Africa

Beny Steinmetz associate jailed over Guinea’s Simandou case

Cecilia Jamasmie | July 28, 2014
Beny Steinmetz associate jailed over Guinea’s Simandou case

Frederic Cilins, a French businessman who worked as an intermediary for BSGR in Guinea, became the first person to receive a criminal sentence in a corruption investigation.

Miners need to overhaul business model to boost productivity: study

Cecilia Jamasmie | July 25, 2014
Miners need to overhaul business model to boost productivity: study

Cost reduction measures in the mining industry could well have undermined the sector's productivity, which remains down, according to a new EY report.

Dr. Elizabeth Adey - Wardell Armstrong

Human rights and the mining industry: managing the problems before they arise

As people become ever more aware of what’s going on the world — including the impact of commercial activity on human rights — the expectations of society are inevitably rising.

Impala profit may drop 20% plus after platinum strike

Impala talks about the repercussions of the recently ended platinum strike on earnings.

De Beers changing its diamond sales model

Cecilia Jamasmie | July 22, 2014
De Beers changing its diamond sales model

The world's largest diamond miner by market value said it will adopt a more flexible sales approach.

Anglo American platinum names mines to be sold

Cecilia Jamasmie | July 21, 2014
Anglo American platinum names mines to be sold

The mines account for over half of the company's workforce but only a quarter of production.

Goldcorp mulled buying Newmont Africa mines: Bloomberg

Jeffrey Richmond | July 18, 2014
goldcorp mulled buying newmont africa mines bloomberg feat

Move signifies departure for Vancouver-based miner.

Key mining houses look online to sell variety of assets

Clear Asset | July 17, 2014
AssetThumb

Exxaro, Harmony, Anglo, Diesel Power and SA Taxi will take a variety of assets to auction during late July. The assets will be sold via a leading online mining auctioneering platform.

Anglo American platinum production down 40% after S. Africa strike

Cecilia Jamasmie | July 17, 2014
Anglo American platinum production down 40% after S. Africa strike

Output from the rest of Anglo's diversified mining assets rose, but it wasn't enough to offset underperformance at its platinum mines.

Oil and mining laws in South Africa may be split: minister

Bloomberg | July 15, 2014

South Africa should consider drafting separate laws to regulate the fledgling oil and gas industry to encourage investment, Mineral Resources Minister Ngoako Ramatlhodi said.

Amplats expects severely lower profits after five-month strike

Cecilia Jamasmie | July 15, 2014
Amplats expects severely lower profits after five-month strike

The firm warned first-half profit may drop as much as 96%.

Cecilia Jamasmie

BHP sell-off could undo Billiton historic deal

Cecilia Jamasmie | July 13, 2014
BHP sell-off could undo Billiton historic deal

As BHP considers the sale of almost all of the businesses that Billiton brought to the 2001 merger deal, experts say the firm is likely to end up leaving London.

South African metal workers 'to escalate' strike

Cecilia Jamasmie | July 13, 2014
South African metal workers 'to escalate' strike

The National Union of Metalworkers in South Africa (NUMSA) has rejected the latest offer because it didn't include a double-digit wage increase for all three years.

Barrick Gold gets partner to mine for copper in Saudi Arabia

Cecilia Jamasmie | July 13, 2014
Barrick Gold gets partner to mine for copper in Saudi Arabia

The miner has agreed to form a joint venture with Saudi Arabian Mining Co (Ma'aden) to run its Jabal Sayid asset.

Africa’s largest iron ore miner hit hard by weak prices

Cecilia Jamasmie | July 11, 2014
Africa’s largest iron ore miner hit hard by weak prices

While final results will be released on July 22, Kumba Iron Ore expects first-half profit to slide by as much as 19%.

Banro provides Q2 2014 production update for its Twangiza Gold Mine, DRC, and detailed Namoya operations overview

Market Wire | July 9, 2014

Q2 2014 gold production and an operations update.

Diamond industry recovers place in miners’ hearts on climbing demand, prices

Cecilia Jamasmie | July 8, 2014
Diamond industry recovers place in miners’ hearts on climbing demand, prices

Sector now delivering some of the healthiest returns for many of the world’s biggest miners, including Rio Tinto and Anglo American.

Gold industry admits fix must be fixed

Jeffrey Richmond | July 7, 2014
wgc meets to fix london fix feat

Debate focused on modernizing or replacing century-old pricing process.

Massive layoffs expected in Zimbabwe as diamond deposits run out

Cecilia Jamasmie | July 7, 2014
Massive layoffs expected in Zimbabwe as diamond deposits run out

It has become economically unviable for miners to dig any deeper for the precious stones.

Sibanye: Can raise $1B at 'the drop of a hat'

Mineweb for MINING.com | July 5, 2014

'We have been through the front doors of just about all the significant platinum companies,' Neal Froneman, Sibanye CEO, says.

Namibia advances plans of selling diamonds without De Beers

Cecilia Jamasmie | July 4, 2014
Namibia advances plans of selling diamonds without De Beers

Minister of Mines and Energy Isak Katali said the idea is to give diamond dealers and manufacturers the opportunity to buy directly from locals.

Top South African miners leave the World Gold Council

Cecilia Jamasmie | July 4, 2014
Top South African miners leave the World Gold Council

As members pay per ounce of metal produced, both companies said they had to look at the cost-benefits of staying in the organization.

North River secures $12m to restart Namib mine, shares shoot up

Cecilia Jamasmie | July 4, 2014
North River secures $12m to restart Namib mine, shares shoot up

Deal will allow North River to fast-track the development of its flagship lead and zinc mine.

Randgold hoping for major discovery in Ivory Coast

Cecilia Jamasmie | July 3, 2014
Randgold hoping for major discovery in Ivory Coast

CEO Mark Bristow, who is hoping for one last major find before retiring.

Barrick Gold ready to offload Montana-based Golden Sunlight Mine

Cecilia Jamasmie | July 3, 2014
Barrick Gold ready to offload Montana-based Sunlight Mine

The move is part of a now two-year-long move to shed non-core assets and pay back debts.

Travis McPherson - CEO.ca

Outperforming Lucara likely to use its paper to grow

Travis McPherson - CEO.ca | July 3, 2014
diavik mine feat

Share price continues to hit all-time highs.

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