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.
Africa Mining News
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.
Mali's government has granted Randgold Resources a 50% corporate tax reduction for the next 4 years at its Gounkoto mine.
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.
Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.
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.
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.
The 11.88-carat diamond was recovered from the North zone of the Mothae diamond 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.
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.
The gem was sold on tender for $11,267 per carat.
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.
South Africa's President Cyril Ramaphosa on investment drive.
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.
Hundreds of South African gold mine workers were rescued and over 100 treated for smoke inhalation after an underground fire.
Platinum’s near the lowest in a decade and hedge funds have never been so bearish -- and that could be good news for prices.
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 Titanium posts record quarterly production of the mineral rutile in Kenya.
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.
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.
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.
The iron-ore mining company is introducing a targeted dividend ratio policy of 50 to 75% of headline earnings.
Output will continue to shrink as miners chase ever-deeper ore bodies while struggling to keep costs down.
South Africa's Harmony Gold said on Monday annual bullion production for 2018 has exceeded its guidance, boosted by its Moab Khotsong operation.
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.