Africa Mining News

Is this the most undervalued uranium player in the world?

Talking top value amid low uranium prices, Daniel Major gets to the crux of his pitch for GoviEx, the uranium developer he leads.

De Beers Canada moves from Toronto to Calgary

The move comes as the company readies to open what it calls the world’s biggest diamond mine currently under construction.

A uranium major @ 95% off? GoviEx story turning heads

Talking top value amid low uranium prices, Daniel Major gets to the crux of his pitch for GoviEx, the uranium developer he leads.

Illegal gold trade in Congo still benefiting armed groups, foreign companies

Illegally acquired and exported gold from the mineral-rich eastern Congo keeps filling the pockets of some foreign companies as well as armed groups, a new report shows.

Iron ore surges past $55 as Rio Tinto exits Simandou

The price increase comes as iron ore major Rio Tinto decided to put its Simandou project in Guinea on ice due to the iron ore glut that is keeping a lid on prices.

Global mining equipment market to reach $156 billion by 2022 — report

Product launch and acquisition are the key growth strategies adopted by the leading market players, such as Caterpillar and Komatsu, to strengthen their foothold in the market.

Petra sells 121.2- carat diamond for $6 million

It was found at Petra's Cullinan mine in South Africa, which has yielded several massive gems, including the largest rough gem diamond ever discovered.

Botswana’s economy needs more than diamonds to shine

The history of the diamond industry in Africa has been fraught with worker exploitation, environmental destruction, government corruption and squandering of revenues.

Endeavour holds groundbreaking ceremony to mark the start of Hounde construction with President of Burkina Faso

The ceremony celebrated an important milestone for both Endeavour and the government of Burkina Faso, as Hounde is expected to become the Company's flagship low-cost mine and a prominent mine within the country.

AngloGold investing $400 million in Guinea

World's number three producer owns the 300,000 ounce per year Siguiri mine in the west African country.

Despite the hype world’s second-largest diamond ever found fails to sell

Canada's Lucara Diamond, the company that found the massive gem, said it will keep it as bids fell short of the minimum reserve price.

KP Chair visits Angola and South Africa

Part of his continuing Africa Initiative.

Kinross eyes expansions at its new gold mines in Nevada

Kinross, which operates two mines in Russia and also owns the problem-plagued Tasiast operation in Mauritania, seeks to strengthen its portfolio in North America.

World’s largest diamond found in 100 years goes under the hammer

CEO of Lucara Diamond, the company that found it, is urging the potential buyer to leave it untouched.

Brexit double whammy great for these gold miners

Moody's says AngloGold Ashanti, Gold Fields will start spewing cash as gold price rise and currency falls combine – for Anglogold it's an extra $20m a month.

Gemfields Unveils: Ruby Inspired Stories

Gemfields is proud to unveil ‘Ruby Inspired Stories’, a triptych of films featuring up-and-coming global female talent, each exploring the hidden meaning behind these captivating gemstones.

Brexit: Gold, metals, markets react as Britain chooses to leave the EU

Gold climbs the most in eight years, while copper and oil fall.

China's nuclear war on coal

Beijing's already cut coal miners working hours by 16% and plans to eliminate 500 million tonnes of coal capacity within just 3–5 years.

Sibanye, OceanaGold join the World Gold Council

Sibanye is the largest individual producer of gold in South Africa and one of the 10 largest globally. OceanaGold is a rapidly growing multinational gold producer with assets located in the Philippines, New Zealand and the United States.

South African gold miners to appeal ruling in silicosis case

If the class action goes ahead, it will affect almost every gold mine in South Africa, including their parent companies, covering their conduct over the last 50 years.

The world's 50 most valuable mining companies

Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.

2017 Investing in African Mining Indaba introduces significant price reduction for mining corporates

Registration fees are as much as 50% lower than last year for mining corporates

Petra finds another massive diamond at its Cullinan mine

The 121.26-carat white rock is a Type II diamond "of exceptional colour and clarity," according to Petra.

Bristow fundraising bike ride for Africa's poor passes $2.4 million mark

Randgold Resources chief executive Mark Bristow’s fundraising motorbike safari from the east to west across mid-Africa has so far raised more than $2 million, with a little under half way to go to the end.

Kinross Gold suspends work at Tasiast mine in Mauritania, shares dive

Decision follows the West African country order to expatriates whose work permits were invalid to stop working.