Stratex International has announced positive results from the first phase of its Blackrock drilling operations in Ethiopia’s northern Afar region
Mining
West African Mineral Corporation set to begin Cameroon drilling project
Iron ore exploration group West African Mineral Corporation (WAMC) has announced that it is set to begin the second phase of its exploration programme at the firm’s Binga permit in south-western Cameroon
Stella Diamonds renews Sierra Leone Tongo licence
Stella Diamonds has successfully renewed its Tongo production permit, which consists of four diamondiferous kimberlite dykes. (Image source: Stella Diamonds)
The mining firm Stella Diamonds has announced the renewal of its exploration licence over operations in the Tongo kimberlite dykes project in Sierra Leone
Zambian copper firm plans US$1.5 billion development
Mopani Copper Mines has planned a US$1.5 billion development that will double its copper production. (Image source: photosmith2011/ Flickr)
Mopani Copper Mines (MCM) plans to spend US$1.5 billion on a new Zambian copper project that would extend the life of its operations in the Nkana and Mufulira mines by more than 30 years
Revenue boost for Zambian mining sector
Royalties on the Zambian mining sector has caused tax revenue to increase by 46 per cent. (Image source: Mmj/ Flickr)
Tax revenue from Zambia’s copper-mining sector has undergone a 46 per cent leap, now totalling ZMK 35 billion (US$7.1 million) per month, as a result of the doubled mineral royalties that came into effect in April 2012
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