Africa

First Quantum begins production at $2.1bn Sentinel copper mine in Zambia

Cecilia Jamasmie | August 28, 2015
First Quantum begins production at $2.1bn Sentinel copper mine in Zambia

The Vancouver-based miner aims to produce 280,000 to 300,000 tonnes of the red metal a year, but commercial levels won't be reached until state power utility Zesco finish connecting the mine to the power grid.

Power shortages, cost cuts to hit Congo’s copper output

Cecilia Jamasmie | August 28, 2015
Power shortages, cost cuts to hit Congo’s copper output

With the only exception of gold, production numbers for most other commodities mined in the Central African nation are also expected to decline this year.

Vale sells Integra coal mine in Australia to Glencore and Bloomfield

Cecilia Jamasmie | August 26, 2015
Vale sells Integra coal mine in Australia to Glencore and Bloomfield

The sale follows last month’s touted deal with Stanmore Coal, which bought Vale's Isaac Plains coal mine for just a dollar.

Imminent verdict in case that blames Acacia of partner’s mine permit loss

Cecilia Jamasmie | August 26, 2015
Imminent verdict in case that blames Acacia of partner’s mine permit loss

An arbitration tribunal is set to decide in October whether Acacia Mining has to pay a $115 million compensation claim to a former partner in Tanzania.

South Africa's mining industry to sign jobs pact – govt

Reuters | August 25, 2015

The country's mining ministry hopes to clinch a deal with mining companies and trade unions next week aimed at saving jobs.

How companies can avoid human trafficking in their supply chain

Assent Compliance | August 25, 2015

When companies have thousands or tens of thousands of suppliers how do they stay compliant while maintaining their profit margins? Avoid what happened to Costco in five steps.

Canada, Australia, US, Chile and Mexico, the top destinations for mining investors

Cecilia Jamasmie | August 25, 2015
Canada, Australia, US, Chile and Mexico, the top destinations for mining investors

Despite current adverse conditions, advisory firm Behre Dolbear is recommending mining stakeholders to focus on markets that have been able to ride the wave relatively well so far.

Gold Fields offers $10k for new algorithm to classify gold ore

Cecilia Jamasmie | August 25, 2015
Gold Fields offers $10k for new algorithm to classify gold ore

The goal is to develop an image algorithm that can classify material in a gold mine as high, medium or low grade ore, or waste.

Anglo American sells copper mines in Chile to UK investment firm

Cecilia Jamasmie | August 24, 2015
Anglo American sells copper mines in Chile to UK investment firm

The price for the two assets could rise to $500m from $200m, depending on an eventual recovery of copper prices and the execution of an expansion plan for the Mantoverde mine.

South32 survives mining sector slump, to cut $350m in costs until 2018

Cecilia Jamasmie | August 24, 2015
South32 survives mining sector slump, to cut $350m in costs until 2018

The company said is not keen on Rio Tinto's thermal coal assets, currently up for sale.

Frik Els

Mining private equity is being fundamentally transformed

Frik Els | August 23, 2015
Mining private equity is being fundamentally transformed

Appian Capital founder Michael Scherb: "You're now seeing the same changes in mining that happened in oil and gas which is now heavily supported by PE"

Decision in Rio Tinto’s case against Vale over Simandou imminent— report

Cecilia Jamasmie | August 19, 2015
Decision in Rio Tinto’s case against Vale over Simandou imminent— report

New York court must decide by September whether or not it accepts Vale and BSGR request to dismiss the lawsuit that claims they conspired to steal Rio's rights over the asset.

Glencore stock getting hammered as China slowdown, commodities rout hit profit

Cecilia Jamasmie | August 19, 2015
Glencore stock getting hammered as China slowdown hits profit

The world's leading commodity trader stock slumped to a record low Wednesday after it revealed it swung to a steep first-half loss of $676 million.

Lucara’s on a roll: three new diamonds recovered at Botswana mine

Cecilia Jamasmie | August 18, 2015
Lucara’s on a roll: three new unique diamonds recovered at Botswana mine

Since the recovery of the first large diamond from Karowe in 2013, the firm has found 216 gems at the site.

Copper down to fresh six-year low after China market falls

Cecilia Jamasmie | August 18, 2015
Copper down to fresh six-year low after China market falls

The red metal dropped to $5,012 on trading on the London Metal Exchange, approaching the level of $5,000 it last hit in late 2008.

Glencore plans to shut Eland platinum mine in South Africa, union says

Cecilia Jamasmie | August 18, 2015
Glencore plans to shut Eland platinum mine in South Africa, union says

The company had said in June it lacked the inside edge to make owning the precious metal worthwhile.

Endeavour Mining up on positive drilling results at African gold asset

Cecilia Jamasmie | August 17, 2015
Endeavour Mining up on positive drilling results at African gold asset

Results confirm high grade mineralization zones at the firm's Agbaou gold mine, in Côte d’Ivoire.

South Africa’s platinum miners start over

Wall Street Journal Online | August 13, 2015

Companies turn to shallow, highly mechanized new mines to keep costs low.

Glencore hit by $790 million writedown, cuts spending

Cecilia Jamasmie | August 13, 2015
Glencore hit by $790 million writedown, cuts spending

The company's action on spending follows sharp falls across commodity prices this year.

Global gold demand hits six-year-low as China, India buy less

Cecilia Jamasmie | August 13, 2015
Global gold demand hits six-year-low as China, India buy less

Total bullion demand dropped 12% in the second quarter of the year, due in part to directionless prices, the WGC says.

Zimbabwe platinum export tax shelved for now

Cecilia Jamasmie | August 10, 2015
Zimbabwe platinum export tax shelved for now

The country had introduced the levy on raw platinum exports in January, aiming to encourage local processing of the metal.

South Africa’s Zuma asks mining companies to limit job cuts

Bloomberg | August 9, 2015

South Africa President Jacob Zuma asked mining and steel companies to limit job cuts as falling commodity prices put profits at risk.

British investment fund to buy Anglo’s mines in Chile

Cecilia Jamasmie | August 9, 2015
British investment fund to buy Anglo’s mines in Chile

According to local newspaper El Mercurio, the unnamed fund is buying Anglo's Mantoverde and Mantos Blancos copper mines.

Aluminium-Intensive XE is most fuel efficient Jaguar ever

Jaguar | August 9, 2015
J2

The innovative new Jaguar XE is the only car in the class to use an aluminium-intensive monocoque, with lightweight aluminium accounting for 75% of the structure.

South Africa’s main gold union snubs final pay offer

Cecilia Jamasmie | August 7, 2015
South Africa’s main gold union snubs final pay offer

Talks are set to resume on Wednesday, Aug. 12.

South Africa lets Glencore resume operations at Optimum coal mine

Cecilia Jamasmie | August 7, 2015
South Africa lets Glencore resume operations at Optimum coal mine

Mining Minister Ngoako Ramatlhodi has decided to conditionally withdrew a licence suspension ordered earlier this week.

More »