24 C
Maputo
Monday, February 18, 2019

Akufo-Addo, Ramaphosa address historic Mining Indaba

Two major African mining economies’ presidents addressed the Investing in African Mining Indaba in South Africa, this year.   South African President Cyril Ramaphosa and Nana...

Nippon Steel & Sumitomo Metal may buy coal in Mozambique

Japanese steelmaker Nippon Steel & Sumitomo Metal is analysing the purchase of coking coal from Mozambique and other countries in an effort to offset...

Pallinghurst eyeing LSE listing

South African company Pallinghurst within the UK, South Africa, Zambia and Mozambique has announced intentions to list on the London Stock Exchange (LSE). The JSE-listed...

Moz coal assets come back to haunt former Rio Tinto CEO, CFO

The US Securities and Exchange Commission (SEC) has laid charges of fraud against diversified miner Rio Tinto and its former CEO Tom Albanese and...

Equipment sales remain under pressure

Plant equipment sales remained largely unchanged recording a decline of just 21 units over last year’s figure of 1455 machines sold during the third...

Catoca Mining Society responsible for 75% of the diamonds mined in Angola

Sociedade Mineira de Catoca (Catoca Mining Society), the largest diamond company in Angola, is responsible for 75% of the diamonds mined in the country,...

Caterpillar to invest $1bn in Africa over the next five years

US mining equipment manufacturer Caterpillar, its independent dealers and the Caterpillar Foundation are to invest $1-billion in business, education and training across Africa over...

Gemfields achieves record sales price for lower-quality emeralds

Twenty-nine companies placed bids in Aim-listed Gemfields’ second auction of production from its 75%-owned Kagem mine, in Zambia, in the current financial year, with...

Rubies from Mozambique sold at an auction in Singapore

A new auction of rubies mined in Mozambique held in Singapore allowed Montepuez Ruby Mining, Lda to obtain revenues of US$54.8 million, said the...

Group to split to improve customer focus

Swedish sustainable productivity solutions provider Atlas Copco will create a new company focused on mining and civil engineering, should it receive backing at its...