Africa Mining News

2016 metals, mining outlook darkens

World Bank revises down growth rate for commodity exporting countries to just 0.4%, predicts 15% decline in metal prices this year.

Top miners squandered $200 billion during boom

Capital spending by the world's largest miners since 2010 amounted to $632 billion – 32% of which has now been written off says new report.

Diamond exports ban lifted from Central African Republic

Decision comes three years after the country’s gems were found to be funding armed groups in an inter-religious conflict and placed under embargo.

Commodities storming back into bull market

Most analysts believe the commodities market has turned a corner and that prices are unlikely to return to lows seen in the past year.

$67 million raised for Mali gold project

Confidence about a prospective gold mine in Mali got a significant boost, after the company behind the project raised US$67 million to go toward construction.

Tutankhamun had a dagger made of iron from meteorite

Scientists say the high manufacturing quality of the blade in comparison with other simple-shaped artefacts suggests a significant mastery of iron working in the Egyptian boy king's time.

South African gold miners to appeal silicosis ruling

They will dispute the country's High Court decision last month to allow a class action suit seeking damages for up to half a million miners who contracted silicosis and tuberculosis.

Nevsun shares jump on Eritrean drilling results

$11 million regional drilling program defining Bisha camp in east Africa as a world-class multi-deposit volcanogenic massive sulphide district.

Iron ore price rout accelerates

CHARTS: Down 26% in a month the forward curve now points to the low $30s.

Randgold’s Bristow sets off on another epic bike ride for Africa’s poor

Randgold Resources chief executive Mark Bristow is on a fund-raising motorbike safari, which will take him from east to west across mid-Africa.

The big, the deep and the just plain crazy — mining and drilling facts and feats

It’s only when something crazy happens that we normal folk start to take notice, which has given mining something of a reputation with most people.

Petra Diamonds announces directorate and senior management changes

Board and Senior Management changes, effective 30 June 2016

Sierra Leone grants preliminary OK to Stellar Diamonds Tongo mine

The West Africa-focused firm said it was verbally informed of the approval by the country's Minerals Advisory Board.

Botswana's first uranium mine gets environmental nod

Australian company A-Cap Resources (ASX:ACB) is a step further to developing Botswana's first uranium mine, after the government approved its environmental impact statement (EIA).

Anglo American’s De Beers gets a new CEO

Current strategy director Bruce Cleaver will replace Philippe Mellier, who held the position for five years.

Sibanye’s platinum mine workers begin indefinite strike

The company will seek a court order to stop the strike, which is already affecting output.

Kinross Gold workers strike at Tasiast mine in Mauritania, shares plummet

Mauritanian workers complain that there is a major gap between their salaries and Canadian expats working for Kinross.

Long-lost ship found in Namibian desert — with gold aboard

Diamond miners have found the remains of a Portuguese ship that disappeared on its way to India laden with gold and other treasure, almost 500 years ago.

GEOVIA identified as leading software provider for African miners

According to a recent survey by Timetric’s Mining Intelligence Centre (MIC), GEOVIA’s Surpac has come out as the most widely used mining software across African mines, followed by Datamine and Hexagon Mining’s MineSight.

Vale readies for iron ore price war

For competitors S11D is a four-letter word.

No waste, no fuss for the mining industry

Mining companies are required, by law, to have abatement plans in place to deal with all kinds of waste.

Harvard, IMF economist: Emerging markets must go for gold

If all central banks were to hold at least 5% of forex reserves in gold (versus 60%+ in rich economies) it would require the purchase of almost 8,000 tonnes

South African miners to pay 67% of acid drainage clean-up costs

The government will pay for two-thirds of the cost by collecting money from mining companies through a new environmental levy.

Ivanhoe Mines condemns promotion of false and dishonest claims by Mining Watch Canada

The Canadian miner strongly refutes accusations of human rights abuses and illegal operations at its South African project made by the NGO.

Lulo diamonds sell for A$2.9 million

Special diamond recoveries continue at E46 as mining resumes at Mining Block 6 post the wet season