A kidnapping incident at one of Banro's gold mines in the Democratic Republic of the Congo (DRC) has been resolved.
Africa Mining News
Outbreaks of gold-rush fever are popping up as bullion markets stage a tentative recovery.
Barrick's comments come on the heels of a report published this week, which claims its Tanzanian subsidiary has been under-reporting the amount of metal in its shipments to evade taxes.
Ore with 62% content in Qingdao lost $2.33 a tonne to close at $57.91, data from the Metal Bulletin shows, hitting a seven-month low and marking the commodity third consecutive weekly fall.
There are signs of resurgence in the mining industry, driven in large part by the boom in storage technology.
PJSC ALROSA, the world leader in diamond mining, will participate in the development of a new diamond deposit in Angola.
Shares in gold producer Acacia Mining, one of the firms accused of eluding taxes, fell by more than 18% to 18% to 355.70 pence on the news.
Ivanhoe Mines and Zijin each hold now an indirect 39.6% interest in the Kamoa-Kakula project, thought to be Africa's most significant deposit of the red metal ever found.
The workers’ contracts were terminated following a 2016 official order to halt all mining in Chiadzwa.
The company, which could lose the arbitration as a result, will have to pay the amount to former partner Vale.
Move comes 15 months after the country’s government halted the planned revision amid opposition from mining companies and low commodity prices.
The deal, worth about $400 million, will make Trevali the first pure zinc producer with operations in North and South America as well as Africa.
The project is a 66.41 km2 concession in the prolific Kenieba Inlier, the northwestern-most exposure of Birimian rocks in West Africa.
Companies are pressing the government to better regulate public consultations and votes on mining projects, as they see legal uncertainty as the industry's main current challenge.
Only last year CAR was allowed to resume diamond exports after a three-year ban that tried preventing armed groups from financing a bloody inter-religious conflict.
The Just Gold project is the first to successfully trace conflict-free and legal artisanal gold from mine site to export applying regional and international standards.
Increasing demand for efficient building systems, electric vehicles and renewables generation could add more than 4 million tonnes of annual copper use by 2030, a study shows.
FLSmidth has won a five-year contract from OCP S.A. (formerly known as Office Chérifien des Phosphates) to operate port equipment for handling phosphate, fertilizers, and sulphur.
Move comes barely seven months after Rio Tinto agreed to sell it its stake in Simandou for up to $1.3 billion.
The 373.7-carat diamond, sold during the Vancouver-based miner’s $54.8 million recent tender, was one of 15 large and high value diamonds offered by the company.
BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and evidence of Chinese demand cooling earlier than expected.
Here are the top 10 diamond mines in terms of output in carats and value.
Today’s infographic comes from Eurocontrol Technics Group, and it highlights the global problem of fuel theft.
It’s been a bad week for iron ore, with all indices steeply lower on Friday for a second consecutive day.
A higher South African rand versus the U.S. dollar was to blame for lowering Sibanye Gold's (NYSE:SBGL) net operating profit in the first quarter.