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Tanzania and Australia: A green and gold umbilical cord?

Tanzania and Australia – an umbilical cord? What could be a stranger notion? After all Australia is pretty much as far as you can get from Tanzania with Sydney roughly 11,600km from Dar es Salaam, and Mwanza from Perth (the respective mining capitals) not much closer at 9,200km. Indeed, given this distance it is an

Zimbabwe doubles royalties on platinum miners

Zimbabwe has tabled new regulations for local companies, which include a doubling of mineral royalties for platinum miners. The royalty rate for platinum miners – among them units of Anglo Platinum and Impala Platinum – has been raised from 2.5% to 5%. Mineral royalties must now be paid “in both local and foreign currency in

Nordgold Announces Launch Of Power Plant Worth $30 Million At Gold Mine In Guinea

International gold mining company Nordgold announced on Wednesday the launch of a power plant worth $30 million at its gold mine in Guinea. “Nordgold Group (“Nordgold” or the “Company”), the internationally diversified gold producer, is pleased to announce the launch of a new 33 megawatt power plant at its Lefa mine � one of the largest gold mines in Guinea,” the statement read. The project of the new

Reviewing Uganda’s much acclaimed huge gold discovery

On 1st April 1988 an Australian fruit farmer in the small town of Beenleigh, Queensland was reported to have unearthed a huge “gold nugget”. This was followed by global news reporting confirmation from the Australian Government that indeed the nugget was gold. The fruit farmer Boyce had stated that the 10-pound nugget, dubbed “Mortgage Buster”,