AFRICA MINING INTELLIGENCE n° 49 - 13/11/2002

ANGOLA Espirito Santo Moves on Lucapa After Luo A Portuguese group that signed a big, $104 million contract to acquire the Luo project on Oct. 24, Grupo Espirito Santo, is now seeking a stake in another diamond concession located in the basin of the Lucapa and Luachimo rivers. (...). [Total : 176 Words]. (4,7USD) 2 1 NIGERIA TDA Spurns Government Mining Projects The U.S. Trade Development Agency (TDA) has turned down a request by Nigeria's Solid Minerals Development Ministry for funding for various mining projects such as an airborne geophysical survey of the country, feasibility studies for an asphalt plant and for a power station running on coal. (...). [Total : 150 Words]. (4,7USD) CONGO Search at BBL Headquarters Belgian police searched the headquarters of Banque Bruxelles Lambert (BBL) on Nov. 5 during an investigation into the laundering of several million dollars from sales of coltan in Democratic Republic of Congo in a case implicating Belgian businessman Jacques Van Den Abeele. (...). [Total : 177 Words]. (4,7USD) AFRICA The Discreet SA Export Development Fund South Africa's ABSA Bank, which has just poured 60 million rand into the New Africa Mining Fund (AMI 42) headed by Arthur Mashiatshidi, is linked to the South Africa Export Development Fund (SAEDF), a discreet fund established by the bank in 2000 and now managed by The Export Venture Capital Corporation. (...). [Total : 257 Words]. (4,7USD) 2 1 ZIMBABWE Rio Tinto To Resume Diamond Mining Despite the poor investment climate reigning in Zimbabwe, the country will shortly start producing diamonds again following closure of the River Ranch Ltd. (...). [Total : 161 Words]. (4,7USD) 2 GHANA Birim Waiting on Ashanti to Develop Bui The development of Birim Goldfields Inc.'s project at Bui in central-west Ghana now depends on Ashanti Goldfields paying royalties on another venture in the country. (...). [Total : 149 Words]. (4,7USD) 2

CONGO - K Belgium Wants Clear-Cut Laws In a speech in Geneva on Nov. 5, Jean De Ruyt, Belgium's ambassador to the U. (...). [Total : 112 Words]. (1,5USD) NIGERIA Formal bids for Alscon Nigeria's Bureau of Public Enterprises is on the verge of sending out forms for bids by companies interested in buying 51% of the Aluminium Smelter Company of Nigeria (Alscon). (...). [Total : 85 Words]. (1,5USD) TANZANIA A University at Golden Pride Mine Resolute Mining, which opened Tanzania's first large-scale mining operation at Golden Price in 1998, is already preparing to convert the site once the mine closes in 2008. (...). [Total : 80 Words]. (1,5USD) SOUTH AFRICA Australian Firms Doubt Over Future Kings Minerals, an Australian company that has been exploring on the Wimbledon diamond project in South Africa, has suspended its operations while waiting for the final version of the government's future empowerment charter. (...). [Total : 73 Words]. (1,5USD) 2 2

ANGOLA Abel Chivukuvuku The former ?foreign minister? of the late UNITA leader Jonas Savimbi, Abel Chivukuvuku, who is now head of the UNITA group in Angola's parliament, has lashed out at the monopoly that Ascorp holds on the marketing of Angola's diamonds. (...). [Total : 158 Words]. (4,7USD) NAMIBIA Francis Waldron The CEO and managing director of Diamond Fields International Ltd. (DFI), Francis Waldron, and other members of the board, have fallen afoul of the company's main shareholder, Jean-Raymond Boulle. (...). [Total : 139 Words]. (4,7USD) SOUTH AFRICA Richard Linnell A South African geologist, Richard Linnell, lies at the origin of drive by the Australian firm Golden Valley Mines to snap up base metals companies in South Africa. (...). [Total : 156 Words]. (4,7USD) 2 2 CONGO - K Tshitala Luabeya Unlike his predecessor, Tshitala Luabeya, the new boss of Miniere de Bakwanga (MIBA) came from the ranks of the company. (...). [Total : 234 Words]. (4,7USD) SOUTH AFRICA Grant Mitchell A former senior analyst at South Africa's Mineral & Energy Policy Center, Grant Mitchell now works as a consultant for the South Africa Mining Development Association (SAMDA, P. (...). [Total : 80 Words]. (FREE!)

NEW YORK South African Department of Minerals & Energy Roadshow In the wake of a meeting between South African mines and energy minister Phumzile Mlambo-Ngcuka with London's business community on Nov. (...). [Total : 66 Words]. (1,5USD) L0NDON Gold Investment Summit Euromoney Seminars is organizing a new conference on gold as a haven in troubled financial times, the "Gold Investment Summit" in London on Nov. (...). [Total : 143 Words]. (1,5USD) 2 1