Africa Mining News

Brazil grants operating license to Vale’s massive S11D iron ore mine

Mine is set to start operations by the end of the year, with first shipment set for January 2017.

Sibanye Gold expands platinum assets by buying Stillwater in $2.2bn deal

Together with reducing Sibanye’s dependence on its aging South African assets, the deal will make the company the world's third largest palladium producer, the company said.

INFOGRAPHIC: The world's deepest gold mine

Humans will do almost anything for gold. In fact, they will even suspend themselves 2.5 miles into the Earth – braving extreme temperatures, armed thieves, and constant seismic activity – just to mine a 30-inch gold reef.

Fresh shake-up at Rio Tinto in aftermath of bribery probe

Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.

Anglo American about to make key decision on South African assets sale

While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.

Global rough diamond production about to reach its peak

Global rough diamond production will reach its peak in only three years before entering into a supply deficit by 2020, two separate reports show.

Kumba receives the 2016 ET Carbon Disclosure Leader award

Kumba Iron Ore, a business unit of Anglo American has been named as one of the Carbon Disclosure Leaders for 2016 by Engaged Tracking (ET) Index Research and the only company from the BRICS region on the list in its annual ET Carbon Rankings, released on 5 December.

New Islamic banking rules make gold an accepted investment

Transactions must be fully backed by physical metal and settled on the same day to observe Islam's distinction between real economic activity and speculation.

Gold’s slim price recovery this year boosts supply fears

Situation has worsened as a result of a shortage of new discoveries, cost cutting measures and miners digging out higher-grade material for a short-term gain, say experts.

New $264m Zimbabwe platinum mine to last 34 years 

Completing the $264-million mine will boost the platinum reserves of Zimplats from 3 million to 9 million ounces.

Cameroon involved in Central African 'conflict diamonds' trade — report

Cameroon is allowing conflict diamonds from the Central African Republic to cross over its borders and into the legal supply chain due to poor controls, smuggling and corruption, a new report shows.

Gemfields postpones emerald auction over India's ‘demonetization’

The auction of emeralds from the miner's Kagem operation in Zambia will now be in February.

Norilsk Nickel launches legal action against BCL over non-payment for African asset sale

A legal claims against BCL in the Botswanan courts and in the London Court of International Arbitration to recover the USD 271.3 million

Glencore to resume dividend in 2017 as debt reduction on track

Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.

Phosphate mining firms set sights on Southern Africa’s sea floor

Southern Africa finds itself at the center of the offshore bulk sediment mining debate as international companies rush to strip mine phosphate deposits in coastal waters of South Africa and Namibia.

SEC said to be probing Rio Mozambique coal deal

World number two miner acquired Southern African coal assets for $3.7 billion in 2011 – sold it for $50 million three years later.

CHARTS: Gold miners to hike investment in 2017

Project funding would be main priority, says Moody’s.

Lucapa granted new five-year exploration licence for iconic Angola mine

The miner said the decision applies to the entire 3,000 square kilometer Lulo site, a project that has bored some massive gems, including the largest diamond ever found in Angola.

South32 looking for more coking coal mines

The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.

Ivanhoe Mines announces significant progress in upgrading the Kipushi zinc-copper mine in the DRC

"We are working hard to have the mine ready to restart production": Robert Friedland

Industry supports Machine Tools Africa 2017 as sales exceed 70%

Machine Tools Africa, launched in association with the Machine Tools Merchants’ Association of South Africa (MTMA), is the biggest trade exhibition of its kind in Africa showcasing cutting edge developments across the machine tool and related industries.

Barrick Gold, IAMGOLD, Gold Fields, Avalon, and Antofagasta recognized for their leadership in renewables at Energy and Mines Renewables and Mining Awards

Mining companies were awarded and celebrated last night for their investments in renewable energy at a glittering awards gala and dinner in Toronto.

Congo gets firmer grip on Ivanhoe’s Kamoa-Kakula copper project

Canada’s Ivanhoe Mines and joint-venture partner Zijin Mining have transferred a further 15% interest in their Kamoa-Kakula copper project to the DRC’s government.

About 500 iron ore jobs to go at Rio Tinto

The world's second largest miner said the job cuts at its Australian iron ore business are part of a restructuring of the division.

Gold Fields withdraws $1.4bn offer for Kirkland Lake

The Johannesburg-based company, however, said it remained interested in a negotiated transaction.