Africa Mining News

La Mancha Discovers a Mineralized Structure Extending Over 800M at Sissedougou

La Mancha Resources Inc is pleased to report that its wholly-owned properties in Côte d'Ivoire have returned very promising drill results.

Argus receives title and uranium licence for the large-scale, drill-ready Kaituma uranium/gold project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 31, 2012) - Argus Metals Corp. (the "Company" or "Argus") (TSX VENTURE:AML) reports that the Guyana Geology and Mines Commission has granted and signed Argus' PL29/2011 licence. This licence allows for the exploration of uranium, gold and precious elements. PL29/2011 is west of, and contiguous with Argus' PL53/2009 licence, which also allows for the exploration of uranium, gold and precious elements. With PL29/2011 in place, Argus now holds the full 10 x 1 kilometre extent of the Kaituma uranium target and plans to execute a drill program on the project as soon as technically and financially feasible.

Expansion of services in groundwater management for mines

International environmental firm SLR Consulting continues to expand the services it offers in southern Africa with the acquisition of Bittner Water Consult (BIWAC), a groundwater consulting firm based in Namibia.

First Quantum signs US$1 billion financing facilty for its Zambia operations

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 30, 2012) - First Quantum Minerals Ltd. ("First Quantum" or the "Company" or "FQM") (TSX:FM)(LSE:FQM) is pleased to announce the signing of a US$1 billion senior term and revolving facilities...

Siemens enters Africa with first wind orders

The company will supply a total of 44 wind turbines for two wind power plants in Morocco to the customer Nareva Holding.

Wits Gold together with Pan African Resources to acquire the operating Evander Gold Mine from Harmony for ZAR1.7 billion

Witwatersrand Consolidated Gold Resources Limited ('Wits Gold') and Pan African Resources plc ('Pan African'), collectively the 'Consortium' announced today that they have entered into an agreement with Harmony Gold Mining Company Limited ('Harmony') to acquire 100% of Harmony's interest in Evander Gold Mines Limited ('Evander'), in a 50/50 joint venture, for a total Transaction consideration of ZAR1.7 billion (C$210 million 1) less any distributions made by Evander to Harmony prior to the closing date of the Transaction.

Great Western Minerals Group Completes First Phase of Steenkampskraal Rare Earth Evaluation Program

Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE:GWG) (OTCQX:GWMGF) is pleased to announce that it has completed the first phase of the exploration program at the Company's Steenkampskraal rare earth property in South Africa.

Endeavour Mining reports Q4 and full year 2011 gold production and 2012 guidance for production, development and exploration

Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX:EDV, ASX:EVR) is pleased to announce it met 2011 production targets with Q4 gold production of 24,010 ounces from its Nzema operations in Ghana and 21,586 ounces from its Youga operations in Burkina Faso. Total annual production for 2011 was 177,290 ounces of gold at a cash cost per ounce of $614 (excluding royalties), comprised of 90,026 ounces from Nzema and 87,264 ounces from Youga

Vale makes promises to resettled Mozambicans

Brazilian mining giant Vale has promised to solve within six months all the problems faced by households resettled from the area where Vale is now mining coal in Moatize district, in the western Mozambican province of Tete. A total of 717 households were resettled at Cateme, about 35 kilometres from Moatize town. Many of these families have protested that the houses they were given are shoddily built. Cracks have appeared in the walls and the roofs are leaking.

BHP Billiton to Halt Bauxite Exploration at Guinea and rsquo;s Boffa Site

BHP Billiton Ltd. plans to halt bauxite exploration at its Boffa-Santou-Houda site in Guinea, the world’s biggest exporter of the ore, after prices for aluminum dropped, said Jean-Francois David, the company’s president in the West African nation.

Booming mining sector translates into Zambian contracts for motors supplier

Interest in the burgeoning African mining industry continues to increase, with this year marking the eighteenth annual Investing in African Mining Indaba, and numerous contracts being awarded to mining suppliers.

