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Mining Weekly | Africa

The latest mining world news and project information from Africa.
  • CoAL continues to progress Makhado development
    Coal of Africa Limited (CoAL) on Friday reported that an optimisation study and the front-end engineering and design have been completed for its Makhado project.
  • Glencore reviewing bribery allegations said to involve Gertler
    Glencore, the world’s biggest commodity trader, is reviewing allegations by US authorities regarding the bribery of officials in the Democratic Republic of Congo said to implicate its partner, Israeli-billionaire Dan Gertler. Some of Gertler’s projects in Congo were funded by Och-Ziff Capital Management Group, which on Thursday agreed to pay more than $400-million to settle a US investigation that it committed bribery violations in Africa. Och-Ziff’s partner in Congo paid $100-million in bribes to government officials over a 10-year period to win access to mining assets, according to an agreement between Och-Ziff and the US Justice Department.
  • Gemfields auction nets $11.1m
    Aim-listed Gemfields’ latest auction of emerald and amethyst has netted revenue of $11.1-million. The auction, held in Jaipur, India, from September 26 to 29, included commercial-quality rough emerald extracted at Gemfields’ 75%-owned Kagem mine, in Zambia, and higher-quality amethyst mined by Gemfields’ 50%-owned subsidiary Kariba Minerals in Zambia.