Africa Mining News

Afferro files new 43-101 technical report on Putu iron ore project

Afferro Mining, the TSX-V / AIM listed exploration and development company with iron ore projects in Cameroon and Liberia, announces the filing of a technical report pursuant to National Instrument 43-10.

RBC Capital Markets appointed corporate broker to Centamin Egypt

London - This is the second announcement this week for RBC Capital Markets, who also announced on Monday that it had been appointed joint broker to African Barrick Gold. Since January 2011, RBC Capital Markets has added 13 new companies to its corporate

SRK opens Ghana practice

SRK Consulting has opened a practice in Ghana’s capital, Accra. This follows several decades of involvement in West Africa and will consolidate SRK’s position in the region.

Mine drilling supplier Driconeq acquires Anceriz Industries in South Africa

Sweden-based Driconeq, a leading producer of mining drilling equipment, has acquired Anceriz Industries, a prominent South African developer and manufacturer of reverse circulation mining drilling products.

The secrets of diamond mining are forever

24/7 Wall St says the global diamond mining industry may be one of the world’s best-kept secrets and diamond mining is not unlike the oil business, where about 100 massive fields supply about half the world’s oil.

South Africa's Eskom accepts BHP coal pricing ruling

Eskom will not appeal the court ruling that it has to disclose the special pricing deal it has with mineral resources group BHP Billiton, says Eskom CEO Brian Dames.

Impala Platinum earnings leap 41% but Zimbabwe concerns linger

South Africa's Impala Platinum Holdings (Implats) said on Thursday that its headline earnings for the 2011 financial year rose 41% as it reaped the benefit of rising prices. The world's second-largest producer of the metal also said Thursday that it expects output in 2012 to be steady or slightly lower on the year and that costs will likely rise. Implats accounts for close to 30% of global supply of the precious metal sometimes referred to as white gold, used in vehicle emission systems to reduce pollution and for the manufacture of jewellery. Prices for platinum climbed throughout the year from just over US$1,500 per ounce to end at about US$1,800 per ounce.

M and A fever to take hold in West Africa

The proposed tie-up between Australia’s Adamus Resources and Canada’s Endeavour Mining will be the first of a number of mergers and acquisitions within the crowded west African gold space, according to analysts.

Helio reports first RC drill results from the Gold Kop Target, Damara Gold Project, Namibia

Helio Resource Corp (TSX-V: HRC) is pleased to report the first results from a recently completed RC drill program on the Gold Kop target, at the Damara Gold Project in central Namibia.

Village Main reports fatality at Tau Lekoa

JSE-listed Village Main Reef said on Wednesday that an employee was killed in a fall of ground incident at its Tau Lekoa gold mine, in the North West province. The accident took place in the early hours of the morning as a result of a seismic event.

Paladin secures US uranium contracts for 'low to mid-$60s'

Australia's Paladin Energy has signed three new uranium sale agreements with US customers for output from the stage 3 expansion of the Langer Heinrich mine in the Namib desert (pictured).

Blackthorn Resources hits high grade silver at Perkoa Zinc Project

Blackthorn Resources recently announced it has intersected high-grade silver mineralisation in all of the first three holes completed at the Perkoa JV Project in Burkina Faso, West Africa.

State-owned diamond company in Ghana handed over to private investor

The Ghana government handed over state-owned Ghana Consolidated Diamonds (GCD) to a new investor, Great Consolidated Diamond Ghana Ltd (GCDGL), at a ceremony held on Tuesday in Akwatia, 80 km northwest of here.

Gold Fields closes four percent down as gold skids

Shares in South Africa's Gold Fields, the world's fourth-largest gold producer, fell over four percent on Tuesday in its biggest one-day drop in 18 months as bullion's latest rally looked overdone.

African Minerals increases capacity of Tonkolili iron ore project

London-listed Africa-focused mining giant African Minerals Ltd has announced that the operating capacity of Tonkolili iron ore mine in Sierra Leone has increased from 12 million mt per year to 15 million mt per year.

