Weekly summary report : Mining sector

Power Brokers and their Connections

Published this week in the MINING SECTOR section  SPOTLIGHT _ _  GUINEA _ _  13/05/2021 _ _   Vale contests BSGR's new counsel in $2bn Simandou iron ore battle After starting a trial in the US to demonstrate that its former partner on the Simandou iron ore project, Beny Steinmetz, had fraudulently invested funds in New York property, the Brazilian mining group Vale believes its opponent's new lawyer has been picked to undermine the proceedings.  [...]      SPOTLIGHT _ _  RUNNING STORY _ _  ANGOLA _ _  12/05/2021 _ _   Luanda shuns Antwerp's courtship of its diamonds and stays loyal to Dubai Angola did not respond warmly to the arguments put forward by a delegation of diamond industry leaders from Antwerp, who travelled to Luanda to pursuade João Lourenço to end Dubai's virtual monopoly over the country's diamond production.  [...]  SOUTH AFRICA _ _  14/05/2021 _ _   As Eskom falters, mining industry struggles to generate its own electricity   Mining companies keen to build their own renewable energy plants have run into a wall of South African red tape and are increasingly frustrated by the shortcomings of the public utility company Eskom, which are affecting the entire sector.  [...]      MADAGASCAR _ _  13/05/2021 _ _   Rio Tinto pushes its agenda in tax renegotiations   QMM, Rio Tinto's division in Madagascar, has scheduled bi-monthly meetings with authorities to discuss its fiscal regime, up for renewal, and recruited a brand new communications team, as well as agency 35° Nord to reinforce public relations over the next year.  [...]      UGANDA _ _  12/05/2021 _ _   Australians warned about Museveni's new production sharing contracts   Uganda is a risky place to invest due to lack of clarity on the future of existing exploitation permits and due to changes in taxation under the new Mining Act, according to a consulting firm advising Australian mining and energy groups.  [...]    FREE  _ _      BOTSWANA _ _  11/05/2021 _ _   Vigor Group soaks up the sun in Gaborone   Botswana is becoming increasingly attractive to the solar energy sector and battery-metal mining juniors. Among the latest to be lured by its opportunities is Vigor Group, based in neighbouring Namibia.  [...]      DRC _ _  11/05/2021 _ _   Chamber of mines, civil society anxious as generals take charge of two eastern provinces   Given that problems at mines in the east of the country are often linked to the armed forces, the installation of military governments in Nord Kivu and Ituri is a source of concern.  [...]      DRC _ _  10/05/2021 _ _   Gecamines entrusts two sites to Terra Mining, a firm with Israeli, Bulgarian and Ukrainian ties   Terra Mining came to an agreement with Gecamines to determine the potential of two cobalt and copper permits in Haut-Katanga. The company is based in Bulgaria but run by Ukrainian and Israeli businessmen, some of whom are already very active in the DRC.  [...]      BURKINA FASO _ _  11/05/2021 _ _   Ouagadougou settles VAT debt with miners Discover our subscription offers

For any questions, please contact us To manage your newsletters, click here To unsubscribe, click here