Africa Mining News

Palladium price surges to 22-month high

Years of underinvestment in top producer South Africa affecting supply.

Sibanye $2.2bn acquisition of Stillwater passes antitrust conditions

Takeover would make of Sibanye Gold the world's third largest palladium producer and fourth biggest platinum group metals miner.

Rio Tinto, Chinalco put an end to copper joint venture

The amicable divorce ends a six-year-old exploration joint venture originally set to find copper deposits in China.

DRC drops opposition to Lundin copper deal

State-owned Gecamines clears final hurdle for Freeport and Lundin's blockbuster sale of one of Africa's largest copper mines.

First shipment of iron ore from Vale’s new S11D mine en route to Asia

The company has loaded 26,500 tonnes of iron ore onto three ships at the company's port of Ponta de Madeira.

These are the African countries investors should pay attention to

New report says the underlying question for investors lies on the risk/reward balance — whether outstanding geology beats corruption and security issues.

Rare earth miner to list Burundi project on London Stock Exchange

Rainbow Rare Earths wants to raise £5.7m to dust off and restart the Gakara mine in the landlocked east African country,

Strike ends at Harmony Gold’s Kusasalethu mine

Company to launch probe into the causes of the illegal sit-in of nearly 48 hours.

DRC says Ok for Glencore to take full control of Mutanda copper mine

Mines Minister Martin Kabwelulu said he “didn’t believe” the government needed to authorize changes in ownership in that or any project.

Private capital rotating into mining and metals

Private capital funds raised $2.1 billion for mining and metals investment in 2016 – this year 13 funds are targeting $10 billion says new study.

Egypt opens gold assets to foreign companies, first time since 2009

First international tender for gold mining concessions in eight years to be held on Sunday.

World Bank on a Trump economy and commodities

World Bank's 2017 outlook says US impact on commodity markets diminished, but it's still number 1 for oil and number 2 in copper, aluminum and lead.

Poor uranium market conditions push Paladin Energy into restructuring

Proposed refinancing comes after Paladin failed to sell a 24% stake in its Langer Heinrich mine to China National Nuclear Corporation (CNNC), which was expected to fetch $175 million.

Golden Star achieves commercial production at Wassa Underground Gold Mine

Golden Star Resources Ltd. (NYSE MKT: GSS; TSX: GSC; GSE: GSR) is pleased to announce that commercial production has been achieved at its Wassa Underground Gold Mine in Ghana, effective January 1, 2017.

Glencore may take full control of Mutanda copper mine

The Swiss firm already has a 69% stake in the DRC mine, which jointly owns with Israeli mining tycoon Dan Gertler.

BSGR boss house arrest ends with no charges over Guinea bribery claims

The Israeli billionaire, under house arrest since Dec. 19, has been at the centre of an international investigation into alleged bribery to win mining rights in Guinea.

Final phase of Minas Rio mine expansion a priority for Anglo — report

The company plans to invest a $308 million (R$1 billion) this year to allow the iron ore mine reach a 26.5 million tonnes a year capacity.

Copper to be best performing commodity of 2017 — analysts

Experts and industry actors interviewed by MINING.com see prices picking up this year, driven by declining supplies and the prospect of increased demand coming from construction, electric vehicles and other renewable technologies.

SLIDESHOW: Mining on the mend – 2016 year in review

The global mining industry rebounded from multi-year lows in 2016 – MINING.com's most popular posts of the year tell the story.

Former Chinalco boss sent to prison for 16 years 

A Chinese court has sent a strong message to corporate executives who have been seeing playing fast and loose within the rules of boon-times capitalism in China.

CHART: Trump devastates top gold mining stocks

Despite a mini-rally on Friday, the world's top 12 gold producers have lost a combined $19 billion in value since November 8.

Big tech companies pledge to keep kids out of cobalt mines

Two separate business groups focused on electronics supply chains have launched initiatives to try to stop children from mining cobalt in the DRC.

Eight dead, 35 injured in Congo mining hub amid anti-Govt protests

Congolese security forces accused of shooting civilians in the southern city of Lubumbashi.

Ghana renews Goldplat’s licence, shares jump

The renewal enables a small inventory of by-products that require further processing outside of Ghana to be shipped, which will positively impact Goldplat's earnings, analysts say.

BSGR boss Beny Steinmetz arrested in Israel over Guinea bribery case

The billionaire and other Israeli businessmen are suspected of paying tens of millions of dollars to senior state officials to secure a licence for Simandou, local police said.