The struggling mine, Gold Fields’ only asset left in South Africa, holds the world’s largest gold deposit after Grasberg in Indonesia and accounts for 60% for the company’s mineral reserves.
Africa Mining News
Namibia's long-delayed Kudu gas-to-power project, seen as key to boosting electricity security in the southwest African country, might not be viable.
Country now accounts for as much as 80 percent of global ruby output.
The need to store electricity, generated by renewable energy sources such as wind and solar, will also help demand to grow, the Metal Bulletin says.
Two new studies reveal where ancient Egyptians got the red metal from.
Barrick's plan going forward includes increasing its portfolio of so-called tier 1 assets over time, and gradually shedding anything that’s not tier 1 or deemed to be “strategic.”
Fitch Solutions Macro Research states that bauxite production growth will remain high over the coming years, as new projects come online in Australia, Indonesia expands exports, India’s production ramps up, and existing projects in Guinea drive growth.
Vedanta Resources' Zambian unit said its Konkola Copper Mine operations have been stopped to allow for investigations, after one miner was killed in an underground accident.
Upon knowledge of the accident all underground operations were suspended and authorities were notified.
Randgold Resources is not yet paying the higher royalties and taxes required by the Democratic Republic of Congo's new mining code as the gold miner is still negotiating with the government.
Lucapa Diamond Company and the Government of the Kingdom of Lesotho (“GoL”) are pleased to provide an update on diamond recoveries from the ongoing bulk sampling program at the Mothae diamond mine in Lesotho (Lucapa 70%; GoL 30%).
For the International Energy Agency, having the Democratic Republic of Congo as the supplier of almost 60 per cent of the global production of cobalt is a risky business.
The 10 rough, larger-than-100-carats diamonds produced at Letšeng led the hike.
The killing of three reporters in the Central African Republic pulls a private, pro-Kremlin military company out of the shadows.
Price for scarce precious metal rhodium is up 270% in two years.
Sibanye-Stillwater is due to report half-year results on August 23.
South African gold producers say they have offered annual wage increases of up to 7.2 percent to underground employees and up to 4.5 percent for miners and artisans, after unions rejected a previous offer last week.
Gold miner Centamin Plc's quarterly core earnings topped market expectations as lower-than-estimated mine site costs and inventory-driven sales volumes offset a drop in production.
13,000 jobs to be slashed as the local platinum industry grapples with rising costs and weak prices for the precious metal.
The mine is one of Ghana’s newest gold operations and it is located in the country’s Ashanti Region.
Kinross Gold Corp said on Wednesday it was "pausing" expansion work at its Tasiast gold mine in Mauritania after a government request for talks to improve the country's economic benefits from the miner's activities.
Democratic Republic of Congo President Joseph Kabila is meeting members of his ruling coalition to discuss who will be its candidate in presidential elections this year.
Given that most of the high-economic diamond deposits in the world have already been put into production, diluted via expansion, or depleted, going forward the economics of diamond mines will inevitably gravitate towards higher-cost, lower-value operations.
Mali's government has granted Randgold Resources a 50% corporate tax reduction for the next 4 years at its Gounkoto mine.
They were said to be investigating a private Russian security company operating in CAR as well as Russia’s interests in the local diamond, gold and uranium sectors.