Market News

Caledonia Mining Corporation's annual gold production rose in 2015 despite work on a major upgrade at its 49 percent owned Zimbabwe mining unit, Blanket mine. Production at Blanket Mine for the year was 42 800 ounces against 41 800 ounces and all largely due to higher output in the fourth quarter of . . .

The Federal Government says its target is for the solid minerals sector to account for 10 per cent of the gross domestic product, GDP, in the nearest future.   The minister of Solid Minerals Development, Kayode Fayemi, said this aspiration informed the present administration's efforts to repo . . .

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mining law has become urgent to bring new changes that will go a long way in addressing the shortcomings of the outdated legislation.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

ASX-listed IMX Resources on Wednesday unveiled plans to spin out its Chilalo graphite project, in Tanzania, through a transaction with its subsidiary Graphex Mining.   IMX told shareholders that the company had entered a sale and purchase agreement with Graphex Mining for all of its . . .

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 . . .