Africa Mining News

Paladin's uranium output climbs, lowers guidance

Paladin Energy, the ASX- and TSX-quoted uranium miner, said on Wednesday that production for the year ended June rose 32% to 5.7-million pounds, but was lower than expected because of heavy rainfall at its Namibian mine and “mechanical issues” at the Kayelekera operation in Malawi.

Diamond workers strike adds to South Africa mining woes

Employees of diamond mining company De Beers are set to go on strike on Friday after wage talks broke down on Wednesday. The workers follow tens of thousands of others in South Africa's coal, metals and petroleum industries who have been on strike for weeks. The strikes come at a time when the country's mining output is slowing and new investment in the industry is drying up amid uncertainty about state ownership, taxation, an ever-changing regulatory environment and corruption. A recent ranking of top global mining investment destinations that puts Alberta at the top relegates South Africa to number 63 alongside Zimbabwe, Guatamala and Venezuela.

Coal mine construction near 11th century African city given green light

South Africa's Environmental Affairs department on Wednesday defended granting Coal of Africa approval to resume construction at the controversial Vele opencast project near Mapungubwe, saying science, not emotion, was behind the decision. Mapungubwe is a World Heritage site and home of the golden rhino figurine (pictured) that dates back to around 1000 AD when Southern Africa's earliest kingdom flourished. Construction of the mine were halted in August last year when it was discovered the Australian company did not comply with aspects of environmental management laws.

S.Africa coal industry, unions meet for wage talks

South African coal miners started wage talks with unions and a mediator on Wednesday in a bid to prevent stoppages that could threaten supply to power plants and limit exports, while a fuel sector strike threatening the economy entered its tenth day. Africa's largest economy relies on coal for almost all its power, but state-owned utility Eskom has said it has enough coal in stock to last 41 days, so a strike would have to be lengthy to affect its operations.

BHP Billitons diamond production falls in past year

BHP Billiton’s diamond production suffered a double-digit d rop in the fiscal year, the miner reported on Wednesday. The company mined 2,506,000 carats, an 18% year-over-year drop.

Coal sector talks begin

Wage negotiations in the coal sector are set to begin on Wednesday, the National Union of Mineworkers (NUM) said. "The meeting will start at 10am today in Johannesburg. We are hopeful that perhaps today the employers will come with a more reasonable

Q4 output down 17% on furnace shutdown – International Ferro Metals

South African miner International Ferro Metals said output fell 17 percent in the fourth quarter due to a scheduled shutdown of a furnace. Ferrochrome production was at 42,584 tonnes for the quarter ended June 30.

Operations resume at Beatrix mine after fatality last week – Gold Fields

According to a spokesman for the South African gold miner, normal operations at the mine resumed on Monday night. South African miner Gold Fields has resumed operations at the No.3 shaft of its Beatrix mine, a company spokesman said on Tuesday.

Work resumes at Tshepong mine – Harmony Gold

The South African gold miner said Tuesday that work had resumed at its Tshepong mine after an 8-day stoppage after an accident that killed a worker South African gold miner Harmony said on Tuesday it had resumed work at its Tshepong mine in South Africa

Signature Metals – Significant mineralisation intersected along Ashanti Shear Zone

Signature Metals Limited (ASX: SBL) has received significant initial Aircore drilling results from the Kyekyewere Prospect at the Konongo Gold Project. The Kyekyewere Prospect is located along the Ashanti Shear Zone which hosts significant gold deposits elsewhere in Ghana.

Import window opens for S.African coal, China unmoved

The price of importing South African coal has fallen to be nearly on par with Chinese domestic rates, but Chinese buyers are not biting and are asking for discounts of another $4 per tonne at least, trade sources said.

