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Strong mining production to spur economic growth

International Monetary Fund’s (IMF) latest focus on the local economy anticipates the gradually recover with real GDP projected to contract this year and turn positive in 2019. Geremia Palomba, IMF official said the anticipated turn will be supported by strong mining production and a rebound in construction activities. “Growth is …

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Tantalite rehires retrenched employees …as mine remains under care and maintenance

Tantalite Investment Mine has re-employed 17 of the 91 workers recently retrenched. According to the company, the re-employed staff will form part of a skeleton crew to keep the mine operational. The development comes after mines minister Tom Alweendo had a meeting Tantalite management to address the retrenchment issue. Larry …

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China’s gold market on the rise

China has become the largest gold producer and consumer in the world in the past two decades. On the backdrop, Roland Wang, Managing Director of China for the WGC said his company aims to work with government bodies, regulators and market practitioners to ‘develop China’s gold market on a long-term, …

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