“In Africa as elsewhere in the world, while energy companies might be somewhat undertaxed, mining companies typically are greatly under-taxed. Indeed, it is only a slight exaggeration to say that, with a few significant exceptions, notably Botswana’s diamond mines, mining in Africa is barely taxed
Mines and Mining Development Minister Winston Chitando has challenged the local manufacturing industry to quickly position itself for anticipated boom of the mining sector to be able to produce and supply key equipment and other inputs required by the sector. Minister Chitando last week told
PERMANENT Secretary in the Ministry of Mines and Mining Development, Mr Munesuishe Munodawafa, has implored the mining sector to embark on diversification programmes to increase the number of mineral commodities the country’s economy can benefit from. Mr Munodawafa made the remarks during the Kwekwe Mining
Owing to the fact that the vast majority of extractable mineral reserves in the country are yet untapped, a senior geologist, Benjamin Ukwuteyinor, has called for reforms in the sector. He said geological and geophysical data on solid minerals in Nigeria were grossly inadequate, adding
TORONTO Stock Exchange listed miner, Caledonia Mining Corporation, has upgraded the resource base at its local gold mining unit, Blanket Mine by 13 percent, taking the miner’s total resource endowment to almost 1.8 million ounces. The upgrade will result in longer term life of mine
A wide range of products are exported from African economies The African continent is endowed with plenty of natural resources that help boost the economic growth of member states. The natural resources in Africa range all the way from gold and diamonds to agricultural products
Minister of State, Ministry of Mines and Steel Development Mr. Abubakar Bwari has joined foreign investors to appeal to banks to invest in mining. He made this known while declaring open the first Nigeria Metallurgical Industry Stakeholders’ Forum (MISF) held in Abuja. The theme of
In the past eight months, artisanal miners have outdone the formal mining sector by millions of dollars in revenue. views: 593 author: http://allafrica.com
The Democratic Republic of Congo’s state-owned Gecamines received at least $33 million to proceed with the $3.8 billion sale of one of the country’s biggest copper mines to Chinese buyers after blocking a deal for eight months. Read More