EXPLORATION/PRODUCTION

AFRICA MINING INTELLIGENCE n°266 - 25/01/2012
ALGERIA
Phosphates: urgent need for new thinking
As a result of the Arab Spring, phosphate output plunged in Tunisia and Egypt in 2011 but demand climbed in neighboring Algeria and at Somiphos, the country’s state-owned phosphates producer. But its limited transportation capacity is hobbling Somiphos long-term prospects for growth. (...)  [317 words]   [$11,2]
AFRICA MINING INTELLIGENCE n°266 - 25/01/2012
ERITREA
A key year for Sunridge Gold
Now that it wholly owns its Asmara project since its partner Antofagasrta Minerals SA pulled out in May, the project’s operator, Sunridge Gold, is accelerating the completion of a feasibility study on the Deberwa section (known as Debarwa project). (...)  [207 words]   [$7]
AFRICA MINING INTELLIGENCE n°266 - 25/01/2012
ERITREA
Namibian Copper NL spies new prospects
An old hand in African mining, Colin Ikin, who is current chairman of the Australian explorer Namibian Copper NL which has confined itself to Namibia up to now on the continent, is planting the company’s flag in Eritrea. (...)  [151 words]   [$7]
AFRICA MINING INTELLIGENCE n°266 - 25/01/2012
CONGO-K
CMSK/GCM: Forrest wins first round
The Forrest group can claim victory in the first round of a procedure pitting it against state-owned Gecamines. The latter wants Forrest’s shares in the Compagnie Miniere du Sud Katanga (CMSK) , which owns copper and cobalt deposits in Luiswishi and Luisha. (...)  [248 words]   FREE
AFRICA MINING INTELLIGENCE n°265 - 11/01/2012
IVORY COAST
Toungara not the master in his mansion
The works seem totally gummed up at Adama Toungara’s mines, oil and energy ministry even though he is close to president Alassane Ouattara. Mining companies which applied for concessions in 2011 are losing patience waiting for green lights. In some cases, when the applications are examined and approved by the mining committee COMINE Toungara takes his time in signing the least authorization for mining reconnaissance and exploration licenses. (...)  [285 words]   [$11,2]
AFRICA MINING INTELLIGENCE n°265 - 11/01/2012
SOUTH AFRICA
Coal India Ltd opens a wide offensive
Inter-government cooperation between India and South Arica no longer seems enough to meet with the Indian sub-continent’s ever-growing needs for coal. (...)  [184 words]   [$7]
AFRICA MINING INTELLIGENCE n°265 - 11/01/2012
ANGOLA
Gaydmak’s revenge against Leviev
The Russian-born Israeli businessman Arcadi Gaydamak won an important first round in his legal battle against diamond trader Lev Leviev in December when the High Court of London agreed to hear his case in May 21. (...)  [230 words]   [$7]
AFRICA MINING INTELLIGENCE n°265 - 11/01/2012
MADAGASCAR
Mineral Deposits spreads its wings
Mineral Deposits Ltd (MDL) is fleshing out its portfolio in the upstream after a “vertical integration” operation with Eramet last year that enabled it to gain a foothold in upgrading mineral sands (the Tyssedal unit in Norway). (...)  [173 words]   [$7]
AFRICA MINING INTELLIGENCE n°264 - 21/12/2011
BURUNDI
Koncar lone boss of Musongati nickel scheme
Danko Koncar, chief of the company that controls Burundi Mining Metallurgy Ltd. (BBM) which operates the Musongati nickel project, is a highly relieved man. Two years after the U.K. concern Merlin Mineral Resources Ltd. petitioned the Eastern Caribbean Supreme Court in the British Virgin Islands the panel has rejected its claim accusing Kermas, who owns the Kermas Ltd. (...)  [319 words]   [$11,2]
AFRICA MINING INTELLIGENCE n°264 - 21/12/2011
SENEGAL
Suner seeking partners for gold venture
An investment adviser and boss of Monaco-based Consul Universal, Alexandre Suner is currently putting together a project in Senegal to mine and market gold. (...)  [171 words]   [$7]
 
