World Bank revises down growth rate for commodity exporting countries to just 0.4%, predicts 15% decline in metal prices this year.
Africa Mining News
Capital spending by the world's largest miners since 2010 amounted to $632 billion – 32% of which has now been written off says new report.
Decision comes three years after the country’s gems were found to be funding armed groups in an inter-religious conflict and placed under embargo.
Most analysts believe the commodities market has turned a corner and that prices are unlikely to return to lows seen in the past year.
Confidence about a prospective gold mine in Mali got a significant boost, after the company behind the project raised US$67 million to go toward construction.
Scientists say the high manufacturing quality of the blade in comparison with other simple-shaped artefacts suggests a significant mastery of iron working in the Egyptian boy king's time.
They will dispute the country's High Court decision last month to allow a class action suit seeking damages for up to half a million miners who contracted silicosis and tuberculosis.
$11 million regional drilling program defining Bisha camp in east Africa as a world-class multi-deposit volcanogenic massive sulphide district.
CHARTS: Down 26% in a month the forward curve now points to the low $30s.
Randgold Resources chief executive Mark Bristow is on a fund-raising motorbike safari, which will take him from east to west across mid-Africa.
It’s only when something crazy happens that we normal folk start to take notice, which has given mining something of a reputation with most people.
Board and Senior Management changes, effective 30 June 2016
The West Africa-focused firm said it was verbally informed of the approval by the country's Minerals Advisory Board.
Australian company A-Cap Resources (ASX:ACB) is a step further to developing Botswana's first uranium mine, after the government approved its environmental impact statement (EIA).
Current strategy director Bruce Cleaver will replace Philippe Mellier, who held the position for five years.
The company will seek a court order to stop the strike, which is already affecting output.
Mauritanian workers complain that there is a major gap between their salaries and Canadian expats working for Kinross.
Diamond miners have found the remains of a Portuguese ship that disappeared on its way to India laden with gold and other treasure, almost 500 years ago.
According to a recent survey by Timetric’s Mining Intelligence Centre (MIC), GEOVIA’s Surpac has come out as the most widely used mining software across African mines, followed by Datamine and Hexagon Mining’s MineSight.
For competitors S11D is a four-letter word.
Mining companies are required, by law, to have abatement plans in place to deal with all kinds of waste.
If all central banks were to hold at least 5% of forex reserves in gold (versus 60%+ in rich economies) it would require the purchase of almost 8,000 tonnes
The government will pay for two-thirds of the cost by collecting money from mining companies through a new environmental levy.
The Canadian miner strongly refutes accusations of human rights abuses and illegal operations at its South African project made by the NGO.
Special diamond recoveries continue at E46 as mining resumes at Mining Block 6 post the wet season