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China gets foothold in Africa with Minmetals’ Anvil acquisition
In what is being regarded as the first major African mining play by a Chinese company, China Minmetals succeeded Friday in closing its $1.3 billion bid for copper miner Anvil Mining.
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A new kind of hyperinflation: Zimbabwe hikes mining fees by as much as 8,000%
Frik Els | February 20, 2012
The Zimbabwe Chamber of Mines says the government’s hike of pre-exploration fees for the majority of minerals – by as much as 8,000% – together with increased royalty rates will cripple the industry.
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Zambia NFCA Starts Work On $832 Million Copper Project – Report
Dow Jones Financial Information Services | February 20, 2012Chinese-owned NFCA Mining has stated developing a $832 million copper mine project in Zambia’s Copperbelt province as it steps up efforts to boost copper production at its Zambian operations, Zambia’s state media reported Monday.
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Elemental to Raise $1.7 Billion Next Year to Mine Potash
Bloomberg | February 20, 2012
Elemental Minerals Ltd. (ELM), owner of a potash project in the Republic of Congo, plans to raise about $1.7 billion next year to develop production by 2015, Chief Executive Officer Iain Macpherson said.
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Caledonia gives 51% of Blanket to indigenous Zimbabweans
MINING.com News | February 20, 2012
Caledonia Mining announced on Monday it has signed a deal with the Zimbabwe government to sell 51% of its Blanket mine to indigenous Zimbabweans for $30 million. The purchase price will be paid to Caledonia from future Blanket dividend payments.
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Final decision soon on Gold Fields tailings joint venture with Gold One
MiningReview.com | February 20, 2012Gold Fields Limited has confirmed that it hopes to make a decision within three months on the way forward for its proposed West Rand tailings treatment joint venture with Gold One International.
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S.Africa arrests 350 in clashes at platinum mine
Modern Ghana | February 19, 2012Police arrested at least 350 people after deadly violence during an illegal strike at the world’s largest platinum mine run by South Africa’s Impala Platinum, a senior officer said Sunday.
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Sudan exports 7.2 tonnes of gold in first 6 weeks of year
Mineweb | February 19, 2012
As a means of compensating for lost oil revenues following secession of South Sudan, Sudan has exported some $400 million worth of gold already this year.
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Ex Equinox Minerals CEO back on African mining trail
Steel Guru | February 19, 2012WSJ reported that Mr Craig Williams is back in Africa with a new mining venture 7 months after steering Zambia-focused copper producer Equinox Minerals to USD 7.3 billion Canadian dollar takeover by Barrick Gold as CEO.
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Lawyers investigating Kinross Gold over non-disclosure of Tasiast gold mine low grade ore
Mineweb | February 18, 2012A number of U.S. law firms are investigating Kinross over claimed non-disclosure of low grade ores at its Tasiast gold project in Mauritania to assess whether the gold miner may have misled investors.
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Union says Impala Platinum to rehire all strike-dismissed miners
Mineweb | February 18, 2012
World No. 2 platinum miner, Impala platinum is to re-instate all the workers dismissed in the recent strike at its flagship Rustenburg operations
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Ethiopian Potash Corp.: More positive drill results on Danakil Project, Ethiopia
Marketwire - Mining and Metals | February 17, 2012Ethiopian Potash Corp. reported a compilation of positive drilling results on its Danakil Project, Ethiopia.
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Loncor Resources Reports Further High Grade Intersections at Its Makapela Prospect in DRC
Marketwire - Mining and Metals | February 17, 2012Loncor Resources Inc. (the “Company” or “Loncor”) (TSX VENTURE:LN)(NYSE Amex:LON) is pleased to announce further encouraging drilling results at the Company’s Makapela prospect, Ngayu Gold Project, northeastern Democratic Republic of the Congo (the “DRC”).
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Sundance shares plummet on further takeover delays
Mineweb | February 16, 2012
Sundance Resources said Thursday approvals for its Mbalam project are only likely to come in 2 months, further delaying a $1.4bn bid by Hanlong.
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3 Indian firms get diamond processing licences in Botswana
Business Standard | February 16, 2012The opening of Botswana as a major diamond trading hub has opened a new window of opportunity for Indian processing companies.
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Doosan Intermat range designed for Africa and Middle East
International Mining | February 16, 2012At Intermat 2012, Doosan Infracore Construction Equipment is launching new crawler excavators, wheel loaders and ADTs that is says are specially designed for Middle East and African markets. As an example, the flexible and agile undercarriages on the DA40 and DA30, which are designed to ensure that all six wheels are in permanent contact with the ground, mean that Doosan trucks can operate on very rough and soft terrain in mass excavation hauling as well as in mining and quarrying applications. ADTs are widely used in small to mid-sized African mines due to their versatility.
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Education - Latest News
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Improved Education System in South Africa Needed to Take Advantage of Mineral Opportunities
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Josh Fischman: Does Engineering Education have to Change to Stem the Dropout Rate?
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South Africa develops Qualification for Health and Safety Advisor
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Rio Tinto bets on future of automated mining
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High school grads crush teacher salaries with +$50K/yr mining jobs
