Africa Mining News

Mozambique: Govt Demands Shares in Mining Concessions

Maputo Mozambique is to review its current mining legislation to enable the state to hold a share in the companies with mineral concessions. Speaking at the opening of an International Coal Conference, under way in Maputo since Tuesday, the Minister of

Gold Fields secures new loan facility

To publish a PR you need to Register Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that it has secured a 5-year US$1 billion revolving credit facility. The loan will replace a US$450 million three-year facility with

Fatality at Harmony’s Unisel mine

Johannesburg. Friday. Harmony Gold Mining Company Limited (Harmony) regrets to advise that an employee was fatally injured yesterday morning following a locomotive accident at its Unisel mine near Welkom in the Free State Province. The mine has been

Nevsun Resources update

VANCOUVER, BRITISH COLUMBIA - Nevsun Resources Ltd. (TSX:NSU)(NYSE Amex:NSU) -HIGHLIGHTS Nevsun Resources Ltd. is pleased to announce strong production results of 93,000 ounces of gold for the quarter ending June 30, 2011. Year-to-date the Bisha mine in

Segue Resources to acquire up to 51% of the Emang Manganese project in South Africa

Segue Resources Limited has signed an agreement to acquire up to 51% of the Emang Manganese Project in the Postmasburg Manganese Field in South Africa, one of the world's largest manganese fields.

Deep Yellow Limited announces new high-grade uranium discovery at Alaskite

Advanced stage uranium explorer Deep Yellowannouned that its wholly-owned Namibian operating entity, Reptile Uranium Namibia Ltd ('RUN') has made a new alaskite discovery at target MS7, which was recently identified from structural and geological mapping. MS7 is only 2.5 kilometres southwest of the company's Ongolo Alaskite deposit, which has a JORC compliant resource of 6.9 Million tonnes at 410 ppm for 6.2 Million Pounds U3O8 at a 275 ppm cut-off. Ongolo is a key component of the Company's flagship Omahola Project.

Zimbabwe says it will pay for foreign firms

Foreign companies in Zimbabwe will not be seized but bought out under a black economic empowerment scheme sponsored by President Robert Mugabe's ZANU-PF party, a government minister said on Thursday.

Zimbabwe may sue De Beers over 'looting' of diamond fields under international ban

Zimbabwe’s state-controlled Herald newspaper reported on Thursday the Harare government is investigating De Beers over claims it smuggled out gems worth "hundreds of millions of dollars" from the controversial Chiadzwa fields. De Beers spent eight years exploring the fields, but later claimed it had failed to find any meaningful deposits according to Zimabwe's deputy mines minister. Diamonds were found by villagers in Chiadzwa in 2006, leading to a frenzied diamond rush that was eventually crushed by the army. Zimbabwe's diamonds are the subject of an international ban although most industry watchers believe it is being widely flouted.

Pacific Wildcat Resources Corp.: initial niobium resource estimate for Mrima Hill exceeds 1.5 billion pounds

Pacific Wildcat Resources announced the initial NI 43-101 compliant independent Niobium mineral resource estimate report for the Mrima Hill Niobium and Rare Earth Project in Kenya. The Niobium mineral resource estimate is from surface down to a maximum depth of 30 metres with 83% of the mineral resource tonnes being found in the top 20 metres.

Improvements on the Sena railroad in Mozambique to cost US$200 million [NEW]

The introduction of improvement to the Sena railroad would cost over US$200 million and take at least 18 months, the chairman of Mozambican port and rail company, Portos e Caminhos de Ferro de Moçambique, said Tuesday in Maputo. Brazilian mining group Vale and Australia’s Riversdale Mining have invested hundreds of millions of dollars in coal mining projects in Tete province and plan to use the Sena railroad to transport the coal to the port of Beira.

Mineworkers around the globe unite for higher wages

Unrest and strikes in Indonesia, Chile, Australia and Africa, a shortage of skilled workers in North America and rising labour costs all over the globe are quickly becoming the most serious downsides of a mining boom that started almost a decade ago. While a historically high overall jobless rate is masking spiking wages in the resources sector in the US, workers in emerging markets are shutting down operations of mining companies deemed not to be sharing record profits fairly.

African Iron reports 80% increase in exploration target size at Mayoko, West Africa

Australia-based iron ore development company African Iron Limited (ASX: AKI) is pleased to announce a greater than 80% increase to the aggregate exploration target size at its 80%-owned Mayoko Iron Ore Project, located in the Republic of Congo, West Africa. Image of a drilling rig at the Mayoko Iron Ore Project, by African Iron Limited.

