Africa

Vale may settle Simandou lawsuit

Frik Els | December 5, 2014
Vale may settle Simandou lawsuit

Rio Tinto is suing Vale for billions over allegations the Brazilian giant and its former partner illegally acquired the West African iron ore deposit, one of the richest prizes in all of mining.

Harmony Gold cutting jobs at S. African mine to turn around operation

Cecilia Jamasmie | December 2, 2014
Harmony Gold cutting jobs at S. African mine to turn around operation

The company has begun a 60-day consultation with unions at Kusasalethu mine, its largest operation.

Meet South Africa’s 'gold slaves'

Equal Times | December 2, 2014
Over 200 miners trapped underground in illegal South African mine

Illegal gold excavation and scrapping, worth about six billion rands per year (about US$550 million), is today the lifeblood of Johannesburg’s informal economy.

Dr. Elizabeth Adey - Wardell Armstrong

Water, human rights and reputations – managing the impacts of mining projects

Water, human rights, mining projects

What’s the connection between access to water, human rights and mining projects? It’s a complicated area where the vast challenges that lie ahead can only increase as the century progresses.

Mining equipment suppliers need to improve local support in Africa

Suppliers and Equipment Editor | December 1, 2014
Driverless Trucks

Suppliers to the African mining industry need to improve their on-site support and product delivery capabilities, finds new survey by Timetric’s Mining Intelligence Center.

New low in oil prices drags BHP Billiton stock below 2009 levels

Cecilia Jamasmie | December 1, 2014
New low in oil prices drags BHP Billiton stock below 2009 levels

The stock closed in Sydney below the $30 mark, which is the lowest it has traded in the last five years.

African Minerals halts trading, shuts down Sierra Leone assets

Cecilia Jamasmie | December 1, 2014
African Minerals halts trading, shuts down Sierra Leone assets

Iron ore project will remain suspended until the company either releases $102 million in restricted cash or can secure other short term funding.

Burkina Faso: After the gold rush

Toronto Star Online | December 1, 2014
Burkina Faso political upheaval affects Canadian miners’ share prices

Canada is tying foreign aid to overseas mining development. It’s touted as “win-win,” but in Burkina Faso there are already some losers.

Rio Tinto cuts spending, defers capex, keeps dividend

Cecilia Jamasmie | November 28, 2014
Rio Tinto cuts spending, defers capex, keeps dividend

The mining giant said it was committed to giving significantly more money back to shareholders in 2015 despite a severe drop in iron ore prices.

African Barrick is history, changes name to Acacia Mining

Cecilia Jamasmie | November 27, 2014
African Barrick is history, changes name to Acacia Mining

The miner plans underground operations at North Mara and inked a deal that could see it acquire up to 70%of a project in Burkina Faso.

Price fixing lawsuits come to platinum, palladium market

Frik Els | November 26, 2014
Platinum, palladium price-setting technology ‘optimum’ for gold: LME

Goldman, BASF, HSBC and Standard Bank accused of front-running and spoof orders while in charge of the London PGM Fix since 1989.

Analyst: Glasenberg could grab Rio by way of China

Frik Els | November 26, 2014
Analyst: Glasenberg could grab Rio by way of China

By promising top shareholder Chinalco, Rio's stakes in Oyu Tolgoi and Simandou.

Police and protestors clash at Ivanhoe mine in South Africa

Cecilia Jamasmie | November 26, 2014
Police and protestors clash at Ivanhoe mine in South Africa

Locals were protesting the imminent construction of Platreef platinum mine.

When it rains…Iron ore, gold miners the most vulnerable to Ebola risk

Cecilia Jamasmie | November 26, 2014
When it rains…Iron ore, gold miners the most vulnerable to Ebola risk

Report shows there are 39 assets in production within the Ebola-affected region.

Lucapa Diamond soars on 35-year mining licence for Lulo

Cecilia Jamasmie | November 26, 2014
Lucapa Diamond soars on 35-year mining licence for Lulo

The project could prove to be more valuable than the country’s biggest gem producer, Catoca,

Smart oil is cheap oil: Rudolf Hokanson

The Energy Report | November 26, 2014

Even a global economic growth slowdown will not seriously impact the future of the shale oil patch, Rudolf "Rudy" Hokanson tells The Energy Report.

Ivanhoe jumps on exploration results at African mine

Cecilia Jamasmie | November 24, 2014
Ivanhoe jumps on exploration results at African mine

The miner has hit exceptionally high-grade silver, zinc and copper at its Kipushi mine in the DRC.

BHP warns more cost cuts, management shake up before demerger

Cecilia Jamasmie | November 24, 2014
BHP warns more cost cuts, management shake up before demerger

The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.

Vancouver miner faces civil suit alleging 'slave labour' amid takeover rumours

Business in Vancouver | November 21, 2014
Bisha project Nevsun Resources Eritrea

Nevsun Resources faces rumours of $1 billion acquisition and civil suit on same day.

Marin Katusa: winter is coming—how investors can win in the 'Colder War'

The Energy Report | November 20, 2014

Casey Research energy strategist Marin Katusa cautions that Russia and China have forged an alliance with the goal of world supremacy through control of the energy market and Vladimir Putin is winning.

Gold Fields Q3 drops, CEO says most gold miners ‘under water’

Cecilia Jamasmie | November 20, 2014
Gold Fields Q3 drops, CEO says most gold miners ‘under water’

The miner, structured to "break even" at $1,050 per ounce, warned it would have to re-think the business if bullion prices dip below $1,000 and stayed there for a while.

South African miners to tackle lung disease claims

Cecilia Jamasmie | November 18, 2014
South African miners to tackle lung disease claims

They will look at compensation and medical care for workers with occupational lung disease or "silicosis."

Blood diamonds still at Central African mining sector’s heart

Cecilia Jamasmie | November 18, 2014
Blood diamonds still at Central Africa mining sector’s heart

A year after an export ban on raw gems in the country, reports show its diamonds are being sold to traders from Sudan to Belgium.

Iron ore price crashes 4%

Frik Els | November 18, 2014
Iron ore price crashes 4%

Drops to June 2009 levels on the way to $70 a tonne after Chinese house prices fall for sixth month in a row.

South Africa mine-killing probe draws to close after 2 years

Bloomberg | November 16, 2014

More than two years after 34 protesters were killed in the deadliest police action in South Africa since the end of apartheid, the state is completing its investigation.

Africa’s hope at Brisbane G20 Summit

Summit

As usual the leaders of the G20 countries will be deliberating on issues that will have ramifications for not only their respective economies but also the rest of the world, including those who will not be represented at the deliberations.

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