Mining Industry Market Reports

Angola sees production from two gold mines being developed in the country’s north starting in 2017, helping diversify the economy of Africa’s second-biggest oil producer, Minister of Geology and Mines Francisco Queiroz said. About $600 million has been invested in exploration for the metal at Mpopo in the southern Huila…
The Democratic Republic of Congo’s state-owned copper miner is on track to deliver its lowest output since 2004, the year after Africa’s biggest war ended.A shortage of power low-grade ore and equipment breakdowns hurt output.     In the first nine months of the year Gecamines produced a fifth of…
Joy Global Inc. (JOY), the world’s largest maker of underground mining machinery, said it expects to see further declines in mining-industry capital expenditure during a “challenging” 2015. Next year “will again present challenges as oversupplied commodity market dynamics play out,” Chief Executive Officer Ted Doheny said today in the Milwaukee-based…
Zambia reduced its estimate for economic growth this year as mining output in Africa’s second-biggest copper producer shrank. Preliminary real gross domestic product expanded by 6 percent, Finance Minister Alexander Chikwanda said in an e-mailed statement today. In October, he predicted growth of 6.5 percent, while the International Monetary Fund…
First Quantum Minerals Ltd. (FM) is starting up a Zambian copper mine to feed an $850 million smelter the Canadian producer began operating last weekend amid friction between the mining industry and government over tax changes. Kansanshi Smelter will produce 300,000 to 350,000 metric tons of copper a year, John…
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