There has been a surge of interest in Senegal’s mining industry, though instead of the established mineral reserves it is a shiny newcomer that is generating excitement and potentially large profits.
Senegal has an active mining sector, with new projects being developed to complement already existing operations. The country is a leading producer [...]
HARMONY Gold Mining & DRD Gold yesterday withdrew their seven-year-long complaint against ArcelorMittal for charging excessive prices for steel products in a case that could have cost ArcelorMittal R692m.
The companies said the settlement would be the end of this matter. But a second probe into collusive behaviour among steel companies, including ArcelorMittal , continues.
The second investigation [...]
President Rupiah Banda of Zambia, Africa’s biggest copper producer, said on Friday foreign mining firms should set up copper processing facilities to process finished products for export.
Banda was speaking in Solwezi, 700 km northwest of the capital Lusaka, where he commissioned the Lumwana copper mine, a unit of Australia’s Equinox Minerals Ltd (EQN.TO: Quote) [...]
is not gold … but copper, especially if you are Equinox Minerals, an international exploration and mine development company, dual listed on the Australian & Canadian stock exchanges.
Equinox has exploration activity being undertaken in Zambia and interests in Australia and Peru. The company is focused on operating its 100% owned Lumwana Copper Project in Zambia. The Lumwana [...]