Zambian President Michael Sata (Reuters picture) Les autorités zambiennes ont annulé les permis de travail et titre de séjour de Kishore Kumar, le directeur général de Konkola Copper Mines, filiale en Zambie du groupe Vedanta Ressources Plc, coté sur la bourse de Londres.La décision intervenue alors que M. Kumar était en dehors du pays, implique que celui-ci n’a plus le droit de revenir en Zambie.
Zambian President Michael Sata (Reuters picture) Vedanta Resources Plc (VED)’s Zambian unit apologized to the president of Africa’s biggest copper producer after the country revoked the work permit of its chief executive officer.Konkola Copper Mines Plc, the southern African nation’s biggest investor, “wishes to unreservedly apologize to the president of the republic of Zambia and the nation for the unfortunate remarks”
Konkola CEO Kishore Kumar (Lusakatimes.co.zm Picture) According to Lusakatimes.co.zm on November 08, Konkola Copper Mine (KCM) Chief Executive officer Kishore Kumar has been deported.Reports reaching QFM News indicate that Mr Kumar has been deported for defying President Michael Sata’s directive for the mining company not to layoff a single worker, after KCM went ahead to lay off 76 workers.
The Democratic Republic of Congo’s army is smuggling and taxing gold and tin in the country’s east, where the government is trying to cut the link between violence and the mineral trade, a United Nations group of experts said.
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Tax avoidance, secret mining deals and financial transfers are depriving Africa of the benefits of its resources boom, ex-UN chief Kofi Annan has said. Firms that shift profits to lower tax jurisdictions cost Africa $38bn (£25bn) a year, says a report produced by a panel he heads.
Zambian map (commons.wikimedia.org Pic) The precious stones miner is concerned Zambia’s ban on overseas auctioning of gemstones will hurt revenue at its core Kagem emerald mine. Monday , 08 Apr 2013 (Reuters) –
The country plans to restart a railway used to bring metal to the port of Lobito from some of the world’s richest copper fields after a four-decade halt due to a civil war. Railway (Wikipedia Pic) Author: Colin McClelland Posted: Friday , 22 Mar 2013 (Bloomberg) – Angola plans to restart a railway used to bring metal to the Atlantic Ocean port of Lobito from some of the world’s richest copper fields after a four-decade halt due to a civil war.
According to a government document seen by Reuters, Israeli former civil servant Asher Avidan has been banned from entering or remaining in the country as of February 15. LONDON (Reuters) – Posted: Friday , 22 Mar 2013 George Soros & Guinea’s President Alpha Condé
Cape Town, 5 February 2013 – Mining code changes proposed by a number of African countries will deter further investment there, Randgold Resources chief executive Mark Bristow cautioned today. Mark Bristow speaking at DRC Breakfast at Mining Indaba 2013 (MNM Picture)
