Japan to provide $2bn to Africa resources projects

Japan will provide $2-billion worth of financial support over five years to back Japanese firms' resources development projects in Africa, media reported on Saturday. Japan's Trade Minister Toshimitsu Motegi made the announcement at the...

Vale cuts Mozambique coal export target by 30%

Brazil's Vale has cut the 2013 export target for its Mozambique coal mine by nearly a third, a company official said on Friday, after heavy floods temporarily shut a railway line. Vale now sees exports at 3.4 million tonnes for the year, down...

Africa

Tenders for work in the rest of Africa excluding South Africa

Drug-resistant TB threat among mineworkers

African mineworkers are at significant risk of becoming resistant to tuberculosis (TB) treatment, and those that are can be counted among the 650 000 cases of multidrug-resistant tuberculosis (MDR TB) estimated worldwide, of which less than 10%...

Mozambique unit of India's JSPL dispatches first coal shipment

The first shipment of coal mined by JSPL Mozambique Minerals at its Chirodze operation in the Tete province of the African country has been exported to India from the port of Beira. The shipment amounted to 36 600 t and was loaded on to the...

Mozambique gold project advancing – Auroch

The Manica gold project in Mozambique, which has a three-million-ounce Joint Ore Reserves Committee-compliant resource, is firming up historical data and identifying additional ounces. ASX-listed Auroch Minerals, which in January raised...

Dynamics of mining industry changing – Auroch

The dynamics of the mining industry were changing, with big no longer necessarily being the best way on a go-forward basis, Auroch Minerals MD Dean Cunningham said on Tuesday. The former mining analyst and investment banker said the trend going...

India’s lignite miner NLC to import coal for thermal power projects

Indian miner Neyveli Lignite Corporation (NLC) was set to start coal imports, as its power plants, which were aimed at diversifying the company’s project portfolio, neared completion. Coal imports would start at one-million tonnes a year and...

Natural resources continue to drive Mozambican economy and attract foreign interest

Foreign direct investment (FDI) in Mozambique hit a record level last year, with most of it directed at the natural resources sector, the Bank of Mozambique has revealed. The FDI figure for 2012 was $5.218-billion, more than double the amount of...

Africa

Tenders for work in the rest of Africa excluding South Africa

Rio Tinto expects Mongolia nod for copper exports soon

Rio Tinto could be two weeks away from gaining Mongolian approval to ship copper from its Oyu Tolgoi mine, helping offset a slide in revenue from its US copper business as it faces pressure to slash costs and sell non-core assets. A landslide at...

Botswana, South Africa coal line link on way – Transnet

The South African coal line to Richards Bay would include a Botswana link in seven years’ time, Transnet Freight Rail CEO Siyabonga Gama said on Wednesday. Gama told the twelfth Coaltrans Southern Africa coal conference that the proposed...