Mongolia’s Cabinet has decided to review a draft agreement on ownership of Tavan Tolgoi, a potentially huge coking coal project in the Gobi Desert that has attracted interest from some of the world’s biggest mining companies.
The decision means the Mongolian government will set up a working group to renegotiate ownership and investment rights for the [...]
Hemisphere Gold Inc., a gold exploration, property acquisition and mining development company, reported today that its surveys of its concession continue on multiple fronts and that initial results should be ready in the very near future.
The surveys and testing are concentrating in specific areas that have been identified through satellite imagery and geologic trends. There [...]
The Zambian government proposed Friday to raise a tax on mining companies, aimed at helping the copper-rich but impoverished nation cash in on high global copper prices.
The proposed tax increase is part of the government’s austere US$3 billion (euro2.3 billion) 2007 budget, released Friday?
Finance Minister Ng’andu Magande said the government planned to negotiate with the [...]
Zambian Minister of Mines and Minerals, Dr. Kalombo Mwansa, said today the ministry was updating its policies to encourage continued private investment in the country, but said increased royalties of 3% on mining sales were “not negotiableâ€.
Mwansa said Zambia would not delay the implementation of the new royalties, as the country needed money in its [...]
Egypt has signed a memorandum of understanding aimed at restructuring the gold mining sector, which officials predicted could bring in more than 10 billion dollars and reshape the country’s economy.
The MoU was signed by Oil Minister Sameh Fahmy and the International Finance Corporation (IFC), the private arm of the
World Bank group, to replace old mining [...]
Celebrating his one-year anniversary as Bolivia’s President with a four-hour speech, Evo Morales announced Monday that he has sent a bill to Bolivia’s Congress calling for an increase in the Complementary Mining Tax (ICM) levied on foreign mining firms operating in Bolivia.
Apparently the amount of the ICM to be paid will be based on the [...]
Surging global demand for copper has breathed new life into the mining industry in Chingola, a short drive from the Congolese border on top of some of the richest copper deposits in the world.
Zambian miners clad in white helmets and blue jumpsuits are building a $300-million (about R2,1-billion), high-tech copper smelter at Konkola Copper Mines, [...]
Indonesia has quietly become the world’s second-largest exporter of coal used to generate electricity and could potentially challenge Australia for the top spot this year, analysts and industry officials say.
But growing domestic demand for energy in Indonesia and stagnating foreign investment have cast doubt on the country’s ability to take advantage of expanding demand for [...]
The nation’s mining sector is on the threshold of a major expansion, as the 2nd International Mining Investment Conference and Exhibition on Nigeria (IMICON 2007) will take place from February 13 to 15 2007, at the Transcorp Hilton Hotel, Abuja.
The forum, described as the biggest annual mining event in the country, is being organised by [...]
Speakers at the two-day ninth Arab Conference for Mineral Resources that concluded here recently recommended creating investment opportunities in the mineral resources sector.
Nearly 100 Arab and foreign mining experts participated in the event, which was attended by more than 1,000 representatives of local, Arab and international companies.
Speakers urged the private sector to study technical aspects [...]
