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Mining Weekly | Africa

The latest mining world news and project information from Africa.
  • Power no longer major threat to Moma – Kenmare
    Power supply challenges that have affected production at the Moma titanium minerals mine, in northern Mozambique, have been eased considerably with visibly improved power quality and consistency since December, enabling a production surge during the first quarter of the year. Titanium minerals and zircon producer Kenmare Resources on Friday said the installation and commissioning of additional power transmission infrastructure by Electricidade de Moçambique (EdM) led to a capacity increase of 50 MW, or 42%, in December.
  • DRDGold declares Q3 dividend
    Dual-listed DRDGold on Friday declared a dividend of 38c a share for the third quarter of the 2016 financial year. The group’s total distribution for the year to date was now 50c a share, when added to the 12c a share interim dividend declared in February, representing a 400% increase on the 10c a share for the full 12 months of 2015.
  • CoAL signs MoU with potential investor for Makhado project
    Coal of Africa Limited (CoAL) has signed a memorandum of understanding with Qingdao Hengshun Zhongsheng, which has shown an interest in acquiring an interest in CoAL’s flagship Makhado coking coal project, in the Soutpansberg coalfield. Hengshun had now started a due diligence on Makhado.