Zimbabwe could seize mines over local ownership

Reuters reports Zimbabwe could take over mines that fall short of laws requiring them to sell majority stakes to locals by September, a government minister said on Wednesday. Mineral-rich Zimbabwe has the world's second largest known platinum reserves after neighbouring South Africa and foreign miners working there include Zimplats Holdings, a unit of Impala Platinum, global mining giant Rio Tinto, and Anglo Platinum.

Coal of Africa secures key approval to restart Vele coking coal project

Perth-based coal miner Coal of Africa (LON:CZA) has secured a key environmental permit from the South African government, clearing a major hurdle on the way to restarting its Vele coking coal project. The approval will allow the company to proceed with construction work at the site following a year long delay due to environmental issues.

Coal of Africa shares jump on Vele go-ahead

Coal of Africa (LON:CZA) shares soared after it announced it has finally been awarded environmental authorisation by South African authorities for its key Vele coking project. The company can now move ahead with finishing construction of plant at the

Burundi plans to develop its nickel production

Reportedly, Burundi, the Central African nation has planned to start nickel production next year after first discovering this stainless steel making ingredient more than 35 years ago. Because of lacking fundamental infrastructure, the country?s nickel

Zambian mines can react to any eventualities – Mines rescue body

A mine rescue agency said that Zambian mines are well equipped and can react to any eventualities. In an apparent reaction to the recent development at Zambia’s sole nickel producer, Albidon mining where a sink hold affected production at the mine for another three weeks.

13,000 ounce gold reserve gives Avion’s Tabakoto mine 5-year life

Canadian mining company Avion Gold Corp gave an initial gold reserve estimate of 913,100 ounces at its flagship Tabakoto mine in Mali, West Africa. The company said it expected the reserve to support the mine for a period of five years.

Business Day: Rockwell picks Hunt to take it to new heights

Business Day reports that Rockwell Diamonds has appointed Michael Hunt as the company's new COO: Mr Hunt, formerly operations manager of Pangea Diamondfields, spent 20 years in various roles with De Beers, the world’s largest diamond mining company, Rockwell said in a trading update yesterday.

Iron ore mine safety assured with 3D laser mapping

A state of the art laser scanning system supplied by 3D Laser Mapping has been used to improve safety of iron ore extraction in South Africa. The Riegl laser scanner forms an integral part of a Waste Spreader Positioning System (WSPS) developed by Stone Three Venture Technology in partnership with Reutech Mining. Read more

Whittle Consulting completes Enterprise Optimisation Study for Assmang Manganese Division

Steve Burks, Managing Director of Whittle Consulting (Africa) has reported the completion of an Enterprise Optimisation study of Assmang’s Managanese Division. Assmang is a company incorporated in South Africa for the purpose of supplying raw material to the world’s steel mills and alloy plants. Read more

AMEC awarded two definitive feasibility studies to further develop uranium projects in Namibia

Under the first contract, AMEC Minproc has commenced work for Paladin Energy on the definitive feasibility study for the major Stage 4 expansion of the flagship uranium operation, Langer Heinrich. The study is targeting an overall expanded annual production of 10 Mlb and AMEC is designing and costing the main processing plant out of its Perth office, Australia. Read more

Thawing Arctic now home to one-fifth of recoverable oil deposits

A new report by Global Data on the top 2011 oil and gas investment destinations claims as much as 22% of the world's undiscovered and technically recoverable oil and gas could lie within Arctic territories. Oil and mineral wealth coupled with the opening of new shipping routes are transforming cities and towns in the region. Apart from the Arctic and Canada's oil sands where new projects could up current production of 1.7m bpd by another 2.7m bpd, new discoveries in Ghana, Uganda and other parts of Africa which remain largely unexplored are also attracting billions in investment from foreign oil and gas companies.

Tanzania to mine in game reserve

The Sowetan reports Tanzania will begin uranium mining in its southern Selous Game Reserve, Africa’s second-largest wildlife sanctuary and a Unesco heritage site (pictured), the energy minister said Tuesday. Australia’s Mantra Resources will start mining in late 2012 in the southern part of the 54,600-square kilometre park estimated to have 53.9 million pounds of uranium oxide deposits which is worth some $2.9bn at current market prices. The minister claimed that mining would only involve about 1% of the park's overall area and that income accrued from mining would help fund upkeep of the park, but environmentalists have slammed the plan.

913,000 ounce gold reserve gives Avion's Tabakoto mine 5-year life

Canadian gold junior reckons its gold reserve at flagship Tabakoto mine in Mali gives it at least 5-year life. Canadian mining company Avion Gold Corp gave an initial gold reserve estimate of 913,100 ounces at its flagship Tabakoto mine in Mali, West Africa.