Africa Mining News

Gold One buys First Uranium’s Elzuwini Mining Company for US$70M

First Uranium (TSX:FIU) announced Monday it has sold its South African-based Elzuwini Mining Co. to Gold One International for US$70 million, transaction that should be completed by June 29.

De Beers names Tiffany among 75 buyers

Sales of rough diamonds by DTC rose to $6.5 billion last year from $5.1 billion in 2010.

Anglo-American building new Namibia diamond mine

Namdeb, which plans to produce 600,000 carats in 2012, expects the new mine to produce 45,000 carats a year.

High costs plague Zimbabwe coal miners

Zimbabwe is estimated to hold between 10 billion and 20 billion tonnes of coal resources.

Report says Tasiast will produce until 2046

Kinross, the beleaguered gold producer whose stock price has been hammered of late due to a $4.6 billion writedown and alleged violations of securities laws, will continue pouring gold at its Tasiast mine in Africa until the year 2046, according to a technical report released on Friday.

Zimbabwe going swimmingly for Caledonia, but platinum rights in South Africa go missing

Production at Blanket in Zimbabwe doubled and the Toronto-based company said it paid direct and indirect taxes, royalties, licence fees, levies and other monies to the Government of Zimbabwe totalling $13,6 million.

Anglo American opens $517m colliery in S. Africa

UK-headquartered Anglo American (LON:AAL) cut the ribbon today on a new coal mine in South Africa.

Minmetals Resources hunting in Africa

MINMETALS Resources says it will use the assets recently acquired through its takeover of Anvil Mining as the starting point for a wave of acquisitions through southern Africa.

The Oppenheimers and De Beers are no more. Here's a 30-year old article that predicted the cartel's undoing

"An unruly market may undo the work of a giant cartel and of an inspired, decades-long ad campaign."

Conflict-free gold standard about to become a fact

The World Gold Council unveiled today the long-awaited “exposure draft” of the so-called conflict-free gold standard, which aims to crack down on gold tainted by conflict and human rights violations, such as the ongoing supply coming from the rebel forces in the Democratic Republic of Congo.

BHP's Marius Kloppers makes 30 best CEOs in the world list (again)

Why? For mining the stuff for making China.

La Mancha posts record net earnings of $36.1 m and record operating cash flow of $89.4 m for 2011

In 2011, La Mancha made headlines within the investment community by demonstrating, through a DFS and increased resources, our potential to quickly grow into an intermediate gold producer.

You want ice with that? Centerra dives 18% after saying waste and ice will cut Kumtor production by 200,000 oz

Centerra Gold said labour strikes last month worsened the extent of the ice and waste flows and that it now can't access the high grade zone at its massive mine in Kyrgyzstan.

Powerscreen drums up business in South Africa

Powerscreen recently hosted a World Dealer Conference in Cape Town, South Africa. More than 300 dealers and customers travelled from across the world to attend the conference.

Stellar Diamonds says its project in Sierra Leona confirmed as a high value asset

London-trade Stellar Diamonds (LON:STEL) said today a first JORC compliant estimate for its Tongo project in Sierra Leone confirmed it as a high value, high growth asset.

Jubilee Platinum's shares at five-month lows

Shares in the platinum miner have dropped as much as 7.4%, the lowest intraday price since Oct. 10 after its loss per share in the six months through December widened.

Zimbabwe diamond mine pay deal agreed

ANJIN, the biggest miner operating in Zimbabwe’s controversial Marange diamond fields, said yesterday a two-day strike by workers had ended after management agreed to a 25 per cent wage rise.

World's largest coal company muscling in on world's largest metallurgical deposit

"Shenhua is the most competitive bidder for the project given its technology, transport infrastructure, access to the Chinese market and the backing of the Chinese government," Shenhua CEO Ling Wen told reporters.

La Mancha's measured and indicated resources more than double to 4.8 million ounces of gold equivalent

Dominique Delorme, President and CEO of La Mancha, noted: "Having quadrupled our resource base to nearly 5 million ounces of gold equivalent since 2007, it is exciting to see that this appears to only be the beginning, as we are just starting to scratch the potential at our Hassaï property, where nine more VMS targets remain to be explored."

Forsys completes acquisition of remaining 30% interest in Namibplaas

"This acquisition positions Forsys to be better able to realize the full potential of consolidating Namibplaas with its wholly-owned Valencia Uranium Project," said Marcel Hilmer, CEO and Director of Forsys.

Win some lose some: Gold Fields delving deeper into Philippines, suspends drilling in Mali

Nick Holland of CEO Gold Fields said on Monday the company has plonked $63 million on a second gold-copper project in the Philippines. The globe's fourth-largest gold miner also announced it is suspending drilling in Mali, Africa's third largest gold producer following a military coup.

Congolese families take Canadian mining company to the Supreme Court

The Canadian Association Against Impunity (CAAI), which represents several human rights groups and non-governmental organizations, filed today a last-minute plea at the Supreme Court against Canadian miner Anvil Mining Limited (TSX:AVM), on behalf of the victims of a 2004 massacre in Congo.

Energizer Resources Confirms Jumbo Flake Graphite With +90% Purity; DRA Mineral Projects Makes Initial Equity Investment in Energizer

TORONTO, ONTARIO--(Marketwire - March 26, 2012) - Energizer Resources Inc. (TSX:EGZ)(OTCBB:ENZR)(FRANKFURT:YE5) ("Energizer" or the "Company") is pleased to announce that it has received positive initial metallurgical test results from its...

Finders Resources reviewing options for Ojolali Gold‐Silver Project

Metals developer Finders Resources Limited (ASX:FND) announced it has started a strategic evaluation of its alternatives for the Ojolali gold-silver project, in Sumatra.

First Quantum Minerals Provides Mineral Resource and Reserve Estimates for Its Sentinel Copper Project, Zambia

First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM)(LSE:FQM) today issued the mineral resource and reserve estimates for its Sentinel copper project in Zambia. The project is part of the Trident project that is located approximately 150 kilometres west of the Company's flagship Kansanshi mine.