Africa Mining News

Barrick Gold prepping sale of Zambian copper mine in H2

The world's second largest bullion miner is preparing its Zambian copper mine Lumwana for sale in the second half of 2019, looking to target Chinese buyers.

South Africa's Kumba Iron Ore sees higher H1 headline profit

The company said on Tuesday first-half headline earnings is expected to rise at least 160%, boosted by higher iron ore export prices and a weaker rand/US dollar exchange rate.

White Metal to purchase four copper properties in Namibia

The licenses the miner is acquiring cover historical copper-silver resources in the Kalahari Copper Belt and the Kaoko Belt.

Petra Diamonds fetches $15m for 425-carat legacy diamond

The exceptional D colour Type IIa gem was recovered in March from the company’s iconic Cullinan mine, the same that yielded the biggest diamond ever in 1905.

South Africa's golden age is dead. Good riddance — opinion

The gold mining industry that built South Africa and produced about half of the yellow metal that’s ever been dug up seems now to be in terminal decline.

Zimbabwe faces worst power cuts in 3 years, mines hit

The power cuts started on Monday and would last up to eight hours during morning and evening peak periods.

B2Gold to produce 5m ounces of gold at Mali mine after $50m expansion

Average annual gold output would increase to more than 550,000 ounces in the five-year period 2020 – 2024, and over 400,000 ounces during the remaining seven years.

South Africa's competition court to rule on Sibanye and Lonmin merger

The Association of Mineworkers and Construction Union (AMCU) lodged its appeal in protest against job cuts related to the deal.

Lonmin says delays in Sibanye-Stillwater deal to hurt sales

The London-based company, which operates in South Africa, said total platinum production tumbled 10.3% to 276,020 ounces for the six months ended March 31.

Glencore's Zambian unit to close two shafts

Zambia's Mopani Copper Mines Plc plans to close two shafts and focus on essential capital projects, the Glencore-owned company said on Friday.

Acacia Mining hits back at parent Barrick in Tanzania row

Acacia Mining on Thursday hit back at parent company Barrick Gold Corp's allegation the miner was an obstacle to solving a long-running tax row in Tanzania.

Race for AngloGold assets may pit Sibanye against rival Harmony

Sibanye faces competition from two rivals if it wants to buy South African gold mining assets that AngloGold Ashanti Ltd. plans to sell.

South African gold output extends biggest drop in a decade

South African gold production shrank for an 18th straight month in March, extending the longest run of contractions since the financial crisis.

Acacia seeks clarification on North Mara dispute, production jumps

Acacia Mining saw a surge in gold production in April thanks chiefly to a 54% rise in output from its disputed North Mara gold mine in Tanzania.

AngloGold plans to sell last South Africa mine as era closes

AngloGold announced on Thursday that it’s in the early stages of a sales process for Mponeng, the world’s deepest mine and its last underground operation in South Africa.

Avesoro boosts reserves at Youga mine in Burkina Faso

The company has increased the mineral reserves at its Youga gold mine by 23% – extending the mine life by an additional four years to 2031.

Wimmer Financial in talks to acquire $200m lithium plant in Zimbabwe

The demand for certain natural resources found in Africa play a key role in electric products.

Barrick Gold to sell $1.5B in assets, but open to acquisitions

The goal is for the sale process to be well advanced by mid-2020.

Newmont Goldcorp to account for over 7% of global gold output this year

The world’s largest gold producer by market value, output and reserves, is expected to churn out 8.4 million ounces of the precious metal in 2019.

Gold miners continue to cut costs, up production and finally – raise more money

Gold mining industry entered 2019 in much better shape.

Zambia's finance minister says tax reforms needed to cut debt

The proposed tax change in Africa's second biggest copper producing nation has upset the mining community.

30-year study shows dramatic drop in infant mortality near sub-Sahara gold mines

The mortality rate drops during the investment of large-scale gold mining and continues to fall following the mine opening, the research finds.

Miners in Congo face subcontracting limits under new rules

The new mining code that Congo passed last year confirmed that subcontracting in the mining industry will be limited to companies of which the majority of capital is held by Congolese.

Cache Exploration buys gold project in Mali

The Vancouver-based company signed a definitive agreement with private vendor Rachid Mogabgab.

RANKED: Top 10 lowest cost gold mines on the globe

Barrick's South Arturo loses top spot, two other Barrick mines dropped from top 10 ranking.