Africa Mining News

Avion Gold Corporation: Underground Ore Production Starts at Tabakoto Mine, Mali

Avion Gold Corporation (TSX:AVR) (OTCQX:AVGCF) is pleased to announce that production operations have started at its newly developed underground mine at the Tabakoto gold deposit in Mali, West Africa.

Environ opens first African office to meet industry demand

Environ is expanding its global network by opening its first office in Africa on March 1, 2012 in Johannesburg. The group said that it is establishing operations in Johannesburg in response to increasing demand for the firm's environmental and health sciences consulting work in South Africa and throughout the wider African region. Recent projects have included large due diligence asset portfolios, contaminated land projects and compliance management projects in the oil and gas, mining, steel, commodity and technology sectors.

Legend Gold Releases Detailed Look at Lakanfla Zone 4 Gold Discovery, West Mali

Legend Gold Corp. (the "Company" or "Legend Gold") (TSX VENTURE:LGN) is pleased to release an enhanced representation of the new Zone 4 gold discovery that reflects the Company's increased understanding of the mineralization in the zone.

Death of DRC mining go-to guy will reshape country's resource sector

Augustin Katumba Mwanke, the former governor of copper-rich Katanga province and go-to guy for resource deals, was seen by many as the power behind the throne.

Fuel cell powered mine loco to be trialled at Anglo Platinum

Discussed in depth in our forthcoming March 2012 issue, the use of rail in underground mining is still widespread. It is also not standing still in terms of new technology. Vehicle Projects of Golden, Colorado and Anglo American Platinum in South Africa are collaborating on a project to build five fuel cell mine locomotives to be demonstrated in mid-2012 at Amplats's Dishaba underground mine in Limpopo province, South Africa.

Another Zimbabwe diamond mine gets OK

International diamond watchdog the Kimberley Process (KP) has certified Zimbabwe's Diamond Mining Company to sell gems from the violence-tainted Marange fields, state media reported on Sunday.

Anglo Platinum's very bad year could be good for the market

Anglo Platinum, the world's number one platinum producer, suffered more than 80 safety-related work stoppages including 12 fatalities, that resulted in lower output and a drop in profits of over 60% in 2011.

Rio Tinto's Diamond Income +6.6 pct in 2011

Heavy rains at Argyle (above) in 2011 led to lower production and a need to add $0.5 billion to the underground project (IDEX Online News) – Rio Tinto diamond revenues increased 6.6 percent to $727 million carats in 2011. The company was hard hit...

Zimbabwe diamond miner gets 'watchdog approval' (AFP)

HARARE (AFP) - International diamond watchdog the Kimberley Process (KP) has certified Zimbabwe's Diamond Mining Company to sell gems from the violence-tainted Marange fields, state media reported on Sunday.The firm, a joint venture between the Zimbabw...

S. Africa's Zuma squashes mine nationalization talk

President Jacob Zuma squashed more than two years of talk on Friday about the nationalisation of South Africa's massive mining sector, saying state control or ownership of the mines in the world's biggest platinum producer could not work.

De Beers expects dull year for diamonds despite sales increase of 27%

Diamond demand will slow down significantly in 2012 said today De Beers SA, the world’s largest supplier of rough diamonds, due largely to the weak global economy.

DiamondCorp walks away from its Botswana kimberlite project

DiamondCorp (LON:DCP), the African diamond mine development and exploration company, will not proceed with further exploration in Botswana due to the recovery of low grades in the area, announced the company today.

Ghana sets up committee to review mining contracts

The country has set up a committee to review and renegotiate stability investment agreements with mining companies, a senior government official said Thursday.

Namibia uranium deal on the boil for Rio

Rio Tinto is eager to secure a joint venture with the likely new owners of the huge Husab uranium deposit in Namibia.

Ivanplats says DRC copper project Africa’s largest

Ivanplats CEO Robert Friedland said on Wednesday his company was developing Africa’s largest copper project in the Democratic Republic of Congo (DRC).

Newmont could redirect Conga billions to Ghana if delays continue

Newmont Mining, world number two gold producer, said on Wednesday it has options to spend its capital elsewhere to meet production targets if its $4.8 billion Conga project in Peru does not restart.

South Africa platinum miners given 20 days for lapsed rights ideas

Platinum miners in South Africa have 20 days to provide ideas on lapsed and revoked mineral rights as the government looks to drive forward exploration in the country, reports Mining Weekly.

Zambia mull policy to compel mining firms list on stock market

The Zambian government says it plans to put in place a policy that will compel mining firms to list on the local bourse to enhance citizens' participation in the country's mineral wealth, the Zambia Daily Mail reported on Tuesday.

BHP closing in on A$3.5 billion Gabon iron ore deal – report

BHP Billiton Ltd. (BHP) is close to striking a A$3.5 billion deal with the government of Gabon over the Belinga iron ore project, which is said to contain about 4 billion metric tons of ore, the Australian newspaper reported Wednesday without citing a source for the information.

Leighton officially launches African contract mining operations at Indaba 2012

The world's largest contract miner, the Leighton Group, yesterday officially launched its operations in Africa at Mining Indaba 2012 in Cape Town, South Africa. The Leighton Group is a leading international contractor and the world's largest international contract miner. The group, which operates across Australia, the Pacific, Asia, the Middle East and now Africa, has annual revenues of almost $20 billion and work in hand of over $45 billion. Leighton Africa has been established to capitalise on the growing opportunities in the African mining industry.

Nevsun shares plunge 30% after slashing 2012 guidance

Shares in Nevun Resources Ltd. fell off the cliff this morning after the company issued a press release saying its 2012 production estimate from its Bisha copper-gold mine in Eritrea is half of what the mine produced in 2011.

1.5 million carats on the block at Zimbabwe diamond auction

Up to 1.5 million carats worth of diamonds are being auctioned this week by companies allowed to mine the controversial Marange diamond fields in Zimbabwe.

Banro Announces US$125 Million Debt Financing

Banro Corporation ("Banro" or the "Company") (NYSE Amex:BAA)(TSX:BAA) is pleased to announce that it intends to proceed with a brokered private placement debt offering for gross proceeds of up to US$125 million. TORONTO, ONTARIO--(Marketwire - Feb. 6, 2012) - Banro Corporation ("Banro" or the "Company") (NYSE Amex:BAA)(TSX:BAA) is pleased to announce that it intends to proceed with a brokered private placement debt offering for gross proceeds of u...

Tigray keeps hitting high-grade copper in Ethiopia

Tigray Resources adds more pieces to the picture at the Terakimti prospect in Ethiopia as it drills more thick high-grade copper.

South Africa says no to mines nationalization

The South African government has quashed persistent rumours about nationalizing the country's mining industry.