Africa Mining News

Stellar Diamonds jumps on Tongo-Tonguma tribute mining agreement

Deal creates one of the largest diamond mines in West Africa.

Norilsk Nickel sues Botswana over thwarted mine stake deal

The Russian miner wants to recover $271 million it lost when a state-backed company failed to complete the acquisition of a 50% stake in its Nkomati mine in South Africa.

Vale’s first quarter profit lower than expected as rains hurt iron ore output

Net income totalled $2.5 billion, compared with profit of $525 million in the prior three months and almost $1.8 billion a year earlier.

Malagasy first as CYBERMINE Training Simulators are commissioned at Ambatovy

In a first for Madagascar, Sherritt International’s Ambatovy operation has commissioned their CYBERMINE heavy equipment, operator training simulators.

Firestone Diamonds almost done with ramp-up at flagship mine in Lesotho

The Africa-focused diamond producer aims to recover 300,000 carats from its Liqhobong mine by the end of the financial year.

Loulo-Gounkoto sets sights on another big year as Morila legacy project takes shape

The Morila operation continues to deliver value in its post-mining phase while progressing plans to develop the site into a commercial agricultural hub after its closure in 2019, Randgold Resources chief executive Mark Bristow said at an on-site media briefing today.

Sibanye Gold investors OK $2.2bn acquisition of Stillwater

Shareholders voted overwhelmingly in favour of the cash takeover, which will make the South African firm the world's No.3 palladium producer and No.4 platinum group metals miner.

Iron ore to slide below $46 a tonne by 2021 — analysts

BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and expectations for a surplus.

Newmont lifts gold production by 9%

World number two gold miner increases output to 1.23m ounces in the first quarter – Ghana expansion will add more ounces from next year.

More iron ore comes to the market as Anglo’s output soars in Q1

Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.

Despite difficulties, Randgold set to expand Tongon past 4 years

Africa-focused gold producer has confirmed "multiple opportunities for extending the life of the operation beyond the current four-year horizon."

Harrogate company helps discover diamonds

A family-run Yorkshire firm has just dispatched its largest order – nearly three miles of hoses to a diamond mine in Angola.

Strike at Escondida hurt Rio Tinto copper output

Production for the first three months of the year slumped 37% compared with the same period of 2016.

Kal Tire acquires Tyre Corporation in South Africa

Kal Tire’s Mining Tire Group, a world leader in mining tire services and a global independent tire dealer, expands its presence in South Africa through the acquisition of the South Africa operations of Tyre Corporation.

Vale’s iron ore output just hit another record

Production of the steelmaking raw material jumped 11% to 86.2 million tonnes in the January-March period, compared to the same quarter a year earlier.

Iron ore price collapse wipes billions off top mining stocks

Another 5% iron ore price drop Tuesday slashes $30 billion from top 5 producers' market value in one month.

Randgold's Kibali mine heads for full production

The Kibali gold mine’s underground operation, which will significantly increase production, is on track to start commissioning in the third quarter of this year, Randgold Resources chief executive Mark Bristow said at a media briefing here today.

BSGR sues George Soros over loss of Guinea iron project

The latest chapter in the Simandou case.

Copper production jumped by a million tonnes last year

But market was in small deficit according to study.

Largest valve, instrumentation inventory in Africa

AR Controls, a leading importer and manufacturer of a comprehensive range of internationally-recognised valves and instrumentation, has the largest product inventory of any similar company in Africa

Iron ore market keeps getting uglier — prices at lowest since November

The commodity is now trading below $70 a tonne and has just suffered its largest one-day percentage decline in over a year.

Trevali Mining making all the right moves

Trevali keeps its eye on being THE "pure play" solution as it moves toward closing the agreement with Glencore International to acquire the Rosh Pinah and Perkoa zinc mines.

Gran Colombia Gold goes after the South American nation in $700 million lawsuit

The lawsuit is against the government's order to Gran Colombia Gold to halt its Marmato project until it has further consulted with local residents.

Iron ore prices keep falling despite a decrease in China’s inventories

After a 85% rise in 2016, iron ore prices are now down 3.2% so far this year, which has placed the commodity in a bear market.

Iron ore miners shares drop as prices collapse

Ore with 62% content in Qingdao fell almost 7% overnight, entering a bear market and erasing all of this year’s gains.