Namibia's Rossing Uranium, a unit of mining giant Rio Tinto , has offered its workers a deal in a labour dispute over production bonuses, just before the scheduled start of a strike, the Mineworkers Union of Namibia (MUN)said on Friday. "We talked till
Africa Mining News
Helia Resource Corp (TSX-V:HRC) has unearthed a one-kilometre strike zone at its SMP gold project in Tanzania. While artisinal mining has focused on narrow vein surface outcroppings, some containing assays up to 150 g/t gold, the new Chura zone appears to contain one kilometre of mineralization with a 2K-long magnetic anomaly, Helio stated in a news release.
AFP reports a recent outbreak of fighting between rival armed groups in the Central African Republic – one of the poorest countries in the world – vying for control over diamond mines left 43 dead, an army source said Thursday. The toll originally stood at 30 following week-long clashes in the central town of Bria which erupted on September 11. Officials said the clashes are between the Ronga and the Goula, two rival ethnic groups who have feuded over the region's diamond mines for years.
Rio Tinto has shortlisted nine parties in bidding for a South African coal mine that it acquired through its near-$US4billion takeover of Riversdale Mining, and hopes to conclude a sale by the year-end, said Steve Mallyon, a special advisor to the Anglo-Australian miner. Any deal for the Riversdale Anthracite Colliery in KwaZulu Natal province, which is producing about 750,000 tonnes of coal a year, could value the asset at around $US150 million ($149m), he said.
A London law firm said Wednesday it has launched legal action in Britain's High Court against mining company Anglo American on behalf of South African miners suffering from lung disease.
Botswana aims to transform itself into an international hub of the world diamond industry, boosted by a deal in which the De Beers mining and sales empire will transfer the sorting, valuing and selling of rough diamonds from London to Gaborone by the end of 2013. The agreement also provides for Botswana to sell 10 percent of its diamonds independently of De Beers, rising to 15 percent in five years' time. Gaborone's Mmegi newspaper reported Tuesday that all 66 of De Beers' sightholders from around the world are expected to travel to Gaborone at least ten times a year. Africa's failure to add value to resources within their countries of production has long been identified as a major hindrance to the continent's growth.
A strike appears imminent at Rio Tinto's Rssing Uranium Mine in the Namibian-Naukluft Park (pictured) after workers unhappy over production bonuses on Wednesday voted unanimously in favour of industrial action that could cripple operations at the mine responsible for some 5% of world production. Management said the demands were unreasonable and defeat logic. The industrial action takes place at a difficult time for the uranium industry with the spot price recently falling below $50 – levels last seen immediately after the nuclear accident at Fukushima. The sector has lost some 40% of its value since the Japan disaster and the first deal of what is expected to be widespread consolidation in the industry is already shaping up to be a classic David and Goliath fight.
Shares in African Eagle (LON:AFE) rose after its joint venture partner BrightStar Resources discovered a substantial additional gold mineralised system at the Miyabi project in Tanzania.
WINDHOEK, Sept 20 (Reuters) - Management at Rio Tinto (Berlin: CRA1.BE - news) 's Rossing Uranium mine in Namibia will meet with unions on Tuesday in a bid to avoid a strike over production incentives that could hurt output at one of the world's largest
A Memorandum of understanding was signed between Shelron Group and a Tanzanian company that owns a gold prospecting license in the Republic of Tanzania.
Guinea's CBG restarted bauxite exports early on Sunday after a one-week halt that was caused by damage to a conveyor belt used to load ships, a source at the company told Reuters.
The project is part of ongoing negotiations between Guinea and CPI over the potential development of a bauxite mine in Boffa and construction of an alumina refinery and deepwater port, sources have said.
The National Union of Mineworkers (NUM) said on Friday separate wage talks with Exxaro Resources and Impala Platinum had deadlocked but strike action was not imminent.
The African blocks which include Tripartite and Igad are planning to hold a three days joint high level conference in Kenya starting on September 28th 2011 to discuss ways of financing key regional infrastructure projects.
Mbada Mines (Pvt) Ltd, which operates in Zimbabwe's Marange diamond area, is producing more than 150,000 carats a month, surpassing Rio Tinto's Murowa mine as the country's largest diamond producer, according to the firm's chairman, Robert Mhlanga. Rio Tinto's Murowa diamond mine produced 178,000 carats in 2010 and 125,000 in the first half of 2011.
IMX Resources Limited (ASX:IXR) is pleased to announce that initial metallurgical testwork has confirmed that high grade nickel concentrates with high recoveries can be produced from the multiple Ntaka Hill ore zones at the Nachingwea Ni-Cu joint venture in Tanzania. The Project is a joint venture between IMX Resources Limited (25%) and Continental Nickel Limited (75%).
Gold miner Mwana Africa's Zimbabwe mine output has risen to a monthly average of 4,500 ounces, outstripping its targeted annual production rate, company executives said on Friday
Diamond producer De Beers said on Friday it had signed a new 10-year contract for the sorting, vaulting and sales of the diamond production of Debswana, its joint venture with the government of Botswana. De Beers, 45 percent-owned by global miner Anglo
HARARE (miningweekly.com) Zimbabwe wants 10% of all diamonds mined in the country to be cut and polished locally, Mines Minister Obert Mpofu said in Harare this week. A diamond policy is currently being drafted and will incorporate a beneficiation
Platinum Australia shares fell after production was halted at the miner's flagship Smokey Hills operation in South Africa, amid community dissent.
Perseus Mining Ltd in an update on commissioning at its Edikan gold mine in Ghana said the process plant is currently achieving increasing rates of utilisation (87%) and mill throughput rates have recently been tested to 730t/hr for short periods on fresh/transition ore blends.
Nine months overdue, the diamond marketing contract between the Government of Botswana and De Beers will finally be signed tomorrow in Gaborone, Mmegi reported on Thursday.
A Zimbabwe government official says a law forcing foreign companies to surrender 51 percent stakes to local people was "an aspiration," not a hard target, Reuters is reporting: "This is a negotiated process, it is not an issue that is dictated to companies. It is more to deal with evaluating and negotiating with each company," Prince Mupazviriho, the permanent secretary in the mines ministry, said during a mining conference on Thursday. The new position by the government is a change from the previous hard-line edict suggesting the 51% requirement was set in stone.
Zimbabwe's mines minister on Thursday told delegates at a conference in the capital Harare that the government has received 400 applications from companies interested in mining diamonds, despite an international ban on the export of gems from the rich Chiadzwa alluvial fields. The news comes as Zimbabwe appears to scale back its ambition to force foreign miners to hand over majority ownership with the minister saying the country would not suspend any mining permits and that exceptions may be made to the so-called indigenization laws.
Anvil Mining (TSE:AVM), a copper miner based in the central Africa, tamped down speculation that it may be acquired for $1 billion. Australian Finance Review reported that it was in serious discussion with a Chinese firm about some sort of business tie up. Last month, Anvil announced that it started a strategic review process and the company had formed a special transaction committee to ". . . review and consider the value maximizing alternatives available to the Corporation. BMO Capital Markets has been retained to assist in this regard," said the company in a statement.