Africa Mining News

About 1,500 jobs to go at Gold Fields’ South Deep as part of restructuring

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.

Kudu gas project might not be viable for Namibia – Energy Minister

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.

Mozambique's ruby mining goes from ‘Wild West’ to big business

Country now accounts for as much as 80 percent of global ruby output.

Auto industry’s use of lithium-ion batteries to grow seven-fold by 2025

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.

Egyptian copper's origin revealed

Two new studies reveal where ancient Egyptians got the red metal from.

Barrick ‘was almost dead’: Thornton pulls no punches on gold miner’s missteps

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.”

Global bauxite production to grow: Fitch

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's suspends operations at Zambian unit after worker killed in accident

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.

Contractor dies in accident at Trevali's Perkoa Mine

Upon knowledge of the accident all underground operations were suspended and authorities were notified.

Randgold not yet paying new higher Congo tax and royalties – executives

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 recovers coloured diamonds

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%).

Sole supplier puts cobalt (and EV) market at risk: IEA

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.

Record-breaking stones boost Gem Diamonds sales

The 10 rough, larger-than-100-carats diamonds produced at Letšeng led the hike.

Death, diamonds and Russia’s Africa Project: Leonid Bershidsky

The killing of three reporters in the Central African Republic pulls a private, pro-Kremlin military company out of the shadows.

Stellar rhodium price rally could be coming to an end

Price for scarce precious metal rhodium is up 270% in two years.

South Africa's Sibanye-Stillwater forecasts first-half profit

Sibanye-Stillwater is due to report half-year results on August 23.

South African gold producers make new wage offer to unions

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's core earnings beat expectations, shares rise

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.

Implats to Cut 13,000 Jobs and Reduce Shafts to Stem Losses 

13,000 jobs to be slashed as the local platinum industry grapples with rising costs and weak prices for the precious metal.

Half of the Asanko gold mine in Ghana now belongs to Gold Fields

The mine is one of Ghana’s newest gold operations and it is located in the country’s Ashanti Region.

Canada's Kinross Gold puts Mauritania mine expansion on hold

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.

Congo leader mulls possible successors in private meetings

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.

Replenishing economic diamond resources, a daunting task for miners

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.

Randgold Resources' Mali mine granted four-year, 50% tax concession

Mali's government has granted Randgold Resources a 50% corporate tax reduction for the next 4 years at its Gounkoto mine.

Killed Russian journalists said to have been working on story involving mining in CAR

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.