Africa Mining News

Record $93B private capital flows into natural resources

But only sliver of funds raised destined for mining and metals

Glencore tightens grip on Congo mining unit as scrutiny sharpens

Glencore tightened its grip by appointing new executives and entering a management services contract to run its troubled Congo copper and cobalt unit.

Mali's gold production up 23% in 2018

Mali's industrial production of gold rose 23 percent last year to 60.8 tonnes, Mines Ministry spokesman Boubacar Sissoko said on Friday.

Burkina gold miners shaken by Islamic terror

This week, the country’s parliament voted to extend a state of emergency that has been in place since Dec. 31, by six months – following a string of terrorist incidents in several northern provinces, included the recent murder of Canadian geologist, Kirk Woodman.

China Moly ups stake in giant Tenke copper mine to 80%

Company has agreed to buy BHR Newwood DRC Holdings Ltd, a holding company set up by private equity firm BHR to buy a 24% stake in the Congo mine in 2017.

China’s slowdown is miners' single biggest fear this year — report

Based on answers from 51 senior executives, lawyers White & Case say that trade tensions are the second largest challenge for the mining industry in 2019 and reveal what the underlying full-picture looks like.

TLT-Turbo African consolidation creates a market first turn key solution

TLT-Turbo has concluded the consolidation of several South African based operations.

Trevali announces executive overhaul

By Thusday afternoon, Trevali's stock had dropped 10%.

Canadian geologist Kirk Woodman murdered in Burkina Faso

Woodman was an accomplished and respected geologist with a career spanning over 30 years.

Palladium reaches another record as JPMorgan sees more upside

Investors appear to be ignoring the fact that weak sales figures have been reported for all major auto markets in recent days.

Avesoro Resources shares jump after exceeding 2018 gold production target

Avesoro’s annual production jumped by 15% to 220,458 ounces of gold compared with 2017, with its New Liberty mine in Liberia alone churning out 109,107 ounces.

IAMGOLD expects lower production, higher costs in 2019

IAMGOLD expects to produce fewer gold ounces while incurring higher all in sustaining costs and total cash costs in 2019 compared to 2018.

B2Gold hits record gold output in 2018 thanks to new Mali mine

For 2019, the Canadian miner forecasts gold production of between 935,000 and 975,000 ounces at all-in sustaining costs estimated at between $835 and $875 per ounce.

Ford to lead blockchain pilot that traces cobalt mined in Congo

The carmaker will use a blockchain-based platform to trace supplies of cobalt from a Chinese-owned mine in the Congo for the batteries in its electric cars, in an effort to ensure they are not linked to human rights abuses.

South African gold output has longest losing streak since 2012

Gold output in South Africa, once the world’s biggest producer of the metal, fell for a 14th straight month in November.

Vedanta tells top English court pollution case should be heard in Zambia

The two-day hearing will be watched by other multinational companies with a base in London and facing legal challenges about their operations abroad.

Project Halo rejects favouritism claims in Optimum coal mine buy

The South African consortium distanced itself from allegations that it is linked to the Gupta family, the previous owner of Optimum coal and other two assets.

Emmerson moves forward with Africa’s hottest new potash project

Company has completed a scoping study at its Khemisset project in northern Morocco, which shows it has the potential to be among the world’s lowest capital cost potash mines.

Finn-Russian digital solutions to revive SA mining industry

Approximately 77% of all mining accidents resulting in a fatality have occurred to involve human factor in operating with equipment. Digital solutions implemented could allow to reduce human involvement in a dangerous mining process.

Angolan diamond production in historic competitive bid sale

Leading global diamantaires invited to purchase exceptional Angolan diamonds as part of new marketing policy

Regional states back Congo opposition leader's vote dispute

"It’s obviously really important for Tshisekedi to have SADC’s approval and endorsement for his presidency”

S.Africa's AMCU union to expand Sibanye-Stillwater strike to platinum operations

Since the union downed tools at Sibanye's gold operations in mid-November, four employees have been killed during strike-related violence.

Angola to host first competitive diamond bid sale

Seven exceptional Lulo diamonds, including a 46-carat pink and six top-colour Type IIa white gems, will be showcased.

Zimbabwe Consolidated Diamond Company expects to produce 4.1 million carats in 2019

The state-owned diamond miner wants to produce 10 million carats by 2025.

Newmont grabs Goldcorp in $10B deal that creates world's top gold miner

Massive deal creates company that challenges rival Barrick as the world’s largest gold producer.