Mining and Exploration

At the moment, though Devex has opened a few offices in other countries where clients have adopted its systems, it is firmly a Brazilian company, with 85 percent of its $35 million annual revenue generated domestically. However there is no better seed-bed for new technology than Brazil, and forward thinking global mining groups are now taking notice of Brazil not just as a country with huge resources to extract but as a developer of smart ways of doing that.

BHP said that production had jumped by nine percent to 187 million tonnes for the year to 30 June, news that analysts have reacted to by claiming it meant that the commodity giants were betting on continued strong demand from China, despite the country's economy seeing a slowdown in growth.

On March 1 this year ACCL International’s President, Haji Habibullah Pirzada, opened the company’s newly built headquarters in Kabul. ACCL is an Afghanistan-based company that makes use of its unique approach to partnership in a variety of post-conflict or underdeveloped regions worldwide to create wealth. It is a sign of the success of this unusual company that it had grown out of the premises it occupied since it was established in 2003.

Mwana Africa was founded by Kalaa Mpinga, a citizen of the DRC, a former senior executive of Bechtel, and a director of Anglo American before launching Mwana Africa Holdings in 2003. Two years later he and a group of partners across Africa were in a position to float Mwana Africa PLC on the prestigious AIM market of the London Stock Exchange.

Every person involved in gold mining or trading must have been shaken when the gold price slumped in mid April, so it’s reassuring to hear that one well-respected investor, the Canadian financier, Frank Giustra, said recently that he has complete faith in the continuation of the bull run. When it comes to investment Giustra has been so right for so long that it’s encouraging to know he is on Endeavour Mining’s Strategic Advisory Board.

Since it was first discovered in the country in the 1920s, copper has been one of Zambia’s most important sources of income. Five years after its independence from British rule in 1964 Zambia was classified as a middle-income country, with its GDP, then among the highest of any African nation, buoyed by what where at the time soaring copper prices. The history of decline in Zambian copper production, as opposed to the growth that was witnessed for example in Chile over the same period, is well known.

With an estimated 40 trillion cubic feet (tgf) of liquid natural gas (LNG) contained in its contracted exclusive economic zone (EEZ) Cyprus hopes to establish itself as an energy hub for the eastern Mediterranean, its primary export market being Europe.

As one of the world’s fastest growing senior gold producers, with operations and development projects located in some of the safest and most stable countries in the Americas Goldcorp is riding on the crest of a wave. Its operating assets include five mines in Canada and the USA, three in Mexico, and three across Central and South America, namely the Marlin mine in Guatemala, Alumbrera in the Argentine, and its newest and largest project Pueblo Viejo in the Dominican Republic.

The country, the world’s largest diamond producer, has long campaigned for its diamonds to be processed, sorted, marketed and sold from within its own borders. The auction was conducted by the government-owned Okavango Diamond Company.

Later in the year, diamond giant De Beers, which owns the country's main mining firm with the government, will also move its sales to Botswana’s capital, Gaborone. Last year, the company moved its rough stone sorting operation, which had been based in London for nearly 80 years, to Botswana.

Tanbreez, though this does need explaining to the uninitiated, does just what it says on the tin. The name is a contraction of two close associates on the periodic table Tantalum (TA) and Niobium (Nb), their cousins the rare earth elements (REE), while the final Z stands for their elusive though incorruptible uncle Zirconium. All of these are sought after as new uses are found for them in, among other things, electronics, alloys, mobile devices, car exhausts and green power generation applications.