Petra Diamonds mine revenue up

Diamond producer Petra Diamonds on Tuesday reported a 24% increase in gross mine revenue to US$220.6 million for the year ended June 2011, mainly due to the steady increase in rough diamond prices from October 2010. Revenue of US$90.0 million in the

Ikwezi Mining focused on South African coal, IPO hits ASX boards at 10 pct premium

Ikwezi Mining (ASX: IKW) has been admitted to the ASX after a successful IPO which offered 150 million shares at $0.20 to raise around A$30 million.

Botswana Metals hits high grade copper silver at Dibete, near Airstrip prospect in Botswana

Botswana Metals (ASX: BML) has intersected high grade copper and silver from a 6000-metre drill program completed at the Dibete prospect in Botswana, adding weight to the resource estimation study set to be carried out following the next phase of drilling.

MDM awarded process and engineering design for gold recovery plant, South Africa

MDM Engineering Group Limited (“MDM”) has been awarded the Process and Engineering Design to BFS level for a modular gold recovery plant for Taung’s Evander 6 shaft project.

Nuinsco to acquire majority stake in gold company with Sudanese concession

Nuinsco Resources Ltd. (TSX:NWI) announced Monday it has an option agreement to acquire an 85 per cent interest in UAE Gold, which owns the J. Tobar concession in northeastern Sudan.

Allana Potash supports East Africa's famine and drought relief efforts

Allana Potash Corp. CA:AAA -0.73% announces today its support to the relief efforts following the drought and resulting famine inEast Africa with a pledge of $100,000 to the Ethiopian government.

SEMAFO drills 4.29 g/t Au over 25 meters at Mana's Fofina Area – consistent values and widths confirm high-grade mineralization

SEMAFO (TSX: SMF) is pleased to provide an update on ongoing delineation drilling at Mana's Fofina area, a deposit that was discovered in 2010.

Marenica Energy – Progress Update: Marenica Uranium Project, Namibia

International uranium company Marenica Energy (ASX: MEY) is pleased to provide an update on ongoing resource in-fill and exploration drilling programs at its flagship 75%-owned Marenica Uranium Project located in Namibia, southern Africa. Drilling was

China's Hanlong makes $1.5 billion bid for Sundance

China's Sichuan Hanlong Group made a bid to buy out the shares it doesn't already own in West African iron ore exploration company Sundance Resources, valuing the private conglomerate at A$1.4 billion ($1.5 billion). Last week, Hanlong, which is seeking to expand its reach in global resources, launched a A$144 million takeover bid for Bannerman Resources, which is looking for uranium in Namibia.

Metmar boosts stake in Eastern Belt Chrome to 80 pct

JOHANNESBURG ( Commodities trader Metmar has entered into R61.4-million transaction to buy a further 60% of Eastern Belt Chrome Mines, taking the its ownership to 80%, the JSE-listed company said on Monday. Metmar would settle

Rio workers return to work in Namibia

WINDHOEK - Workers at Rio Tinto Ltd's Rossing uranium mine in Namibia have returned to work after a three-day illegal strike, the company said, while talks to resolve the wage dispute are set to resume. "The strike is over and the workers are back at

Zimbabwe Chiadzwa diamond fields watchdog rejected by mines minister

Mines Minister Obert Mpofu has rejected the monitor nominated by civil society to oversee operations at the Chiadzwa diamond fields, saying the appointment is null and void. The proposed watchdog is part of ongoing efforts to legitimise Zimbabwe's diamond trade, which was suspended in 2009 over human rights concerns at the Chiadzwa diamond fields. These concerns are still high with ongoing reports of rights abuses and rampant smuggling, all at the hands of the military, which maintains tight controls of the entire area.

Tanzania gold export receipts up 18% year to April 30

The value of Tanzania's gold exports jumped 18% in the year to April 30 due to increased prices on the international market, the Central Bank of Tanzania said Saturday.

Forbes Coal gets ready to list

Forbes Coal, the Canadian bituminous coal and anthracite producer which plans to list on the JSE later this month, wants to triple production at its two projects in Dundee, KwaZulu-Natal, to take advantage of booming demand.