Two Miners Killed in South Africa's Modikwa Platinum Mine: Union

Two miners died at South Africa's Modikwa Platinum underground mine after a cave-in, bringing the number of workers killed at mines in the country this year to more than 10, the National Union of Mineworkers said Saturday.

Continental Coal beats its own export record

Focused coal mining investment and production company Continental Coal Limited provide an update to shareholders on the continued strong performance of export focused thermal coal mining operations in South African that are managed by the Company’s South African subsidiary Continental Coal Limited and an update on the status of key corporate transactions that it is currently in the process of finalizing.

Teck and BASF Announce Partnership to Reduce Zinc Deficiency Through Micronutrient Food Solutions

Teck Resources Limited ("Teck") and BASF SE announced at the World Economic Forum today that they have signed a three year agreement to jointly develop innovative and affordable zinc fortification and supplementation solutions, with the goal of reducing zinc deficiency among 100 million people in developing countries by 2015.

NMDC Gets gold mining lease in Tanzania

NMDC, the country's largest iron ore mining company, has secured a gold mining lease in the Bulyang'Ombe and Saga Hills area of Tanzania.

Energizer Resources’ discovery of graphite and vanadium: agreement with DRA Mineral Projects to develop Green Giant in Madagascar

With confirmation of the discovery of two strategic minerals, vanadium and graphite, Energizer Resources says it "is now well positioned to move forward to mine development"

Govt-enforced safety stoppages lacerate Amplats, Lonmin platinum production

Soaring government-enforced safety stoppages at South African platinum mines have lacerated the production performances of mining companies Anglo American Platinum (Amplats) and Lonmin, latest production reports indicate.

Conquest sells Zimbabwe gold properties

Conquest Resources Limited (TSX VENTURE:CQR) announces the sale today of its indirectly-held gold properties and assets in Zimbabwe to Mayfair Mining & Minerals, Inc. ("Mayfair"), a Nevada corporation with a head office in West Sussex, United Kingdom.

Gem's rock star mine produces record number of big stones, but prices per carat fall 23%

Gem Diamonds on Thursday reported record annual production at its flagship Letšeng mine in Lesotho and continued to polish its reputation as the world’s richest source of exceptionally large diamonds, but prices per carat fell 23% compared to a year ago.

Dr Caterpillar's (excellent) prognosis for mining

With revenues of $60 billion last year and operations at the ends of the earth, few companies are in a better position to take the pulse of the global economy and the resource sector than Caterpillar. But what is it saying about the outlook for 2012?

Gold Fields and Gold one examine treating West Rand tailings – a major resource of gold and uranium

Gold Fields and Gold One International have entered into a Memorandum of Understanding (MOU) to investigate the viability of concurrently reprocessing their combined surface tailings deposits, located on the West Rand region of South Africa’s Witwatersrand Basin.

Platinum Group Reports Q1 2012 Financial Results

Platinum Group Metals Ltd. (TSX:PTM)(NYSE Amex:PLG) ("Platinum Group" or the "Company") announces the publication of the Company's financial results for the three months ending November 30, 2011.

Open season on Kinross: First a downgrade and legal probe, then someone drops $72 million on it

Kinross Gold was taking more punishment on Wednesday morning after its stock was downgraded and US securities litigation firm Holzer Holzer & Fistel announced it is investigating potential violations of federal securities laws by the miner over gold grades at its Tasiast property. Then at 13:30 the stock popped into positive territory after a single trade worth $72 million went through.

SGS Metallurgy chosen for hydromet testing of Dutwa nickel ores

African Eagle is moving ahead with metallurgical testwork on its big Dutwa nickel resource in Tanzania and has contracted SGS Metallurgy of Perth to undertake this.

Hana Mining pops 4% on good intercepts

Hana Mining moved up 4.32% today on positive drill results from its exploration property in Botswana.