining code...

Freeport-McMoRan cuts quarterly dividend to $0.05 per share

US - Freeport-McMoRan, or FCX, the US-based natural resources company, are tightening the purse strings after declaring a low cash dividend of $0.05 per share from...

Ivanhoe Mines sells 9.9% stake in operations

Southern Africa – TSX-listed Ivanhoe Mines announced on Monday that China-based Zijin Mining Group will be acquiring a significant minority stake of 9.9% in...

First Quantum Minerals – Agreement on EBITDA covenant

Zambia - TSX and LSE-listed base metals miner First Quantum Minerals (FQM) last week announced that the required threshold of syndicate banks have agreed...

Kinsevere copper mine: a major asset for MMG after 3 years

Democratic Republic of Congo - Today (20 March) marks three years since MMG acquired the world-class Kinsevere copper mine in the Katanga Province of...

DRC’s territorial reform raises taxation, civil-war risks in Katanga

Democratic Republic of Congo - Law firm ENS warns that a new law signed into effect by President Joseph Kabila on March 2, 2015,...

Las Bambas acquisition key to MMG’s sustained growth

Peru - International copper mining company MMG, which acquired the Las Bambas copper project in Peru in a joint venture from Glencore Xstrata in April...

Palabora Copper’s R9.3bn life-of-mine extension project approved

South Africa - Palabora Copper, a subsidiary of Palabora Mining Company, has received the much anticipated nod from their shareholders to execute a R...

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