Goldplat flags “significant” hike in operating profits

Goldplat ( LON:GDP ) put out a very encouraging update saying its two gold recovery operations have been performing strongly and that it expects to post a “significant increase’ in full year operating profits. Trading across its two gold recovery businesses in South Africa and Ghana and its Kilimapesa gold project in Kenya was stronger in the second half than in the first.

Hana Mining updates drilling at copper-silver Project in Botswana

Hana Mining announced Tuesday its most recent drilling results from the completion of 13 infill diamond drill holes at the Banana Zone at its Ghanzi sediment hosted.

Endeavour, Adamus merge into West African gold producer

Shares of Endeavour Mining were up 6.15% on the TSX on Monday, after the Canadian company agreed to buy Australia's Adamus Resources, which gained 9% on the news.

India to consider banning chrome ore exports to China

According to the CEO of Albanian Minerals, India and South Africa are mulling a ban on raw chrome exports to China in a bid to keep local ferrochrome producers competitive ... Read the full story at Mine Web

Aquarius Platinum still in talks over Mimosa operation

The platinum miner said Monday it was still in talks with the Zimbabwean capital over a key deadline after its indigenization plan was rejected last week.

Australia miners taking another look at Uganda

Four years after Hardman Oil sold its stake in Uganda's oil industry, Australian firms are taking a second look at the country with the appointment of an honorary consul to Kampala.

Anglo American's fight for largest iron ore mine in Africa turns ugly

South Africa’s Department of Mineral Resources, defending itself in court after awarding prospecting rights to a company linked to President Jacob Zuma’s son, will seek criminal charges against the plaintiff Sishen, part of Kumba Iron Ore, a company controlled by Anglo American. Kumba and Indian iron ore giant ArcelorMittal are asking the High Court to overturn the award of prospecting rights for the Sishen mine to Imperial Crown Trading 289, whose owners include Jagdish Parekh, a business partner of Duduzane Zuma. Kumba says it’s the only party eligible for the rights to the nation’s largest iron ore mine.

Canada's Caledonia contests Zimbabwe licence withdrawal

Caledonia Mining, which owns Blanket Mine near Gwanda, on Friday said Youth Development, Indigenisation and Empowerment minister Saviour Kasukuwere acted outside his ambit in asking the ministry of mines to cancel the company’s operating licence. The company noted that the mine was operating normally. The move follows reports that Kasukuwere had rejected various foreign-owned companies plans for “indigenising” their operations in the country, or transferring at least 51% ownership to locals. The news knocked 17% of Caledonia’s share price on the TSX, which fell to C$0,075 by close of trade on Friday.

Zimbabwe gives mines 14-day deadline to hand over majority

Zimbabwe's government has given foreign companies including miners and banks a 14-day ultimatum to submit plans on how they propose to transfer majority stakes to local owners or risk losing permits, state media reported on Friday. However, immediately thereafter the country's central bank governor Gideon Gono launched a scathing attack on the minister responsible for the indigenization policy saying the threats “could irreparably harm the nerve-centre of the recovering economy.” Before a new unity government in 2009 Zimbabwe economy had shrank by as much as half over the preceding decade amid hyperinflation, property seizures and civil unrest. The country is the number two platinum producer in the world and rich in gold and diamonds.

Anglo American said to weigh counterbid for Macarthur Coal

Anglo American is exploring a bid for Macarthur Coal that would challenge Peabody Energy Corp.’s $4.9 billion offer for the Australian miner, said two people with knowledge of the matter. Anglo American, part owner of the world’s biggest platinum and diamond producers, is studying Macarthur’s finances, said one of the people, who declined to be identified as the talks are private. Buying Brisbane-based Macarthur would give Anglo steelmaking-coal mines in Australia as prices trade near a record. Peabody and its bidding partner, ArcelorMittal, took their offer directly to Macarthur shareholders after talks with the board collapsed.