Africa

Zijin Mining, Gold Fields among final bidders for Barrick's Australian gold mine

Cecilia Jamasmie | May 22, 2015
Zijin Mining, Gold Fields among final bidders for Barrick's Australian gold mine

Analysts believe Cowal mine may be worth at least $400 million, and that Barrick would likely get as much as $1.1 billion from the sale of both, the New South Wales' mine and Papua New Guinea’s Porgera.

World Bank, IMF, UNDP and Diplomatic Reps Tour Sicomines Project to Observe Progress of the DRC’s First Infrastructure-For-Minerals Partnership Mines

DRCthumb

Facilities scheduled to start production in the fall of 2015; seen as model for future foreign investment and development projects

Mali's mining earnings drop on lower gold production, prices

Reuters | May 21, 2015

Mali's earnings from its gold-dominated mining sector slipped by around six percent to just under 206 billion CFA francs ($350.60 million) last year due to a drop in output and lower prices for the precious metal.

AfroCan resources gold accelerating development of high-grade small ore bodies in Sub-Saharan Africa and Papua New Guinea

AfroCan Resources Gold Ltd advises that it has embarked upon the acquisition of a Tanzanian property with 112,000 oz inferred resource

EU lawmakers surprise with vote on ‘blood metals’ ban

Cecilia Jamasmie | May 20, 2015
EU lawmakers surprise with vote on ‘blood metals’ ban

The main objective of the legislation is to ensure that profits from those so-called “blood metals” — tungsten, tin, tantalum and gold — do not go to African warlords.

Mitsui mulls expanding into food, drugs sectors to offset profit drop

Cecilia Jamasmie | May 20, 2015
Mitsui mulls expanding into food, drugs sector to offset profit drop

The firm created a new division in April to evaluate deals in those areas, and in the past six months has made mining infrastructure-related investments in the U.S. and Africa.

Iron ore is not in oversupply

Frik Els | May 19, 2015
Iron ore is not in oversupply

Only lower grade fines are oversupplied shows new research report.

Global gold, copper, iron ore output down in Q1 — report

Cecilia Jamasmie | May 19, 2015
Global gold, copper, iron ore output down in Q1 — report

Much of the overall decline in reported gold output was due to a significant quarter-on-quarter production declines from AngloGold Ashanti, Goldcorp, and Sibanye Gold.

Coal of Africa gets the go ahead for its Makhado Project

Tavis Communications | May 19, 2015

The miner was granted a New Order Mining Right (“NOMR”) for its flagship Makhado hard coking and thermal coal project in South Africa's Limpopo Province.

Europe set to adopt voluntary conflict mineral law

Frik Els | May 18, 2015
Europe set to adopt own conflict mineral law

Providing proof of origin of tin, tantalum, tungsten, and gold near conflict zones voluntary under law to be adopted this week.

'Skinny' South32 disappoints on debut

Frik Els | May 18, 2015
'Skinny' South32 disappoints on debut

Market valuation at lower end of expectations on worries over dearth of reserves. BHP stock falls 6%.

Platinum price at 6-week high on deficit predictions

Frik Els | May 18, 2015
Platinum price at 6-week high on deficit predictions

New report highlights falling mine supply outside of Southern Africa and increased jewelry demand from China.

S. Africa chamber of mines refutes Govt. data, says members meet black ownership targets

Cecilia Jamasmie | May 15, 2015
S. Africa chamber of mines refutes Govt. data, says members meet black ownership targets

Saying that just over 20% of miners had met the black economic empowerment criteria is to tun a blind eye to the progress members have made so far, claims the ming group.

At least 28 Nigerian children killed by lead poisoning from illegal gold mining

Cecilia Jamasmie | May 15, 2015
At least 28 Nigerian children killed by led poisoning from illegal gold mining

Doctors found the victims had levels of lead in their blood that were 17 to 22 times higher than what it is internationally accepted.

Copper prices struggle on demand fears

SNL Energy | May 14, 2015
copper feat fin

Demand fears continue to restrict the extent of upside moves, whilst supply disruptions at the mine level have more recently provided a floor to prices following the early-year sell-off.

Global gold demand drops 1% in Q1, but investments jump — report

Cecilia Jamasmie | May 13, 2015
Global gold demand drops 1% in Q1, but investments jump — report

Once again Asia drove demand, with China and India alone accounting for 54% of the total.

SA gold miners face repeat of brutal 2014 platinum strike

Frik Els | May 13, 2015
SA gold miners face repeat of 2014's brutal platinum strike

The union that led 2014's bitter five-month strike in South Africa's platinum belt has brought the same demands – doubling of wages – to the gold sector.

Tantalus Signs Supply Contract with ThyssenKrupp

Tantalus Rare Earths AG | May 13, 2015

Tantalus Rare Earths AG (“Tantalus”) (ISIN DE000A1MMFF4) is delighted to announce the signing of a multi-year supply contract for rare earth oxides with ThyssenKrupp Metallurgical Products GmbH (“ThyssenKrupp”).

Cecilia Jamasmie

Copper, nickel prices likely to be hit by El Niño event

Cecilia Jamasmie | May 13, 2015
Copper, nickel prices likely to be hit by El Niño event

The recurring phenomenon — a warming of the Pacific Ocean as part of a complex cycle linking atmosphere and ocean — has in the past affected mine output, triggering price spikes.

Giving up on iron ore best option for Anglo American — Investec

Cecilia Jamasmie | May 13, 2015
Giving up on iron ore best option for Anglo American — Investec

The bank says Anglo could use the funds it gets for dividends and to invest in its much stronger sectors, copper and diamonds.

Protester shot dead in third day of unrest at S. Africa’s mine

Cecilia Jamasmie | May 13, 2015
Protester shot dead in second day of unrest at S. Africa’s mine

The incident happened when South African police allegedly clashed with protesters near Atlatsa Resources’s Bokoni platinum mine.

Glencore CEO says rivals pushing mining sector into confidence crisis

Cecilia Jamasmie | May 12, 2015
Glencore CEO says rivals pushing mining sector into confidence crisis

Ivan Glasenberg has once again slammed his competitors, who he accuses of damaging the credibility of the mining industry.

This is how BHP plans to be the world’s lowest-cost iron ore miner

Cecilia Jamasmie | May 12, 2015
This is how BHP plans to be the world’s lowest-cost iron ore miner

CEO Andrew Mackenzie announced the firm would cut capital and exploration expenditure to $9 billion in the 2016 financial year from $12.6 billion in 2015.

Chris Mancini's high-quality gold miners that have positioned themselves well in the downturn

The Gold Report | May 11, 2015
gold statuettes

Mancini advises investors to go for the best of the best: gold miners with cash flow, great balance sheets, low costs and good management.

Iron ore price rally gains steam

Frik Els | May 11, 2015
Iron ore price rally gains steam

Chinese import prices surge more than 3% to 10-week high after Beijing's surprise rate cut boosts industry prospects.

World Bank grants Tanzania $45 million to improve mining sector

Cecilia Jamasmie | May 11, 2015
World Bank grants Tanzania $45 million to improve mining sector

Africa's No.4 gold producer is also rich in coal, uranium, diamonds, emeralds, rubies and sapphires.

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