Market News

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mining law has become urgent to bring new changes that will go a long way in addressing the shortcomings of the outdated legislation.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 wa . . .

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 awaitin . . .

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. Thi . . .

The Australian mining company Triton Minerals, which holds the rights to graphite and vanadium deposits in the northern Mozambican province of Cabo Delgado, announced on 1 March that it is to focus on developing its graphite deposits at Ancuabe.   The deposit is expected to be the source of p . . .

The local mining sector’s attractiveness has slightly improved, according to the latest survey by Canadian think-tank Fraser Institute.         The Fraser Institute 2015 survey has ranked Kenya 103 out of 109 jurisdictions that were covered. It was ranked 121 out of . . .