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Mining

 

news by category: Mining

Found 25 articles.

Displaying 1-10 out of 25 results.

Condé tests Steinmetz

This month, ministers in Conakry are due to announce a landmark decision on the future of the world's biggest iron ore reserves

Beny Steinmetz, the Israeli billionaire whose stake in Guinea's giant Simandou iron ore deposit is in dispute, is having a bad year. Last month, Beny Steinmetz Group Resources rece...


Beny bites back

Beny Steinmetz, the Israeli mining magnate who has massive investments in Congo-Kinshasa and Guinea, is suing the public relations company FTI Consulting and its Europe Chairman, L...


The titanium rush

The government has warned Chinese company Hong Ti Minerals to develop its mining project quickly as other Chinese firms join the hunt

Such is the competition for Mozambique’s mining permits that the government has threatened to revoke licences from companies that do not quickly develop their concessions. Mi...


Dodging Dodd-Frank

Lobbyists failed to dilute the strong disclosure requirements that are now law in the USA but the transparency battle still rages in Europe

The American Petroleum Institute, a major oil industry association, and other pro-business groups are challenging the Dodd-Frank Wall Street Reform and Consumer Protection Act. Maj...


Opacity for all

In August, the United States Securities and Exchange Commission published its 236-page guide to the operation of Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Prot...


The Glencore-Xstrata merger

Two of the world’s biggest mining and trading companies are joining forces to launch new ventures in West and South Africa

A new African empire stretching from the Sahara to South Africa is in the making as Glencore and Xstrata, two giant mining and trading companies, finalise their plans to merge into...


Companies fight regulation

New US laws and planned European regulations are coming under fire from well-organised oil and mining lobbyists

Extractive industries don’t always like compulsory disclosure requirements. Companies are now fighting a rearguard action against recent United States and European Union legislatio...


The gamble for Simandou

Brazilian mining conglomerate Vale is keeping its operations under close review, after threatening to sell its investments in Guinea last month. After tough talks with its minority partner and President Alpha Condé’s government, Vale has for now pulled back from the brink. Yet it still has grave misgivings about the terms and conditions of a project in which it may have to invest as much as US$10 billion for a stake in one of the world’s richest iron-ore mines.

The financial firm JP Morgan estimates that Simandou’s Vale-controlled blocks can produce 50 mn. tonnes of ore annually by 2020. That compares favourably with the output of South ...


Mutatis mutandis

Mystery surrounds a sale by the state-owned Générale des Carrières et des Mines to a company linked to Dan Gertler, a close friend of President Joseph Kabila. Just three months bef...


Condé drives a hard bargain

Before parliamentary elections in November, the government is rewriting the mining code and reviewing contracts

Beyond the bonhomie and the stream of foreign dignitaries trooping to see President Alpha Condé in Conakry, evidence is emerging of grand corruption in public works and mining cont...


Displaying 1-10 out of 25 results.