AFRICA MINING INTELLIGENCE n°266 - 25/01/2012
GABON
Eramet set to lose its manganese crown
In launching pilot production of manganese at M’Bembele last year, China’s CICM Huangzhou signaled an end of Eramet’s de facto monopoly over the sector in Gabon. (...)  [332 words]   [$7]
AFRICA MINING INTELLIGENCE n°266 - 25/01/2012
NAMIBIA
Areva’s middle-men in UraMin deal
Who had a hand in facilitating Areva’s controversial 2007 acquisition of UraMin, which owned the Trekkopje uranium project in Namibia? (...)  [311 words]   [$7]
AFRICA MINING INTELLIGENCE n°266 - 25/01/2012
MAURITANIA
Indonesia’s PT Bumi takes the offensive
Active in exploring for iron ore in Mauritania since 2005, Bumi Mauritania SA, an affiliate of Indonesia’s leading coal manufacturer PT Bumi Resources Minerals, has moved into higher gear. (...)  [238 words]   [$7]
AFRICA MINING INTELLIGENCE n°266 - 25/01/2012
IVORY COAST
Afema: Taurus Gold in Abidjan’s cross-hairs
Officials in the mines ministry are examining the sale of the Afema gold mine in eastern Ivory Coast to Taurus Gold. (...)  [123 words]   [$7]
AFRICA MINING INTELLIGENCE n°265 - 11/01/2012
NAMIBIA
China’s Shao plants flag on iron project
Considered an influential figure in the mining industry by the China Nonferrous Metals Industry Association since 2010, Shao Yi, managing director of the state-owned East China Mineral Exploration & Development Bureau is now building up his positions in Africa and especially in Namibia. (...)  [314 words]   [$7]
AFRICA MINING INTELLIGENCE n°265 - 11/01/2012
ZAMBIA
Simuusa wants more respect for ZEMA
Does the advent of a new government mean a change in how the mining industry is run? Mines minister Wylbur Simuusa, who took over from Maxwell Mwale at the end of 2011, could answer the question: (...)  [216 words]   FREE
AFRICA MINING INTELLIGENCE n°265 - 11/01/2012
ERITREA
How ENAMCO plans to pay Chalice
The Eritrean Mining Corp (ENAMCO) is being put to the test. The national mine company must contend with the withdrawal of Chalice Gold from the Zara gold project and its replacement by Shanghai Construction Group Co. (...)  [206 words]   [$7]
AFRICA MINING INTELLIGENCE n°265 - 11/01/2012
CONGO-K
Central Bank in court over diamond case
The Banque Centrale du Congo (BCC) is due to appear before a magistrates court in Brussels on Jan. 18 in the presence of the former managing director of Miniere de Bakwanga (MIBA), Jean-Charles Oko, in a case involving the theft of $80 million and money-laundering at the expense of the diamond company. (...)  [279 words]   [$7]
AFRICA MINING INTELLIGENCE n°264 - 21/12/2011
CENTRAL AFRICAN REPUBLIC
Overhaul for Mining Industry
In the final version of its “Document de Strategie de Reduction de la Pauvrete” for the period between 2011-2015 recently unveiled before donors, the Central African Republic announced a flurry of measures to regain control of its mining sector, which is made up essentially of small-scale operators digging for gold and diamonds. (...)  [268 words]   [$7]
AFRICA MINING INTELLIGENCE n°264 - 21/12/2011
TANZANIA
Kores invests in Mkuju uranium exploration play
Unlike Chinese investors who pay top dollar to buy into established uranium companies, Korea Resources Corporation (Kores) is aiming high on the upstream by buying into in mining explorers it considers vital to the future of the yellow cake industry. (...)  [191 words]   [$7]

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