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
Quarrying
Revenue boost for Zambian mining sector
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
China plans US$100 million Zambian copper project
China Copper Mines looks set to build a US$100 million plant in Zambia, with the expected production capacity of 600 tonnes of copper cathodes per annum
SA mining firm buys stake in Xceed’s coal project
Xceed Resources has signed an MoU with South Africa’s Thebe Mining Resources to sell a cornerstone stake in its Moabsvelden coal project for AUD 11 million (US$112.90 million)
SA mining nationalisation threat lingers on
Fear of nationalisation of mines in South Africa continue to push away potential investments in the country. (Image source: timofair/Flickr)
Persistent fears of the forced nationalisation of mines in South Africa have jeopardised potential investment in the country, according to ratings agencies Fitch and Standard & Poors
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