Africa

Iron ore price output caps called 'hare brained'

Frik Els | March 26, 2015
Iron ore price output caps called 'hare brained'

Rio's Sam Walsh says any scheme to artificially prop up prices hovering at six-year lows is "physically not going to work."

PHOTOS: Black market gold

Frik Els | March 26, 2015
PHOTOS: Black market gold

Email offer with pics of "perennial supply" of "superior quality" bars and dust. Seems legit…

Congo’s planned mining code changes 'too risky': miners

Cecilia Jamasmie | March 26, 2015
Congo’s planned mining code changes 'too risky': miners

The country's Chamber of Mines says the new code would send the mining industry back by at least 10 years.

Frik Els

Mining private equity: It's Davis or bust?

Frik Els | March 25, 2015
Mining private equity: It's Davis or bust?

Until Mick Davis pulls the trigger on X2's $5.6 billion, wishful thinking and unhealthy skepticism will pervade talk around private equity and mining.

Putting Uganda on the global mining map

Diana Taremwa Karakire | March 24, 2015
Watchdog censors mining firms in Uganda for ignoring locals’ rights

Following a $75m national mineral survey, Uganda has proposed a wide range of tax breaks ahead of a planned mining and exploration licensing round.

Mining for copper just got a lot cheaper

Cecilia Jamasmie | March 24, 2015
Mining for copper just got a lot cheaper

A new study shows the costs of mining for the red metal have steadily declined over the past three years.

Zijin Mining buys 10% of Canada's Ivanhoe Mines

Cecilia Jamasmie | March 23, 2015
Zijin Mining buys 10% of Canada's Ivanhoe Mines

Zijn's main interest in Ivanhoe seems to be the Kamoa copper project.

Gold price history in major world currencies vs stock performances

Gold-Eagle.com | March 23, 2015

The following charts clearly demonstrate gold’s fantastic price appreciation during the past 14 years.

South Africa woes cast doubt on BHP spin-off success

Cecilia Jamasmie | March 23, 2015
South Africa woes cast doubt on BHP spin-off South32 success

There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.

Canadian mine targeted in Eritrea: African media reports

MINING.com Editor | March 22, 2015
eritrea_sunridge

Media reports from East Africa on Saturday claimed that a gold mine partly owned by Canadian company Nevsun Resources (NYSE:NSU, TSX:NSU) was hit by Ethiopian fighter jets.

No end in sight for mining sector gloomy state: report

Cecilia Jamasmie | March 18, 2015
No end in sight for mining sector gloomy state: report

The first two months of 2015 failed miserably to dispel gloomy market conditions affecting the global mining industry, according to a study published Wednesday.

South Africa sets aside billions to revitalize mining towns

AllAfrica.com | March 18, 2015

The Gauteng government will spend R240-million to develop economically depressed former mining towns in the province.

Miners woo communities with soccer fields, bull rings and guinea pigs to unlock US$25 billion in stalled projects

Bloomberg | March 18, 2015
happy-miner

From South America to Africa, mining companies are throwing all that and more at communities to quiet growing opposition to controversial projects.

How top gold producers margins are being squeezed

Vladimir Basov | March 17, 2015
How top gold producers margins are being squeezed

In 2014, nine out of top 10 gold producers achieved significant reductions in all-in sustaining production costs, but average cash margin fell victim to bearish gold price.

April Simandou auction amid new low in iron ore price

Frik Els | March 17, 2015
April Simandou auction amid new low in iron ore price

Iron ore fell to a new 7-year low on Tuesday, but Guinea is pressing ahead with the auction of north Simandou, the richest undeveloped deposit in the world.

Zimbabwe’s top diamond mining firms agree to merge

Cecilia Jamasmie | March 17, 2015
Zimbabwe’s top diamond mining firms agree to merge

Zimbabwe’s diamond industry will soon be controlled by one firm as the country’s major diamond mining companies have agreed to merge.

BHP's South32 spinoff to cost $738m

Frik Els | March 16, 2015
BHP spinoff could be worth $12 billion

Board proposes to give shareholders one share in the $12bn spin-off company for every BHP share owned, but the whole process comes with hefty fees.

This ‘perfect’ diamond could fetch up to $25 million in NYC next month

Cecilia Jamasmie | March 16, 2015
This ‘perfect’ diamond could fetch up to $25 million in NYC next month

The gem, discovered a decade ago at one of De Beers mines in South Africa, is one of just five diamonds over 100 carats and of comparable quality to have been offered at an auction.

Semafo bounces on full-year results

Frik Els | March 13, 2015
Semafo bounces on full-year results

Fresh from $137m Burkina Faso acquisition, Montreal-based gold miner adds to investor cheer with strong operational performance in West Africa.

The stunning collapse of gold production in South Africa

Michael Allan McCrae | March 12, 2015
declining gold production south africa

A much reduced role on the global gold mining stage.

Blood gold flows illegally from Central African Republic

Bloomberg | March 12, 2015
Dubai refiner responds to conflict gold charges

Freddy Bonjour, covered in yellow dust from head to toe, stands exhausted after a day using his bare hands and a shovel to dig for gold in eastern Central African Republic.

Dire Chinese steel outlook drops iron ore price to 7-year low

Frik Els | March 11, 2015
Dire Chinese steel outlook drops iron ore price to new low

Down 1.4% Wednesday to lowest since 2007 on Chinese forecast of peak steel production and contraction.

Oilprice.com

Everyone is guessing when it comes to oil prices

Oilprice.com | March 11, 2015
Oil sands emissions might be higher than reported

Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year.

When junior markets turn most negative in 35 years, guess where financier Carlo Civelli puts his money?

The Mining Report | March 10, 2015

In this interview with The Mining Report, he shares his secret for finding companies that can create value despite challenging market conditions, and he reveals where he is putting his money today.

Copper market vulnerable to DRC politics: CIBC

CEO.CA | March 10, 2015
DRC copper uncertainty

The Democratic Republic of Congo, a big, lush, mineral-rich country in the heart of Sub Saharan Africa, currently produces roughly 6% of the world’s copper.

Hitting the high notes of African Resource M&A: Nana Sangmuah

The Gold Report | March 9, 2015
Africa’s conflicts threaten potential boost coming from gas, oil and minerals findings —report

In this interview with The Gold Report, Sangmuah tells investors how to avoid the party crashers and seek names that can hit the high notes with long-life production assets that can generate significant cash flow to retire debt, grow the business and return some profits to shareholders.

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