Africa Mining News

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.

South Africa's attractiveness for mining investment plummets

A new survey out Tuesday shows South Africa’s appeal for mining investment has declined dramatically since 2006 and the country now ranks a lowly 67th out of 79 countries in the study.

Cardero's Ghanaian Partner Issued 3 Prospecting Licenses, JV Agreements Concluded and Exploration Initiated Over Sheini Hills Iron Deposits, Ghana

Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) announces that Emmaland Resources Limited, its Ghanaian joint venture partner ("Emmaland"), has received from the Government of the Republic of Ghana, through the Minister for Lands and Natural Resources (Ghana) ("Minister"), three prospecting licenses covering lands located in the Zabzugu-Tatale District in the Northern Region of the Republic of Ghana, and referred to as the Sheini Hills Iron Project (approximately 400 square kilometres in aggregate).

Xstrata completes sale of South African coal mining assets

Xstrata Coal South Africa (XCSA) has completed the sale of its coal assets located in Mpumalanga, South Africa.

A Coming Great Global Angst

Our agriculture system is concentrated on producing a very few staple crops - there is a very serious lack of crop diversity.

Reservoir Options Gold Projects From BEIG3 in the Cameroon

Reservoir Minerals Inc. ("RMC" or the "Company") (TSX VENTURE:RMC)(PINKSHEETS:RVRLF)(BERLIN:9RE) is pleased to report that it has signed an Option and Joint Venture Agreement with the Bureau d'Etudes et d'Investigations Géologico-Minières, Géotechniques et Géophysiques (BEIG3 SÀRL) ("BEIG3") to acquire 90% of two gold exploration properties: Bibémi and So'o, in the Republic of Cameroon.

'Botswana diamond mines best in the world'

Botswana Diamonds recently listed on the Aim Market mining sector and says plans are underway to have a secondary listing on the Botswana Stock Exchange. Executive chairman of Botswana Diamonds John Teeling recently had an interview with proactive...

Zimplats workers go on strike – State paper

According to state media reports, Workers at Impala Platinum's Zimbabwean unit have gone on strike in a bid to get the miner to pay for its employees' personal electricity bills

Randgold's new gold mine overcomes obstacles

Randgold Resources' new gold mine at Tongon in Cote d'Ivoire which was nurtured as a project through a civil war and then successfully commissioned in the final quarter of 2010 during the post-election disturbances, represents a triumph of the company's philosophy of partnering with its host countries, according to its chief executive, Mark Bristow.

$1billion Ivanplats IPO rumoured

Bloomberg reports that Ivanplats Ltd., an Africa-focused mining company controlled by billionaire CEO Robert Friedland, may seek up to $1 billion in an IPO.

Trading places: rare earth prices plummet while rare earth miners rocket in 2012

The share price performance of those non-Chinese rare earth miners closest to production – Molycorp in the US, Australia's Lynas and Great Western Minerals in South Africa – is in stark contrast to what is happening to rare earth oxide prices, some of which have more than halved over the last three months.

Process solutions provider expands its service offering

Mineral process solutions provider Multotec’s growing African branch infrastructure is helping it to transition from pure equipment sales into the field service maintenance arena, says CEO Thomas Holtz.

Double dose of surprise news tears strips off platinum behemoths

Two consecutive days of surprise negative news this week tore strips off the share prices of South Africa’s two leading platinum mining companies.