Namibia loses an average of N$4,6 billion annually as a result of money laundering, bribery and tax evasion through illicit financial flows (IFFs), according to a report by the think tank Global Financial Integrity. This is as the Bank of…
With dwindling foreign aid, it appears the governments in East Africa have resorted to squeezing everywhere to raise some dime. Taxation may be good however, when the extremes are beyond reasonableness, countries are bound to break the back of the…
Diamond miner Lucara Diamond Corp’s Karowe diamond mine, in Botswana, delivered another solid operational quarter for the period ending March 31, and the company’s high-value diamond production forecast remains robust, underpinned by its focus on operating practices, CEO and president William Lamb says. …
JSE- and NYSE-listed Sibanye-Stillwater has reported its lowest group serious injury frequency rate (SIFR) in its history for the first quarter, ended March 31. The SIFR of 2.19 was 15% lower than the first quarter of last year and marked…
Anglo American’s shareholders are pushing the company to speed up the release of its turnaround plan as the 107-year-old miner seeks to present an alternative to BHP Group’s takeover bid. Anglo has been reviewing its business since mid-2023, looking at every mine…
With the drying up of the country's main hydroelectric dams and repeated load shedding, the mining sector, especially copper mining, is likely to be affected by the electricity deficit. Once again, the drought exacerbated by the El Niño weather…
25 Apr 2024 De Beers Group today announced it is relocating the De Beers Group Auctions business headquarters from Singapore to Botswana. The relocation supports De Beers’ focus on streamlining its operations and enhancing the efficiency of its activities,…
Barrick Gold Corp. is signalling it could be in for a protracted slog in Mali, as the big Canadian gold miner pushes back on the military government’s demands for a greater share of the country’s mining spoils. Barrick on Wednesday…
A UN-led panel of nearly 100 countries is to draw up new guidelines to prevent some of the environmental damage and human rights abuses associated with mining for “critical minerals”. Mining for some of the key raw materials used in…
