Congo reinstates VAT on imports for Mining Companies

Congo has reinstated a value added tax on mining company imports, the chamber of mines said on Saturday, part of what miners say is a deteriorating business climate in the country. Democratic Republic of Congo’s government agreed to suspend the tax in July 2016 to help companies during a commodity price downturn, and to pay …

Gold could be used in Cancer treatment, researchers say

A team of scientists at the University of Edinburgh and the University of Zaragoza found that a tiny medical device containing gold specks could boost the effects of lung cancer medication and reduce its harm. The group, led by Dr. Asier Unciti-Broceta from the Cancer Research UK Edinburgh Centre, worked on encasing gold nanoparticles in …

16 miners missing after Alrosa accident

Rescue teams are searching for 16 workers missing in a mine owned by Russian diamond miner Alrosa after the pit flooded on Friday, the company said. A total of 102 miners have been brought to the surface and another 33 miners have been located in the mine in Yakutia in eastern Siberia and are being …

Diamond industry’s projection before year-end

After a very strong recovery following an industry-wide inventory buildup in 2014-2015 and again after India’s demonetization in late-2016, the diamond industry’s momentum has begun to stall, or perhaps normalize is the proper verbiage. Here we are little more than half way through 2017, and industry fundamentals are not necessarily negative, but signals are mixed …

Opinion: What I Saw in Ajaokuta Steel

I have heard and read a lot about the National Iron-Ore Mining Company (NIOMCO), Itakpe and Ajaokuta Steel Company Limited (ASCL) but I saw their true state for the first time in early May when I, in company of about 50 journalists, visited the gigantic complexes on a fact-finding mission. I was a rapporteur of …

Solid Minerals and Climate Change

Climate change which often manifests in the form of extreme temperatures, increased or decreased precipitation, increased frequency and magnitude of storms and rising sea levels, poses a number of risks to the mining sector and could impact mining operations negatively. One impact of climate change may in turn trigger other impacts of climate change on …

Ghana Signs $10 Billion Bauxite Project Agreement With China

Ghana signed an agreement with China that may culminate in the development of a $10 billion bauxite venture that will include the construction of alumina refineries and railway infrastructure, according to a senior government official. The two countries agreed to a memorandum of understanding in which China will provide funding for the project to exploit …

EXCLUSIVE: Report on Nigerian National Mining Summit

Abuja Nigeria played host to the maiden edition of National Mining Summit themed “Unearthing Nigeria’s Mining Sector”. Speaking in Abuja at the opening ceremony of the maiden edition of the National Mining Summit, the acting-President of Nigeria Prof Yemi Osinbajo, stated the mining sector is to receive US$600 million of investment funds through amongst others, …

Maelgwyn Mineral Services Africa; the experts with the answers

Minerals processing technology provider Maelgwyn Mineral Services Africa is adept in assisting clients cost effectively increase their minerals processing recovery. This is thanks largely to Maelgwyn Mineral Services Africa proprietary equipment and processes, as well as key highly skilled personnel who all share extensive metallurgical research and development backgrounds. Established in 2006, Maelgwyn Mineral Services has spent the last …

Solid Minerals: How States And Individuals Can Make Billions

Dr Kayode Fayemi, Minister for Solid Minerals and Steel Development, has a big assignment. He is to revive the dead mining sector and make it an alternative revenue source for the Federal Government. Nigeria has never, in its history, been in need of diversification like this! This is because, given the activities of militants in …