Africa Mining News

Botswana's first uranium mine gets environmental nod

Australian company A-Cap Resources (ASX:ACB) is a step further to developing Botswana's first uranium mine, after the government approved its environmental impact statement (EIA).

Australia's mining project pipeline dwarfs other countries

Significant brown and greenfield projects through 2020 nearly outnumber the next ten countries on the list.

Anglo American’s De Beers gets a new CEO

Current strategy director Bruce Cleaver will replace Philippe Mellier, who held the position for five years.

Sibanye’s platinum mine workers begin indefinite strike

The company will seek a court order to stop the strike, which is already affecting output.

Boom in private debt financing for mining

Australia's Taurus raised $683m to invest in mining company debt last year, while two funds currently in the market are targeting investor capital of $800m.

Iron ore price falls 5% – China scrap adds to oversupply fears

China's steel association warns accumulated steel output will exceed 10 billion tonnes in 2016 as scrap prices drop below pig iron costs inside the country.

Kinross Gold workers strike at Tasiast mine in Mauritania, shares plummet

Mauritanian workers complain that there is a major gap between their salaries and Canadian expats working for Kinross.

Long-lost ship found in Namibian desert — with gold aboard

Diamond miners have found the remains of a Portuguese ship that disappeared on its way to India laden with gold and other treasure, almost 500 years ago.

GEOVIA identified as leading software provider for African miners

According to a recent survey by Timetric’s Mining Intelligence Centre (MIC), GEOVIA’s Surpac has come out as the most widely used mining software across African mines, followed by Datamine and Hexagon Mining’s MineSight.

Vale readies for iron ore price war

For competitors S11D is a four-letter word.

No waste, no fuss for the mining industry

Mining companies are required, by law, to have abatement plans in place to deal with all kinds of waste.

Harvard, IMF economist: Emerging markets must go for gold

If all central banks were to hold at least 5% of forex reserves in gold (versus 60%+ in rich economies) it would require the purchase of almost 8,000 tonnes

South African miners to pay 67% of acid drainage clean-up costs

The government will pay for two-thirds of the cost by collecting money from mining companies through a new environmental levy.

Ivanhoe Mines condemns promotion of false and dishonest claims by Mining Watch Canada

The Canadian miner strongly refutes accusations of human rights abuses and illegal operations at its South African project made by the NGO.

Lulo diamonds sell for A$2.9 million

Special diamond recoveries continue at E46 as mining resumes at Mining Block 6 post the wet season

South Africa chamber of mines says half of members in the red

Group represents the country's largest mining companies, including AngloGold Ashanti, Sibanye Gold and Impala Platinum Holdings.

Rio Tinto forges ahead with Simandou, the world's largest mining project

The massive Simandou project, in Guinea, is considered the world's biggest untapped iron ore deposit.

Lucapa to invest $7 million upgrading Lulo diamond mine in Angola

The mine hosts type-2a diamonds which account for less than 1% of global supply.

South African mining production plummets 18%

Not a good time to be a miner in South Africa.

Report highlights progress against child labour in mining in Congo

International development nonprofit Pact released Friday a report detailing the progress of efforts to address child labour in mining in the Democratic Republic of Congo.

South Africa allows biggest ever class action against gold giants to go ahead

High Court decision opens the way for up to 500,000 current and former miners to pursue a multi-million-dollar lawsuit against mining companies over respiratory diseases contracted at work.

Miners going broke – worst still to come

New report says mining and metals companies set to default on debt at more than three times the historical rate going back to 1983.

Global gold output to remain weak despite price recovery

BMI Research analysts also believe gold prices bottomed in 2015 and expect the metal to edge higher over the coming quarters.

Freeport sells prized African copper mine

Tenke Fungurume in the DRC goes for $2.65 billion to China Molybdenum – Freeport also offloading Africa exploration project and cobalt refinery in Europe.

Worst week for iron ore price since October 2011

Rout continues ahead of crucial Chinese import data.