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Tag Archives: mining

China group buys DR Congo copper mine for $2.65 billion

Kinshasa, DR Congo | AFP | US company Freeport-McMoRan said Monday it was selling control in the Tenke Fungurume copper mine in DR Congo to China Molybdenum, giving the Chinese company a strong foothold in the country’s rich copper and cobalt reserves. Freeport-McMoRan will offload its 70 percent stake in …

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Industry threatens nearly half of natural heritage sites: WWF

Paris, France | AFP Almost half of all natural World Heritage Sites, including the Great Barrier Reef and Machu Picchu, are threatened by industrial activities such as mining, oil exploration and illegal logging, conservation group WWF warned Wednesday. The 114 threatened sites, virtually half the total listed by UNESCO, provide …

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Uganda to review mining laws

By Julius Businge The Ministry of Energy and Mineral Development has started the process of revising some clauses in the mining laws to attract the highly mobile capital and finance needed to establish a modern and viable mining industry. The laws in question are; the Mineral Policy, which was put …

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