The company reports that all of its coal operations in South Africa are affected by a worker strike which began late Sunday, with a number of its alloys facilities impacted. JOHANNESBURG
Africa Mining News
Stellar Diamonds plc, the London listed (AIM: STEL) diamond mining and exploration company focused on West Africa, announces its audited results for the year ended 30 June 2011.
Speaking at an agricultural conference in Johannesburg on Monday, Zimbabwe's PM Morgan Tsvangirai described the country's controversial law requiring foreign mining companies to be majority-owned by local blacks as too stringent. Zimbabwe's local
Weir Minerals Africa is poised to go into full production with its fully locally fabricated Cavex® ceramic dense medium (DM) cyclone, developed to offer coal companies around the world an alternative to currently available systems. The Cavex DM cyclone features a unique laminar spiral inlet geometry that delivers sharper separation, maximum capacity and longer wear life than conventional involute or tangential feed inlet DM cyclone designs.
A significant amount of Rio Tinto's $700 million payment to settle its dispute over the huge Simandou iron ore will be used to help mend the country's dilapidated infrastructure. The government of Guinea will use 35 percent of a $700 million windfall
NTPC Ltd, India’s biggest power producer, has appointed a consultant to evaluate two medium-sized coal mine acquisitions in Mozambique and Indonesia even as it plans to exit International Coal Ventures Pvt. Ltd (ICVL), a consortium of state-run firms formed to buy overseas coal mines.
More labour unrest is brewing at South African mines. Reuters reports that workers poised to strike at 16:00 GMT today at Xstrata's operations across the country. The strike is over an employee share ownership program, Reuters said, quoting a union spokesman. More workers are expected to down tools at the start of the Monday morning shift.
Canaco drills 35.0 metres at 6.45 grams per tonne gold in the Western Lodes and 55.3 metres at 3.19 grams per tonne gold on the Magambazi Main Lode
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 14, 2011) - Canaco Resources Inc. (TSX VENTURE:CAN) ("Canaco" or the "Company") is pleased to announce new assay results from diamond drilling at the Magambazi gold discovery on the Company's Handeni project in Tanzania.
Miningweekly.com reports gold miner Great Basin Gold (GBG) was on track to achieving its planned increased rate of mining at the Burnstone mine for the remainder of this year and for 2012, CEO Ferdi Dippenaar said on Thursday.
The much maligned junior gold mining sector enjoyed a rare respite on Wednesday, but while most juniors moved up, Merrex Gold (MXI-V) was one of the most favored of them all. The company, whose Siribaya gold project in western Mali... [ Full Story ]
Xstrata Coal South Africa, is one of the latest companies to adopt WIS as its strategic weather intelligence partner. Staying true to its people-centric ethos, XCSA, have invested in theWIS early warning weather detection systems at their Mpumalanga an...
Diamond miner Rockwell Diamonds completed the acquisition of the Tirisano mine project, the company announced Tuesday.
TORONTO, ONTARIO--(Marketwire - Oct. 11, 2011) - IAMGOLD Corporation ("IAMGOLD" or the "Company") (TSX:IMG)(NYSE:IAG) today announced the following for the third quarter of 2011:
- gold production of 222,000 ounces from continuing operations and represents:
- an increase of 18.1% from the 188,000 ounces produced in the second quarter of 2011;
- a 13.8% increase from the 195,000 ounces produced in the third quarter of 2010, when Essakane was in the early stages of its production ramp-up; and
- niobium production of 1.2 million kilograms as compared with 1.1 million kilograms produced in the second quarter of 2011 and the third quarter of 2010.
1%) The government today asked coal companies, including major producer Coal India (CIL), to step up supply to power stations facing shortage of the dry fuel to ensure that the power generation remains uninterrupted. The development follows an emergenc...
JOHANNESBURG (miningweekly.com) Palabora Mining on Tuesday reported increased third-quarter copper mine production, but said that its refined output dropped. The company, South Africa’s only major copper producer, increased the ore hoisted by 11% to...
VANCOUVER, Oct. 11, 2011 /PRNewswire/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announces the completion of the Tirisano Mine project acquisition. The effective date of the transaction...
TORONTO, ONTARIO--(Marketwire - Oct. 11, 2011) - Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF) ("Avion" or the 'Company') is pleased to announce the results from 45 drill holes totaling 9,367 metres completed over the Kofi Project during the third quarter of 2011. Drilling was focused in and proximal to the Kofi C zone which contains an historic National Instrument 43-101 ("NI 43-101") estimated indicated mineral resource of 873,000 tonnes grading 3.6 g/t Au totaling 99,000 ounces of gold and an inferred mineral resource of 913,000 tonnes at 3.7 g/t Au totaling 109,000 ounces gold (Roberts1, 2008, NI 43-101 compliant resource report, available under the SEDAR profile of AXMIN Inc.). Note that a qualified person has not carried out the work required to classify the historical estimate as current mineral resources for Avion and therefore Avion is not treating the historical estimate as current mineral resources. Avion intends to update the resources for the Kofi project in late Q4, 2011.
The Israeli diamond industry said Liberian President Ellen Johnson Sirleaf President is especially worthy to receive the Nobel Peace Prize.
The end that black-controlled JSE-listed Exxaro Resources will put to local zinc refining by December 31 is “clearly unfortunate”, says International Zinc Association of Southern Africa regional director Rob White.
South Korean utility Korea Midland Power (Komipo) has bought three Capesizes of NAR 5,900kcal/kg coal South African coal and one Capesize of the same-specification Canadian coal for about $114/t each and $118/t, respectively.
Reuters reports Sudan said on Sunday it expects its mining industry to produce around 7 tonnes of gold in 2011 and it plans to launch a gold refinery next year to improve the quality of its much extensive larger small-entrepreneur output. Sudan is trying to boost output of gold and other minerals to compensate for the loss of much of its oil production of 500,000 barrels a day when South Sudan became independent in July.
Fin24 reports South Africa's gold mining industry is under such cost pressure, owing to gold reserves that are too deep to be mined profitably, that within a decade or two this could mean the end of the industry. That's why there is great excitement about a promising new technology which could make deep underground mining possible and ensure the future of the industry. The world's deepest mine is AngloGold Ashanti’s Mponeng, which extends about 4 km (2.5 miles) underground. To be able to mine much deeper than this, where millions of currently inaccessible – or uneconomic – fine ounces of gold lie, would require a breakthrough. Significantly, AngloGold was recently the first group to herald such a breakthrough with an apparently large degree of certainty.
Pyrrhic victory for Mugabe as Rio Tinto gives up control of tiny diamond mine, but likely drops $200 million expansion
News reports on Saturday say Rio Tinto's Zimbabwe subsidiary Murowa Diamonds has ceded 51% of its equity to comply with a new law that requires Zimbabweans to own the majority of foreign companies. Rio Tinto says on its website it has completed a feasibility study and received environmental go-ahead to expand Murowa production 8-fold at a cost of $200 million. Saturday's report cast serious doubts on whether the investment, which requires foreign capital, would now be made. It appeared in recent weeks as if Zimbabwe was soft-pedalling the indigenization laws, but Rio Tinto's capitulation has now put pressure on Impala Platinum, struggling to hold onto its $20 billion worth of reserves in the country.
South Africa's Shanduka Group said on Friday it wants to increase its stake in a coal venture it operates with global trader Glencore, although it would not confirm what that stake would be.
Copper miners in Zambia are joining their counterparts in Indonesia in demanding a rise in pay. The Wall Street Journal reports hundreds of miners at Chinese company Sino Metals downed tools Friday over wage demands.