The UAE’s Emirates Global Aluminium (EGA) has signed an agreement to supply bauxite ore procured from Guinea to China’s Bosai Minerals Group. The financial terms of the latest deal were not disclosed. Under the three-year agreement, EGA will deliver several million tonnes of bauxite ore a year to the Chinese group. This comes after EGA
Felix Tshisekedi, president of the Democratic Republic of the Congo (DRC), has demanded a ban on issuing and trading mining permits until the country’s mining registry has been audited, a measure aimed at combating fraud within the sector. Tshisekedi told ministers he wanted to end the squandering of mining assets by unnamed political actors and
THE Government, through the Ministry of Mines and Mining Development, says it needs about $8 million to support initiatives aimed at resuscitating closed but potentially productive mines through attracting fresh capital and interventions from key stakeholders. Mines Minister Winston Chitando, speaking at the 2022 pre-budget seminar a few days ago, said measures were being taken
MOST top executives in the mining sector are optimistic that the economy will grow in 2022 with most players planning to expand operations going forward, The State of the Mining Industry Report has established. The survey findings show that about 55 % of respondents mining executives are expecting the economy to grow in 2022, while
The International Monetary Fund on Wednesday revised upward this year’s economic growth forecast for the Democratic Republic of Congo to 5.4% due largely to higher-than-expected mining production. The IMF said in statement that it had also reached a staff-level agreement with Congo’s government on the first review of a three-year $1.5-billion extended credit facility that
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