Africa Mining News

Congo's cobalt hopes risk the same ruinous road as Thai rice: Russell

The DRC's attempts to extract more from cobalt will unleash a wave of unintended consequences, none of which will be positive for the government in Kinshasa.

Signs of thaw in South Africa mine fight as Ramaphosa starts

SA mining companies agreed to postpone a legal challenge to the government’s new industry rules after Ramaphosa said he’s committed to finding a solution.

Glencore, Randgold form group to challenge Congo law changes

Glencore and Randgold are clubbing together in a bid to stop sweeping legal reforms, claiming their interests were poorly served by the industry body.

Petra Diamonds' first-half core earnings fall 8%

Petra was hurt mainly by a strike at its South Africa operations and the blocking of a consignment of diamonds in Tanzania.

Amplats announces first dividend in 7 years, plans no big projects this year

Amplats' investment stance highlights the fragile state of platinum mining in South Africa.

Mining M&A jumps to 4-year high – expect more in 2018

New report says "deals in lithium, copper and cobalt are expected to feature high on the agenda of management teams across the industry."

2017 gold deposits boasting the highest-grade drill intersections

8,126 grams per meter!

Acacia Mining admits in talks with Chinese over potential sale of Tanzania assets

Tanzania's top gold producer said in conversations with potential investors over a stake in some or all of its operations in the East African nation.

Vale’s iron ore output hit record high in 2017

Output of the steelmaking material reached 366.5 million tonnes last year, boosted by record high productionat Vale's northern system, which composed of its Carajás, Serra Leste and the massive S11D mine.

INFOGRAPHIC: The true costs of artisanal mining

Artisanal and Small-Scale Mining (ASM) has become a major of revenue for millions of people in about 80 countries worldwide, with more than 100 million people currently depending on the activity for their livelihoods. But at what costs?

Fura Gems to restart Colombia’s iconic Coscuez emerald mine in April

New gemstones mining and marketing company is stepping up efforts to kick off operations at some of its key assets and help organize what it calls "a highly disorganized and fragmented industry."

Botswana Diamonds just raised more than $695K to boost exploration

Proceeds from the placing will fund ongoing diamond exploration in South Africa and Botswana, and will also provide the company with additional working capital, the company said.

Mugabe's fall has veteran miners jockeying for Zimbabwe comeback

Mine development stalled under Mugabe, whose policies led to a collapse in the economy and hyperinflation.

Gemfields reveals and denies fresh human rights abuse claims in Mozambique

As part of Gemfields' philosophy of “total transparency”, the company revealed is facing claims of human rights abuses in Mozambique, where it mines rubies.

Another death at one of Sibanye-Stillwater gold mines

A worker died on Monday night while clearing a blocked ore pass at the company’s Driefontein gold operation in South Africa.

Embattled Acacia Mining ends painful year with $700-million loss

The miner has also scrapped its 2017 dividend after full-year core earnings fell by more than a third because of a ban on unprocessed mineral exports in Tanzania.

Lucapa recovers first diamonds from Lesotho mine

The largest diamond recovered in the first test run was 6.6 carats.

Gold giant Barrick faces grilling after fall to bottom of pack

Even with rising gold prices and a strengthened balance sheet, the world’s largest gold producer left shareholders with the worst returns among its top North American peers last year.

Canada's Thor Explorations may raise up to $35m in a London listing

Thor, which is already listed in Toronto's TSX Venture Exchange, will use the proceeds of the new listing mainly to fund its Segilola Gold Project.

Kumba Iron Ore reverses Sishen mine-linked impairment charge

The unit of Anglo American said reversal, net of tax and non-controlling interest, was 2.6 billion rand and would be included in its basic earnings.

Embattled Avocet completes sale of Burkina Faso assets

The three-times delayed $5 million-deal should help the miner dodge bankruptcy for its units in the West African country.

Endeavour in talks to avert Ivory Coast protests over gold production plans

Company has opened negotiations with local people in Ivory Coast in an effort to head off protests at two gold mines where the company aims to boost production by nearly 4% this year.

De Beers’ Namibia venture puts mine up for sale, at least 130 jobs to go

Namdeb, a 50/50 joint venture between the Namibian government and Anglo American’s diamond unit De Beers, has put its Elizabeth Bay Mine up for sale.

African gold miner Endeavour would rather be agile than huge

Endeavour Mining Corp. one of the fastest-growing gold producers in Africa, says bigger isn’t always better.

Zimbabwe to consider waivers on platinum, diamonds ownership law

Nation to consider applications from platinum, diamonds mining companies exempted from requirement that they be at least 51 pct owned by black citizens.