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Govt Approves Zimplats Plan to Sell 10 Percent Equity to Workers After Rejecting 2013 Indigenisation Deal

Govt Approves Zimplats Plan to Sell 10 Percent Equity to Workers After Rejecting 2013 Indigenisation Deal

ZIMBABWE’S largest platinum miner, Zimplats Holdings, says President Robert Mugabe’s government has approved its plan to sell 10 percent equity to workers but rejected the rest of the initial 2013 local ownership agreement signed by the two parties. Zimplats, in January 2013 agreed to sell a majority stake to local black investors for $971 million […]

AU Legal Opinion – Any Exploration and Exploitation of Natural Resources in Western Sahara By Morocco Is Illegal

AU Legal Opinion – Any Exploration and Exploitation of Natural Resources in Western Sahara By Morocco Is Illegal

The African Union (AU) has issued a legal opinion agreeing that any exploration and exploitation of natural resources in Western Sahara by Morocco is illegal as it violates international law and resolutions of the United Nations and the African Union relating to the right to self-determination and permanent sovereignty of the people of Western Sahara […]

Nigeria’s Richest Man, Aliko Dangote, To Build A Cement Plant In Zimbabwe

Nigeria’s Richest Man, Aliko Dangote, To Build A Cement Plant In Zimbabwe

Africa’s richest man, Nigerian Aliko Dangote, said on Monday he would build a cement plant in Zimbabwe, a major boost for the southern African country that is desperate for foreign investment. The billionaire, whose business empire includes Dangote Cement, also told journalists after meeting Zimbabwe Vice President Emmerson Mnangagwa that he aimed to invest in […]

China signs A $4.3bn Deal With Africa’s Richest Man, Aliko Dangote

China signs A $4.3bn Deal With Africa’s Richest Man, Aliko Dangote

A Chinese state-owned engineering company has signed a deal worth $4.3bn (£2.8bn) to build factories for a Nigerian cement company run by Africa’s richest man, Aliko Dangote. China’s Sinoma will build seven plants across the continent and one in Nepal. The new factories will add around 25 million tonnes to the firm’s existing cement capacity […]

The Rapidly Developing African Economies Have Caught The Eye Of Investors

The Rapidly Developing African Economies Have Caught The Eye Of Investors

The rapidly developing economies of Africa have caught the eye of numerous property investors, according to the Knight Frank Report 2015. The continent is no longer viewed as a region of economic and industrial hardship, but as one of opportunity and potential prosperity. Following almost a century of commercial inertia, Africa’s economy began to accelerate […]

WSRW Chairman On Visit to Saharawi Refugee Camps

WSRW Chairman On Visit to Saharawi Refugee Camps

Chairman of Western Sahara Resource Watch (WSRW), Erik Hagen, will start Wednesday a visit to Saharawi refugee camps, Saharawi news agency SPS has said. During the visit, Hagen will hold discussions with Salem Lebsir, the head of Saharawi political group Polisario Front, Khatri Addouh, the speaker of the Saharawi’s National Parliament, M’hamed Khaddad, the coordinator […]

Marikana miners launch civil claim against govt totalling more than R1bn

Marikana miners launch civil claim against govt totalling more than R1bn

The miners arrested and injured at Marikana launched a civil claim against government totalling more than R1bn on Friday, their lawyer said. “The team led by Advocate Dali Mpofu, SC, launched the civil suit on behalf of 275 miners,” the miners’ lawyer Andries Nkome told News24. “The suit launched is for financial compensation for unlawful […]

‘Get Rich Quick’ With Pink Sapphires – For Some

‘Get Rich Quick’ With Pink Sapphires – For Some

In the early 1990s, only 40 people lived in Ilakaka, a sleepy village off the beaten path in south-west Madagascar more than 700km from Antananarivo, the capital of the rugged Indian Ocean island. The government took little interest in the village; it was no more than a blip on the map. But in 1998 the […]

Govt of Liberia and Hummingbird Sign 25-Year Mineral Agreement

Govt of Liberia and Hummingbird Sign 25-Year Mineral Agreement

The Government of Liberia and Hummingbird Resources on Thursday signed a 25-year Mineral Development Agreement (MDA) to develop the Dugbe Gold Mine in Sinoe County. Under the agreement, Hummingbird will invest more than US$100 million over a 25- year period, while at the same time creating at least 200 jobs for qualified Liberians. At the […]

Zimbabwe’s Desperate Gold Rush Poisons Children With Mercury

Zimbabwe’s Desperate Gold Rush Poisons Children With Mercury

Cynthia Dzimbati was exhausted. Her three-month-old baby strapped to her back and panning dish in hand, she had spent the whole day working the Mutare River for not one single ounce of gold. “This is now my life. I lost my job,” said the 31-year old single mother, looking so worn out she could easily […]

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