Africa Mining News

Botswana Diamonds to buy BCL's stake in exploration project

BCL mine group, which has been under liquidation since 2016, is selling its 51 percent stake in Maibwe Diamonds for an undisclosed amount.

Cupric Canyon to start construction of Botswana copper mine in October

Sparsely-populated Botswana is the world's top diamond producer by value.

Sibanye CEO says seismic events a fact of life for South Africa mines

Sibanye has faced strong criticism from unions, local media and the government after the earthquake at its Driefontein gold mine that killed the miners.

Congo mining regulations to be signed into law on Friday — mines minister

Congo's prime minister wants to immediately implement the new mining code without any concessions to industry demands that key provisions be amended.

South Africa scraps plan for mining community development levy

Mining companies would have have to contribute 1 percent of their annual turnover to a new community development agency.

Impala Platinum gives Zimbabwe almost half of its mining land

The miner's Zimbabwean subsidiary, Zimplats, has released 23,903 hectares of its mining claims to the government.

Botswana Diamonds grabs rights for ‘high potential’ S. African prospect

Area is close to the Venetia mine, operated by De Beers, which delivers around 40% of South Africa’s annual diamond production.

South Africa's Harmony raises $82 mln via share sale

The South African company, which competes with AngloGold , Gold Fields and Sibanye-Stillwater at home, sold 55 million new shares, or 15 percent stake, at 19.12 rand each, an 11.7 percent discount to the closing price on Tuesday.

Angola eases controls over diamond sector, to double output in four years

President Joao Lourenço said changes aim at attracting more investment, increasing production and securing higher government revenue.

South Africa's economy contracts most in nine years on mines

The South African Reserve Bank forecasts the economy will expand 1.7 percent this year in 2019 and 2 percent in 2020.

South Africa's Harmony Gold says to sell up to $99 mln of new shares

The proceeds will be used to used to pay down part of Harmony Gold's outstanding $150 million bridge loan for the Moab Khotsong mine.

B2Gold opens major new solar farm at its Namibia mine

The plant is expected to improve B2Gold’s economic returns, reduce impacts on the environment and become a potential funding source for community development.

Cobalt thrifting in EV batteries won’t dent price any time soon

Even best-case, mass early roll-out of new cobalt-light batteries won’t solve cobalt supply issues says new report.

Cobalt price: Congo production surges

Top supplier of battery raw material ups output 34% year on year.

Zimbabwe removes requirement for foreign mines to list locally

Mines Minister Winston Chitando had last month promised to remove the requirements, which he said caused panic among foreign mining firms.

Congo court rejects Glencore bid to move copper dissolution case

The decision is a setback for the Swiss commodity trader, which is facing multiple disputes in the central African nation.

Online auction sees Botswana gem mine sold for $8.1m

The mine has probable reserves of 5 million tons at a grade of 31 carats per 100 tons and inferred resources of 10.3 million tons at 31 carats per 100 tons.

Tharisa may join $4.2bn Zimbabwe platinum project

Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the mine.

South Africa's Sibanye explores debt-cutting options

Sibanye had net debt of 23.7 billion rand ($1.9 billion) at the end of December.

Emeralds and rubies producer Fura Gems changes look

The company, which began operations a year ago, said the move seeks to strengthen its communication with key stake holders and consumers.

Ghana gold miners say welcome new government export tests

Gold mining giants in Ghana such as Newmont, Gold Fields and AngloGold Ashanti welcome new government tests to certify the value of their exports.

Miners threaten Congo with legal action over mining code

Regulations to implement the new code are due to be signed into law next week.

Gold Fields to set aside acquisitions, sees industry costs rising — CEO

The South African gold producer is setting aside pursuit of new acquisitions for a year as it focuses on its existing operations and nearby prospects instead, the bullion producer's chief executive told Reuters late on Tuesday.

Here’s what miners are getting wrong when it comes to digital transformation

While the global mining industry is quickly becoming more digitally mature, that transformation continues to focus on productivity and profitability, rather than on much needed innovation, a new study shows.

Ivorian miner seeks $375m bauxite venture with Sumitomo

Neighboring Guinea is now China’s largest supplier of bauxite after overtaking Australia in 2017.