Africa Mining News

Canada's Nevsun defends itself against abuse allegations in Eritrea

Should foreigners who allege human rights abuses against a Canadian company operating in a foreign land have their case heard in a Canadian court?

Rick Mills: How to profit from the demands of a growing world population

As the world prepares to house, feed and care for 9.7 billion people, Ahead of the Herd founder Rick Mills is looking for the companies that will profit from the silent tsunami of demand creeping up on resource and healthcare providers.

Randgold's Tongon mine to build on benefits of capital projects

Randgold Resources chief executive Mark Bristow said the mine’s expansion and upgrade projects had now been completed.

De Beers lowers diamond prices to boost sales

In a fresh attempt to counter weakening demand, the diamond giant is said to have cut prices by as much as 7% at the Jan. 18 sale.

Apple, Sony, Samsung linked to child labour claims in cobalt mines

Consumer products sold across the globe could contain traces of the metal produced by informal Congolese mines, who employ children as young as seven, says Amnesty International.

Booming Kibali boosts exploration investment in DRC

Randgold Resources has expanded its operations in Congo following the success of the Kibali gold mine, which will lead to the miner exceeding its full year production guidance for the mine in 2015.

INFOGRAPHIC: Visualizing the flow of oil around the world

Every day, 93 million barrels of oil are consumed by the world economy.

World's two biggest miners expected to cut dividend

Already beset by plummeting metal prices, BHP Billiton and Rio Tinto now face a new challenge – preparing their shareholders for sharply lower dividends.

South32 mulls acquisition of Anglo’s $1bn business in Brazil

Company is said to have sent out requests to investment banks as it seeks to hire an adviser to assist in the bidding process for Anglo American's niobium and phosphate business in Brazil.

INFOGRAPHIC: Animation – the most populous countries in the world, over 100 years

Today's animation shows how the world's most populous countries will change over the coming years.

Chile mulls scrapping copper funding for military

Codelco chairman, Oscar Landerretche, wants the government to scrap the country’s Copper Law, which forces the firm to give 10% of its annual export revenue to the Armed Forces.

Anglo American officially out of the Middle East

The miner has finally completed the sale of assets from its Tarmac joint venture to a subsidiary of French engineering and construction group Bouygues.

Endeavour Mining leaves the ASX, shares plummet

It said the move reduces its administrative, compliance and legal expenses, which could no longer be justified given the low levels of trading on the ASX relative to Endeavour’s TSX listing.

Copper prices falling like it's 2009

The fresh collapse dragged main producers down, with BHP Billiton, the world’s largest miner, hitting a decade-low.

Political risk seen on the rise in these key mining markets

Major commodity-producing countries are set to remain under intense finance strain in 2016, which will increase the risk of social unrest, says Verisk Maplecroft.

Anglo American teeters on the brink

Fresh selloff brings year loss to 80%. Outside metal prices rebounding (aka divine intervention) and barring extending a begging bowl, what will save Anglo?

Iron ore prices to fall back into the $30s — Citi

Prices fell Thursday for a second consecutive session. According to Metal Bulletin, the spot price for benchmark 62% fines dropped by 0.46%, or 20 cents, to $42.91 a tonne.

Centamin ups 2016 production target for its gold mine in Egypt

The miner is one the very few bullion miners to have performed well during one of the most difficult markets conditions affecting gold producers in decades.

Private capital won't touch mining

Only 0.6% of private capital raised in 2015 for natural resource investment is for mining projects–one wind farm fund attracted more than the entire sector.

Iron ore price 16% rally off decade low comes to abrupt halt

Hopes pinned on Big 4 to exercise their "unprecedented pricing power".

Banro announces US$98.75 million financing with Resource FinanceWorks

Includes a a gold streaming transaction relating to the Twangiza mine.

Dominion Diamond shareholders revolt, call for changes

Investors have publicly called on the company’s independent directors to deal with the “misguided policies and missed opportunities” that have hurt their investment.

Millions of people being contaminated with toxic mercury used in mines

The largely unregulated use of mercury has created a major worldwide environmental hazard.

The world's 10 driest mines

Average annual precipitation at many of these mines is zero.

Sudans new gold rush: miners risk their lives in search of riches

With the economy in tatters, the government has opened the country to prospectors operating without regulations or oversight.