Africa Mining News

S.African lobby group opposes parts of new draft mining charter

The Minerals Council South Africa said it does not support some elements in the latest draft of an industry charter.

Almost half of deadly mine accidents in South Africa happened at Sibanye-Stillwater sites: Minister

Gwede Mantashe said that 20 out of 45 mining deaths reported since the start of 2018 have taken place at Sibanye-Stillwater’s mining sites.

Trump trade war blows up big week for mining majors

A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.

Gecamines says Glencore deal to yield billions for Congo state

Glencore reached a deal with Gecamines on Tuesday to end a legal dispute over Kamoto Copper Co.

South Africa's new mining charter to credit past black deals

The charter produced in 2017, drafted by previous Minerals Minister Mosebenzi Zwane, threatened as many as 100,000 jobs.

S.Africa's draft law proposes 30 pct black ownership for mining firms within 5 years

Agreeing a new version of the charter is seen as instrumental to securing further investment in the mining sector.

Glencore's great game is avoiding US sanctions: Chris Bryant

Glencore says its subsidiaries will pay Gertler what he’s owed, only the funds will be transferred in euros and U.S. citizens won’t be involved.

Glencore settles legal row with former partner over Congo royalties

The Swiss firm will make mining royalty payments to Dan Gertler in euros so that it doesn’t fall foul of US sanctions, which were placed on the Israeli billionaire last year.

Congo miner Gecamines plans to renegotiate with foreign partners

Heavily in debt and with dwindling output, Gecamines has long complained about its joint venture terms.

Congo plans to start $13.9 bn hydropower project this year

The plant would form part of a larger Grand Inga hydropower complex spanning the Congo River.

Nevsun extends life of its Bisha mine in Eritrea until the end of 2022

Decision gives 18 months more than planned to the operation, which would result in additional production of 470 million pounds of zinc and 52 million pounds of copper during that period.

Petra Diamonds secures $170 million to help lower debt

Shareholders approved the discounted rights issue at a special meeting in London held Wednesday.

Tharisa expands Zimbabwe exposure with $4.5 million platinum deal

It gives the company access to 23,903 hectares of land in the country Great Dyke, which has a potential for 96 million ounces of platinum and palladium.

Congo's miners face harsh new reality as mining law finalized

After six months of lobbying, companies including Glencore and Randgold Resources have got nowhere in their battle to push back against a new mining law that voids existing agreements and increases their costs.

Vedanta to double output at Zambia's Konkola Copper Mines – regional CEO

Vedanta's Deshnee Naidoo told Reuters, adding that KCM is on track to produce 400,000 tonnes of copper a year in the next few years.

Death toll rises to four at South Africa's Sibanye mine

Search for the fifth miner continues.

SSHRC announces Partnership Development Grant for Carleton research into gender equity

Ensuring that women benefit equally to men from the mining of high value minerals, like gold, is a problem in African countries that are harnessing mineral resources to improve development.

Kinross going ahead with expansion of Alaska gold mine

Project is expected to extend Fort Knox mine life to 2030 and generate 17% internal rate of return (IRR) at a low capital cost.

Development decision nearing on Randgold's Massawa project

Massawa was discovered by Randgold in 2007 and is one of the larger undeveloped gold deposits in West Africa. 

South Africa union seeks 12,500 rand minimum for gold miners

The labor group calls for an increase in benefits ranging from severance pay to transport costs and longer maternity leave.

China's CITIC grabs stake in Ivanhoe Mine for $560 million

CITIC Metal will own 20% of the Canadian miner, which makes its biggest shareholder.

Resolute’s Syama gold mine in Mali to be fully automated

The fully automated underground section of the mine is scheduled for commissioning in late 2018.

Congo mining code regulations signed into law – aides

Code sets Congo on collision course with mining firms.

Glencore faces third Congo legal challenge this year

Congolese-American businessman and convicted fraudster Charles Brown claims he's owed $1 billion in compensation for a 19% stake he previously held in Mutanda Mining, and which Glencore allegedly sold in two fraudulent transactions, in 2007 and 2012.

Thomson Reuters publishes GFMS Platinum Group Metals Survey 2018

Are the dark days for platinum set to last?