Africa Mining News

South Africa's manufacturing, mining output disappoint as economy limps

Official figures released on Thursday signall a bad start for the second half of the year with business confidence at its lowest in more than three decades.

Tanzania kicks off probe into Petra Diamonds contract, orders officials to resign

President John Magufuli has asked for a review of a local contract belonging to Petra Diamonds and ordered senior officials to resign over the outcome of a probe into the diamond and tanzanite sector.

Gold miner Acacia buys put options at $1,300 per ounce

Acacia Mining, which is scaling back operations to cut losses and settle a dispute with the Tanzanian government, has spent $3.2 million on options to sell 210,000 ounces of its gold output at $1,300 per ounce.

China to loan Guinea $20B to secure aluminium ore

China agreed on Wednesday to loan Guinea $20 billion over almost 20 years in exchange for concessions on bauxite, an ore of aluminium which the West African country has in abundance, the mines minister said.

Platinum price pressured as market moves into oversupply

A rise in refined supply (despite a 9% dip in mine-level output) and a drop in automotive and industrial demand erases Q1's 305,000-ounce deficit.

Acacia pulls back from major gold mine in Tanzania

“The decision was driven by unsustainable cash outflows at the mine due to the concentrate ban and the operating environment,” company officials said in a statement.

Zimbabwe completes gold mining probe

Deputy Minister of Mines and Mining Development, Fred Moyo, said that his team looked into production and trading circles

BacTech Environmental: “Green Gold” processing technology addresses artisanal mining and ARD problems

Every year millions of small-scale miners toil in the baking sun, collecting and breaking rocks with the goal of extracting small amounts of gold - enough to make a living in some of the most impoverished corners of the world.

Canada’s Trevali among world’s top zinc producers with Glencore mines buy

Acquisition makes of the Canadian miner one of the few multi-asset, low-cost global zinc producers.

Bodies of last missing miners recovered from Harmony mine in South Africa

Death toll has risen to five after a tremor rocked the firm's Kusasalethu mine last week.

ADU 2017 Conference: Panellists Confirmed

The panel will be held on Thursday 7th September.

Zambia's CEC to restore full power to Glencore's Mopani Copper Mines

Zambian electricity utility Copperbelt Energy Corporation (CEC) and Glencore's Mopani Copper Mines have reached an agreement to restore full power supply to the mine from Wednesday, the president's office said on Wednesday.

Sibanye halts divvy for first time as it swings to loss

The miner, South Africa’s largest gold producer, said that in the absence of a dividend, it’ll give investors two new shares for every 100 held.

Third trapped miner dies at Harmony Gold South Africa mine

Two more remain missing after they were trapped underground following an earth tremor last week.

Caterpillar to build solar power plant for B2Gold Otjikoto mine in Namibia

The Canadian gold miner chose Caterpillar and Barloworld for 7 MW solar power installation at Otjikoto mine in Namibia.

Tremor kills 2 at Harmony Gold mine

Two miners have been killed in an underground mine collapse in South Africa caused by an earth tremor.

Five miners trapped after earth tremor at S.Africa's Harmony gold mine

Rescue teams have been working to find the workers since the incident occurred at about 10.30 a.m. local time at its Kusasalethu mine near Cartonville, west of commercial hub Johannesburg.

Glencore's Zambian unit says investments at risk due to power issues

Power has been restricted due to a dispute over new, higher tariffs.

Congo H1 copper output up 15%, inflation to hit 52%-cbank

Copper output in Congo, Africa's top producer of the metal, rose 15 percent year-on-year in the first half of 2017 to more than half a million tonnes, and cobalt production surged 27 percent to almost 40,000 tonnes, the central bank said.

Eager for red-hot cobalt gains, investors think small

Prices for cobalt, a key ingredient in lithium-ion batteries for electric vehicles, have spiked 83 percent this year.

South Africa welcomes Tegeta coal mine sale by Oakbay

South Africa's government welcomes the sale to a Swiss-based firm for $225 million, citing the jobs the sale could save, the department of mineral resources said on Wednesday.

Glencore's Zambian unit may shed 4,700 workers on power shortages

Mopani Copper Mines, Glencore's Zambian unit, said on Tuesday it may lay off nearly 5,000 workers due to a dispute with its electricity supplier over prices that has led to reduced power supply to its […]

Costs related to layoffs, lawsuit, take toll on AngloGold results

The miner, Africa's biggest gold producer, reported a loss of $176 million in the six months to June 30, compared to a profit of $52 million in the same period last year.

AngloGold Ashanti revives plans to spin off South Africa mines – Reuters

Should the spinoff happen, AngloGold would be the latest miner to reduce exposure to South Africa, where political instability, controversial new mining rules and a stronger rand have made it less attractive to operate.

Zimbabwe tightens screws on miners' export earnings in forex crunch

The country's Reserve Bank has ordered platinum and chrome miners to surrender 80 percent of their export earnings to the central bank as the country struggles to contain a crippling dollar note shortage.