Africa Mining News

Congo leader mulls possible successors in private meetings

Democratic Republic of Congo President Joseph Kabila is meeting members of his ruling coalition to discuss who will be its candidate in presidential elections this year.

Replenishing economic diamond resources, a daunting task for miners

Given that most of the high-economic diamond deposits in the world have already been put into production, diluted via expansion, or depleted, going forward the economics of diamond mines will inevitably gravitate towards higher-cost, lower-value operations.

Randgold Resources' Mali mine granted four-year, 50% tax concession

Mali's government has granted Randgold Resources a 50% corporate tax reduction for the next 4 years at its Gounkoto mine.

Killed Russian journalists said to have been working on story involving mining in CAR

They were said to be investigating a private Russian security company operating in CAR as well as Russia’s interests in the local diamond, gold and uranium sectors.

Rio Tinto down despite $7.2bn cash return to investors

Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.

Glencore’s cobalt output up by almost a third thanks to Congo mines

Glencore is the world’s No. 1 cobalt miner, while Congo is the largest producer of the key component for batteries that power electric vehicles.

De Beers ready to begin South Africa’s Voorspoed mine closure

The failed plan was to find an operator with a lower cost structure or a different mining approach that would be able to take over and extend Voorspoed’s life.

Lucapa’s mine in Lesotho continues to yield special diamonds

The 11.88-carat diamond was recovered from the North zone of the Mothae diamond mine.

Fate of South African gold rests on giant, loss-making mine

The South Deep mine was built to target the world’s second-biggest known body of gold-bearing ore, a deposit that could produce for the next 70 years.

Randgold to revise full-year forecast as readies Tongon mine for restart

As a result of the latest stoppage at the Ivory Coast mine and the time it will take to bring it back on line and at full tilt, Randgold will have to review its 290,000-ounce gold output forecast for the year.

South African diamond fetches half a million dollars

The gem was sold on tender for $11,267 per carat.

Indian billionaire Anil Agarwal's moves on Anglo

Billionaire Anil Agarwal in July said he planned to offer around $1 billion to take London-listed Vedanta Resources Plc private, a move that has rekindled speculation his ultimate aim is a deal with miner Anglo-American.

Chinese investors plan $10 bn metallurgical complex in South Africa

South Africa's President Cyril Ramaphosa on investment drive.

Rainbow Rare Earths reports 180% increase in concentrate sold from previous quarter

Rainbow, the rare earth element mining company, is pleased to announce an operations update from its Gakara Project in Burundi ('Gakara') for the three months to 30 June 2018.

More than 100 South African gold miners treated for smoke inhalation

Hundreds of South African gold mine workers were rescued and over 100 treated for smoke inhalation after an underground fire.

Platinum's worst may soon be over despite record bearish bet

Platinum’s near the lowest in a decade and hedge funds have never been so bearish -- and that could be good news for prices.

3 ways to continue mining's journey toward sustainability

Despite the fact that sustainable mining practices have been a concern for more than 50 years, they are now more important than ever and technology will be the driving force behind the effivient and sustainable delivery of raw materials.

Base Resources posts record quarterly rutile production in Kenya

Base Titanium posts record quarterly production of the mineral rutile in Kenya.

South African gold producers urge unions to narrow demands as third set of wage talks fail

Four companies are negotiating - Sibanye-Stillwater , Harmony Gold, AngloGold Ashanti and a smaller producer, Village Main Reef- under the auspices of the Minerals Council South Africa industry group.

Wheaton closes streaming deal with gold miner Sibanye

The Canadian streaming firm has bought all of Stillwater's gold production for the life of the mine and, initially, also 4.5% of its total palladium output.

Kibali gold mine aims at record output after underground ramp-up

DRC's Kibali is moving from underground mining by contractors to owner-mining, as has already happened at the company’s Loulo mines in Mali.

Kumba brings in targeted dividend policy, flags SA rail issues

The iron-ore mining company is introducing a targeted dividend ratio policy of 50 to 75% of headline earnings.

AngloGold says there's no escaping demise of South African gold

Output will continue to shrink as miners chase ever-deeper ore bodies while struggling to keep costs down.

South Africa's Harmony says FY output exceeds guidance

South Africa's Harmony Gold said on Monday annual bullion production for 2018 has exceeded its guidance, boosted by its Moab Khotsong operation.

Petra shares drop after it cuts 2019 diamond production forecast

The miner said it expects to produce 4.6 million to 4.8 million carats in 2019, well below the 5.0-5.3 million carats it forecast in July last year.