Displaying items by tag: Mining

Kenya: Any potential financial recovery of ARM Cement could be threatened by the loss of its mining licences. Local legislation lists insolvency as a condition that could trigger suspension or revocation of a mining licence, according to the Business Daily newspaper. The cement producer was placed into administration by UBA Bank in mid-August 2018, with PricewaterhouseCoopers staff appointed as administrators. PWC’s Muniu Thoithi said that the company was approaching the government on the issue.

Philippines: Global Ferronickel is considering building a cement plant to take advantage of the government’s rapid infrastructure development programs.
Company president Dante Bravo said that its Cagdianao mine showed potential for limestone, according to the Philippine Star newspaper. The mining company is considering options to maximize the investment from its reserves.