Africa

Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

Cecilia Jamasmie | October 23, 2014
Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

The move is seen by analysts as an attempt to strengthen the firm’s image.

African Barrick cuts costs, to acquire more gold assets in 2015

Cecilia Jamasmie | October 23, 2014
African Barrick cuts costs, to acquire more gold assets in 2015

Tanzania's largest gold miner reported a 17% jump in third-quarter core profit, and said it anticipates full-year costs at the lower end of it target range of $1,100-$1,175 per ounce sold.

African Minerals founder to buy broke London Mining's Sierra Leone assets

Cecilia Jamasmie | October 22, 2014
African Minerals founder to buy broke London Mining's Sierra Leone assets

Frank Timis has got $20 million to acquire the mine bordering its own iron ore project Tonkolili.

Opportunities but also challenges for Africa’s gold-producing countries

Randgold Resources | October 22, 2014
mark bristow

Randgold Resources chief executive Mark Bristow argues that the looming undersupply of gold will create opportunities for mineral-rich African countries but they will have to compete aggressively for shrinking exploration dollars.

Vancouver junior jumps after bulking up West Africa project

Frik Els | October 21, 2014
True Gold jumps after bulking up Burkina Faso project

Preliminary assessment of one-year old blind gold discovery at True Gold's Karma property adds $118m in after-tax free cash flow to Burkina Faso project.

African Potash stock up on fresh potash finding in Congo

Cecilia Jamasmie | October 21, 2014
African Potash stock up on fresh potash findings in Congo

The miner intersected multiple potash seams at the second exploration drill hole at its Lac Dinga potash project.

Gold Fields Q3 2014 guidance update

Gold Fields Limited | October 20, 2014

Gold Fields remains on track to achieve its production guidance for the full-year 2014, of approximately 2,200,000 ounces of gold equivalent production.

Hundreds strike at Glencore’s coal mine in South Africa

Cecilia Jamasmie | October 20, 2014
Hundreds strike at Glencore’s coal mine in South Africa

Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.

Platinum, palladium price-setting technology ‘optimum’ for gold: LME

Cecilia Jamasmie | October 17, 2014
Platinum, palladium price-setting technology ‘optimum’ for gold: LME

The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.

Copper price below $3 as mines add a million tonnes

Frik Els | October 16, 2014
Copper price below $3 as mines add 1 million tonnes

Copper price sinks to 10-month low after new report says mine capacity representing 6% of current production will come on stream over the next six months.

Frik Els

New projects need $90-$100 iron ore – UBS

Frik Els | October 16, 2014
Iron ore rally turning into dead cat bounce

Big three successfully defending their oligopoly says new report.

Ebola strikes down West African iron ore company

Frik Els | October 16, 2014
London Mining shares ‘worthless’ due to funding fears

Bankrupt London Mining's Marampa mine in Sierra Leone hit by iron ore price falls, slow ramp up and viral outbreak.

Iron ore price crushed again

Frik Els | October 16, 2014
Iron ore price crushed again

Those calling a market bottom after Monday's surge and Chinese import gains may have been premature.

Ebola outbreak – free education resource

Jincom Publishing | October 16, 2014

Free easy-to-understand brochure about Ebola.

BHP bows to pressure, to list spinoff in London

Cecilia Jamasmie | October 16, 2014
BHP bows to pressure, to list spinoff in London

The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.

BlackRock blames Ebola for London Mining mess

Frik Els | October 15, 2014
Guinea on national emergency over Ebola, mining operations threatened

And the rapid fall in the iron ore price, the Sierra Leone miner's dispute with Glencore and the slow rampup. But especially Ebola.

China's inland mills could be in market for 300mt seaborne iron ore

Frik Els | October 15, 2014
China's inland mills could be in market for 300mt seaborne iron ore

New research shows inland Chinese steel mills pay a 35% premium over seaborne benchmark with 210mt of steel capacity potentially looking for alternatives.

Mozambique's mining boom damns the poorest

Human Rights Watch | October 15, 2014

Although investments in extractive industries have contributed to high economic growth rates in the past several years, this growth has not translated into significant reductions in poverty or improvements in health and employment for the general population.

Mines back up and running and commencing with stock clean up

Clear Asset | October 15, 2014
2CA

With mines back in operation and some already up to full production, various companies such as Impala Platinum, Diesel Power and Sibanye Gold will be taking to market a variety of redundant and surplus plant and equipment via an online auction.

Australia, Brazil to control 90% of global iron ore trade by 2020

Cecilia Jamasmie | October 15, 2014
Australia, Brazil to control 90% of global iron ore trade by 2020

Despite iron ore prices touching rock bottom, the top three producers have no plans to slowdown production. Quite the contrary.

South Africa considers declaring certain minerals as strategic

Reuters | October 14, 2014

Under the bill, such minerals "will be sold for production costs excluding transportation. That is the mine-gate price.

South Africa’s gold miners look at mergers to stay afloat

Cecilia Jamasmie | October 14, 2014
South Africa’s gold miners look at mergers to stay afloat amid price debacle

Harmony Gold, Sibanye Gold Ltd., and AngloGold Ashanti named among the top candidates to consider deals.

First Quantum warns Zambia tax hike will cost jobs, investment drop

Cecilia Jamasmie | October 14, 2014
First Quantum warns Zambia tax hike will cost jobs, investment drop

The miner, Zambia's largest foreign investor, operates Kansanshi mine, the eighth largest copper mine in the world, as well as the country's biggest.

Wesizwe has BEE plan if Govt. wants increase

Miningmx: Headline News | October 13, 2014

Wesizwe Platinum said it had an empowerment plan if required by government to lift its BEE holding to beyond the current 13%.

JSW Steel close to acquiring London Mining

Andrew Topf | October 12, 2014
Takeover 333

JSW Steel has almost clinched a deal that would see India's third-largest steel company acquire embattled London Mining (LON:LOND), sources close to the negotiations revealed on Friday.

Illegal gold miners face arrest

Times of Zambia | October 12, 2014

Energy and Water Development Minister Christopher Yaluma says security wings have managed to trace some illegal gold miners and dealers on the black market in the ongoing investigations.

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