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...
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...
Major South African coal extension project on cards
A decision will be taken in the June quarter on go-ahead for the Klipspruit Life Extension coal project in Mpumalanga, which is said to...
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...
Delivering integrated power solutions for African projects
Integrated energy solutions provider Zest Energy, a member of the Zest WEG group, is set to hand over a power generation solution for Syrah...
South Africa falls behind in new mine development
South Africa’s historically successful mining industry has crowded out the search and discovery of potential new mines, leaving in its wake a lack of...
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,...
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...
Mozambique turns to IMF for emergency loan as Currency falls
Mozambique has turned to the International Monetary Fund for $286 million in emergency aid to help cushion the economy after the currency lost almost...
