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Premier African Minerals gets cash boost and hires environmental consultant

Premier African Minerals gets cash boost and hires environmental consultant

Premier African Minerals confirmed it has received a US$1mln payment from Circum Minerals and also announced the appointment of an environmental consultant for its RHA tungsten project. The US$1mln cash injection is the third tranche of proceeds from the sale of the Danakil potash project, and the company anticipates two…

Freda, Trojan mine upgrades affect Mwana Africa production

Freda, Trojan mine upgrades affect Mwana Africa production

Mwana Africa (LON:MWA) saw a mixed quarter for production as it carried out upgrades to both its Freda Rebecca gold mine and Trojan Nickel operation. Kalaa Mpinga, Mwana’s chief executive, said modifications were made to improve the efficiency of the mills at Freda Rebecca, while mobile equipment was taken out…

Zimbabwe could miss 6.4 pct growth target for 2014 – Chinamasa

Zimbabwe could miss 6.4 pct growth target for 2014 – Chinamasa

Zimbabwe could miss its 6.4 percent growth target this year but the final number will not be as low as some international lenders have predicted, finance minister Patrick Chinamasa said on Monday. The World Bank has downgraded the southern African country’s growth to 3 percent this year. The International Monetary…

Zimbabwe government takes steps to help expedite USD 300m Kariba Power Plant Expansion

Zimbabwe government takes steps to help expedite USD 300m Kariba Power Plant Expansion

Zimbabwe’s government has taken a big step towards implementation of the Kariba South Hydro Power Station expansion project by setting up a company to take ownership of the plant’s assets, according to the Financial Gazette. The formation of a new firm, called Kariba Hydro Power Company was one of the…

Premier African mulls alternative approach to Zimbabwe tungsten project

Premier African mulls alternative approach to Zimbabwe tungsten project

Premier African Minerals (LON:PREM) is considering using existing underground shafts and a new processing plant to bring its RHA Tungsten projectin Zimbabwe into production next year. Originally, the mine plan envisaged an open pit and development of a decline for future underground mining. The new approach would enable production to…

PayPal enters four African countries including Zimbabwe

PayPal enters four African countries including Zimbabwe

PayPal is entering 10 new countries this week, including Nigeria, providing online payment alternatives for consumers via mobile phones or PCs in markets often blighted by financial fraud. Rupert Keeley, the executive in charge of the EMEA region of PayPal, the payments unit of eBay Inc, said in an interview…

Global food prices rise

Global food prices rise

According to the World Bank’s most recently published Food Price Watch Report, international food prices increased by 4% between January and April 2014, interrupting sustained declining trends in food prices observed since August 2012. A sharp 4% monthly increase took place in February, followed by a more subdued increase in…