Africa Mining News

Gemfields Unveils: Ruby Inspired Stories

Gemfields is proud to unveil ‘Ruby Inspired Stories’, a triptych of films featuring up-and-coming global female talent, each exploring the hidden meaning behind these captivating gemstones.

Brexit: Gold, metals, markets react as Britain chooses to leave the EU

Gold climbs the most in eight years, while copper and oil fall.

China's nuclear war on coal

Beijing's already cut coal miners working hours by 16% and plans to eliminate 500 million tonnes of coal capacity within just 3–5 years.

Sibanye, OceanaGold join the World Gold Council

Sibanye is the largest individual producer of gold in South Africa and one of the 10 largest globally. OceanaGold is a rapidly growing multinational gold producer with assets located in the Philippines, New Zealand and the United States.

South African gold miners to appeal ruling in silicosis case

If the class action goes ahead, it will affect almost every gold mine in South Africa, including their parent companies, covering their conduct over the last 50 years.

The world's 50 most valuable mining companies

Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.

2017 Investing in African Mining Indaba introduces significant price reduction for mining corporates

Registration fees are as much as 50% lower than last year for mining corporates

Petra finds another massive diamond at its Cullinan mine

The 121.26-carat white rock is a Type II diamond "of exceptional colour and clarity," according to Petra.

Bristow fundraising bike ride for Africa's poor passes $2.4 million mark

Randgold Resources chief executive Mark Bristow’s fundraising motorbike safari from the east to west across mid-Africa has so far raised more than $2 million, with a little under half way to go to the end.

Kinross Gold suspends work at Tasiast mine in Mauritania, shares dive

Decision follows the West African country order to expatriates whose work permits were invalid to stop working.

Nevsun shares tank after Reservoir accepts takeover

Vancouver-based Nevsun sweetened the deal for Reservoir shareholders with a $75 million cash payment just before the vote.

China's exhausting its gold reserves at 5 times the global rate

New report shows China extracted nearly one fifth of its gold reserves last year – the global gold production to reserve ratio is only 3.8%.

Global upstream investment slashed by US$1 trillion since the oil price drop

Wood Mackenzie expects to see further cuts throughout the year and investment levels continue to shrink as more projects are dropped and companies struggle to breakeven.

These are the world's 40 biggest mining companies

A lithium miner joins top ranks of listed mining firms for the first time as the price of the battery ingredient skyrockets.

President Ali Bongo inaugurates the Moanda School of Mining and Metallurgy (E3M)

This Institute will help boost the performance of the Moanda Metallurgical Complex

World’s largest diamond found in 100 years could fetch over $70M

The three-billion-year-old diamond the size of a tennis ball was found by Canada's Lucara Diamond last year.

Egypt ancient gold mines offer clues on country’s untapped vast mineral deposits

The country is said to be sitting on mineral deposits worth hundreds of billions of dollars which, once developed, could surpass oil as its main source of income.

Kinross Tasiast strike ends – no production hit

No impact on output guidance or expansion plans at West African mine as Toronto-based miner gears up for record annual production in 2016.

Glencore: Massive investment in coal mines needed

Up to 1 billion tonne annual supply gap in seaborne coal by 2030 if no new mines are built according to climate change report by Swiss mining, trading giant.

The Government of Guinea authorizes formation of the Diamond and Gold Bourse of Guinea (DGBG) in joint venture with Canadians

Mr. Saramady Touré, the Guinean Ambassador to Canada, has announced the signing of a government decree by President Professor Alpha Conde, President of the Republic of Guinea for the establishment of the Diamond and Gold Bourse of Guinea Group (DGBG).

Massive Cullinan Dream blue diamond fetches over $25m at auction

Price tag makes it the most expensive fancy intense blue diamond ever sold at auction.

Australia recovers lost ground, named world’s top mining investment destination

Canada slipped in the Fraser Institute’s global ranking, while Chile remains the most attractive jurisdiction in Latin America.

Study of private investors shows how risky mining can be

For private capital mining and metals is the riskiest natural resources sector – but only energy beats the returns.

Gold firms gear up for growth as cost of mining the metal falls

Early signs of activity include Kinross Gold's March decision to expand its Mauritanian gold mine and Goldcorp acquisition of junior Kaminak for $520 million in May.

Pharaohs' shadow an omen in Egypt gold search

Egypt's gold mining industry has for years been long on potential and short on investment.