Africa Mining News

South Africa reels under illegal mining

Illegal mining in South Africa is on the increase in the face of deteriorating economic situation in that mineral-rich country, according to reliable sources..

Lundin's agonizing Congo decision

Toronto miner has first dibs on controlling share of Tenke Fungurume which if contemplated expansion goes ahead would catapult mine into global top 5.

Nordgold launches Bouly gold heap leach operation in Burkina Faso

According to the Feasibility Study, Bouly’s average annual production will be approximately 120 koz over a life of mine (“LOM”) of 10 years at AISC of US$730 per oz.

Goldplat appoints growth company resource specialist as new Non-Executive Chairman

Goldplat announces that Mr Matthew Robinson will be proposed as a Director at the AGM to be convened for 27 October 2016, and, subject to the approval of shareholders, he will succeed Brian Moritz as Non-Executive Chairman of Goldplat.

Petra Diamond sees shiny 2017 for the global industry

The miner is confident in the long term outlook for the diamond industry and it expects is to be cash flow positive in the second half of the current financial year.

Harmony buys out Newcrest stake in Hidden Valley gold mine

Harmony Gold has been looking for new assets to meet its goal of increasing production to 1.5 million ounces over the next three years.

Here is why the mining sector in sub-Saharan Africa is not ready to shine

Operational challenges and regulatory uncertainty in the region will keep a lead on its resources sector until at least 2020, says BMI research.

Lundin granted second extension on bid for Freeport Congo mine stake

The company now has until Sept. 29 to bid on Freeport-McMoRan Inc's stake in the Tenke Fungurume copper and cobalt mine.

Semafo adding ounces in Burkina Faso

Montreal-based producer expects to produce more than 400,000 ounces by 2019.

Goldplat completes farm-out deal with Ashanti for Ghana gold project

Ashanti can acquire 75% of Goldplat’s majority stake in the Anumso gold project in Ghana.

Millennials gave a $25 billion shot in the arm to the diamond industry last year

De Beers, the world's biggest diamond producer, warns that many of the challenges affecting the industry last year are likely to continue over the next decade.

Despite problems SA still represents half sub-Sahara mining

Value of South Africa's mining industry forecast to contract 11.4% in 2016, followed by years of close to zero growth according to new report.

Endeavour jumps on ‘significant’ discovery at its Cote d'Ivoire gold mine

The Ity mine has produced more than 1.2 million ounces of gold in its over 20 years of operations and Endeavour is working on extending the mine life by at least another 10 years.

Iron ore price: Vale makes boldest oversupply move yet

S11D is the most recognized four letter word in the iron ore world.

One graph all iron ore price bears should see

"China’s steel use will also reflect its maturing economic structure and consumerization."

Industry leaders call on airlines and associations to ban the hand-carriage of gold

Over 130 industry delegates descended on Ghana’s capital Accra on 7 September, to attend DMCC’s second Africa Dubai Precious Metals Forum (‘ADPMF’) held at the Kempinski Hotel.

This new technology could be blood diamonds worst enemy

Two companies have partnered to use near field communication (NFC) — best known for enabling mobile payments— for tacking a diamond's history.

Platinum price boost as top producer shuts down smelter

Anglo American Platinum forced to stockpile concentrate and shut down smelter in South Africa responsible for one fifth of its refined platinum output.

Rapid ramp-up at Roxgold's Yaramoko

Gold output reaches 35,753 ounces at an average mill feed grade of an eye-watering 15.44 g/t gold at the Burkina Faso mine entering commercial production.

Six workers safely rescued from South African abandoned gold mine

South Africa is believed to have approximately 6,000 abandoned mines and between 8,000 and 30,000 illegal miners across the country.

Vancouver diamond junior's Botswana deal falls through

Tango Mining couldn't raise $8 million to acquire Firestone's past producing diamond mine in time.

Swiss jeweller buys rights to $63M Constellation diamond 

The world's most expensive rough diamond is now in the hands of De Grisogono, a Swiss luxury jeweller and watch maker.

As the land dries up, diamond mining companies are turning their sights to the sea

Twelve miles off Namibia’s arid southern coastline, 150 metres below rolling ocean waves, diamond miners are hard at work securing a future for the practice of romancing by stone.

Stars aligning for platinum price

Study predicts fifth year of growing deficits and halving of above ground stocks as strikes in top producer South Africa loom.

South African mining output falls sharply

PGMs down nearly 10% and manganese production down 24%.