Africa Mining News

Allana Potash Files Preliminary Economic Assessment Technical Report for Its Danakhil Potash Project

Allana Potash Corp. (TSX:AAA) (OTCQX:ALLRF) ("Allana" or the "Company") is pleased to announce that it has filed a National Instrument 43-101 ("NI 43-101") Technical Report dated November 28, 2011 on SEDAR at www.sedar.com.

London Mining JV partner files $650m counterclaim

Aim-listed London Mining on Monday slammed a $650-million lawsuit by joint venture partner Wits Basin Precious Minerals as a tactic to avoid repaying its loan.

Forbes Coal Reports Revenue of $31.2 Million in Fiscal Third Quarter 2012, an Increase of 245% Year-Over-Year

Forbes & Manhattan Coal Corp. (TSX:FMC.TO - News)(JSE:FMC.TO -News) ("Forbes Coal" or the "Company") is pleased to announce its fiscal third quarter 2012 financial results for the three months ended November 30, 2011.

Xstrata Coal completes sale of Mpumalang

Xstrata Coal South Africa (XCSA) is pleased to announce that it has completed the sale of its Spitzkop and Tselentis collieries and supporting coal assets, located in Mpumalanga, South Africa, to the Imbawula Group (Imbawula) for an undisclosed amount.

Volta extends gold mineralization northwards at Kiaka gold project

Volta Resources (TSE:VTR) Monday announced drill results from nine holes as part of its on-going phase 3 program at its flagship Kiaka gold project in Burkina Faso.

Good African gold and copper mining juniors offer serious opportunities: Welch

Recent trips to Africa have bolstered Chris Welch's conviction that mining plays in Africa are being overlooked, but it's not too late for investors to get in on the ground floor.

UK mining firm seeks renewal of TZ licence in Rwanda

Rwanda is pushing investors who have booked space in its newly developed special economic zone to quickly roll out projects to spur growth in an uncertain year.

Atomic Anne, her husband and the dubious $2.5 billion African uranium deal

Details emerging from investigations into Areva's purchase of African uranium miner UraMin are beginning to resemble a spy novel.

South Africa's platinum miners not worried of power cuts

Despite a warning by South Africa's power utility that supply would be extremely tight this month, the country's platinum miners are confident there will be enough to power their mines.

BHP halts underground ops at Khutala South Africa after fatality

Mining major BHP Billiton’s South African energy coal unit Becsa has suspended mining activities at the underground operation of its Khutala colliery near Witbank, after a fatal accident on Thursday.

Gold, iron ore found at Sandawana

The Zimbabwe Mining Development Corporation has discovered gold and massive iron ore deposits at its emerald and tantalite Sandawana Mine in Mberengwa District.

Columbus McKinnon increases its focus on the mining industry in South Africa

Columbus McKinnon Corp, a leading designer, manufacturer and marketer of material handling products, has acquired 100% of the shares of privately-held Yale Lifting Solutions located in Magaliesburg, South Africa.

Protest in Mozambique blocks coal train line

AFP reports about 500 protesters blocked a coal train line in Mozambique in a dispute with Vale over housing.

Exxaro bid puts Republic of Congo on iron-ore map

South Africa’s black-controlled diversified mining company Exxaro Resources is putting the Republic of Congo (RoC) on the map as a new African iron-ore development frontier with its R3-billion (A$338-million) cash takeover offer of African Iron.

DEF holds first annual good awards

Helping 2012 get off to a good start, the Diamond Empowerment Fund (DEF) held its inaugural “GOOD Awards” in New York last week.

Exxaro faces strike at Arnot coal mine

The National Union of Mineworkers (NUM) said on Wednesday that about 1,000 of its members would down tools at diversified miner Exxaro’s Arnot coal mine near Witbank on Friday.

German company to host Bauma trade show in South Africa in 2013

Trade fair company Messe München International is bringing its international trade show Bauma to South Africa for the first time in September 2013.

Allana Potash Announces $20 Million Bought Deal

Allana Potash Corp. (TSX:AAA) ("Allana" or "the Company"), is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Dundee Securities Ltd., and including National Bank Financial Inc., Cormark Securities Inc., Macquarie Capital Markets Canada Ltd., and Fraser Mackenzie Limited (the "Underwriters"), to purchase 25,000,000 common shares of the Company (the "Common Shares") at a price of $0.80 per Common Share for gross proceeds of $20,000,000 on a bought deal basis (the "Offering").

Zimplats accused of underpaying royalties by Zimbabwe authority

Zimbabwean platinum producer Zimplats has been accused of underpaying royalties by the Zimbabwe revenue authority and is now locked in a legal battle to fend off a $28 million claim for outstanding payments.

Helio Reports Drill Results from the Tumbili Target, SMP Gold Project, Tanzania

Helio Resource Corp. (TSX-V: HRC) is pleased to report the first results from the 2011 RC drill programme at the Tumbili Target, SMP Gold Project in Tanzania.

African Iron leaps after Exxaro bid report

African Iron's shares rose more than 9% on Monday after reports that South Africa's Exxaro was in talks to buy the company.

Hana Mining Ltd.: Infill Drilling encounters consistent high-grade copper-silver mineralization along the northeast fold of the Banana zone

Hana Mining Ltd. (TSX VENTURE:HMG)(FRANKFURT:4LH) announced its most recent drilling results from the completion of 14 infill diamond drill holes in the Banana Zone at its Ghanzi sediment hosted Copper-Silver Project in Botswana.

Canadian firm to mine nickel in Tanzania

Canadian mineral explorer Continental Nickel Ltd (CNI) is set to start mining the mineral in southern Tanzania following positive exploration results.

Indian coal giant buys SA rights

Later this month Coal India Ltd (CIL), the world's biggest coal producer, will sign an agreement with the Limpopo government in terms of which it will receive mining rights on various coal blocks in that province.

Kansanshi back in business, First Quantum confirms

First Quantum on Friday confirmed it restarted operations at its Kansanshi copper mine in Zambia, after a strike curbed output for two days this week.