Africa Mining: Zimbabwe targets $12bn from mineral exports in five years
Zimbabwe expects to earn $12-billion a year from mineral exports by 2023, Mines Minister Winston Chitando said.
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Industry Analysis: How Natural Gas Prices Could Double In 2019?
Summary Natural gas bears have only focused on production, while ignoring the faster growth in demand. I show the temporary factor responsible for 2018’s production growth that will dissipate next year. As production growth slows and new demand sources come online, I predict a major gas supply shortage and higher prices in 2019.
Read MoreAfrica Mining: Zambian mining group says tax changes will hit mineral exploration
Zambia’s proposed mining tax increases will hit mineral exploration and production in Africa’s second biggest copper producer, companies involved in exploration said on Tuesday.
Read MoreAfrica Mining: South Africa’s commodity sector continues to suffer
While favourable market conditions, higher commodity prices and strong internal discipline will produce increased liquidity and balance sheet strength for miners this year, advisory firm PwC Africa energy, utilities and resources leader Michal Kotzé believes South Africa’s commodity sector will continue to suffer.
Read MoreAfrica Mining: As commodities roar, Africa wants bigger slice of mining pie
(Bloomberg) — One by one, the biggest names in African mining are getting squeezed. The tactics might be blunt, but the message is clear: the countries where they operate want a bigger share of the proceeds.
Read MoreGlobal Mining: After years of pain, coal becomes one of 2016 hottest commodities
Less than a year after thecoal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities.
Read MoreAfrica Extractive Industry: Commodity shock knocks continent’s growth prospects – World Bank reports
World Bank has lowered its 2016 growth forecast for Africa to 3.3%, from 4.2% previously, after the continent expanded by only 3% in 2015; the slowest pace of growth since the 2009 global financial crisis and well below the 6.8% levels experienced by the continent between 2003 and 2008.
Read MoreAfrica Mining & Energy: Prospect of international loans, a mixed blessing for Angola and Nigeria
With Nigeria and Angola seeking international loans to help ease their oil pain, investors are hoping that any loans will lead to a revision of their worrisome economic policies.
Read MoreWe Thought You Should Know This: Did You know about the South32?
The South32 is a result of the breakup of BHP Billiton company in two. This company will have in its portfolio those assets considered non-priority by BHP. It will be called South32 because most of its mines are located in the southern hemisphere along the latitude 32 in Australia and South Africa. This is the new market trend and BHP as well as VALE SA will be selling these new substantial parts of the new…
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