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..
Africa Mining News
Toronto miner has first dibs on controlling share of Tenke Fungurume which if contemplated expansion goes ahead would catapult mine into global top 5.
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 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.
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 Gold has been looking for new assets to meet its goal of increasing production to 1.5 million ounces over the next three years.
Operational challenges and regulatory uncertainty in the region will keep a lead on its resources sector until at least 2020, says BMI research.
The company now has until Sept. 29 to bid on Freeport-McMoRan Inc's stake in the Tenke Fungurume copper and cobalt mine.
Montreal-based producer expects to produce more than 400,000 ounces by 2019.
Ashanti can acquire 75% of Goldplat’s majority stake in the Anumso gold project in Ghana.
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.
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.
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.
S11D is the most recognized four letter word in the iron ore world.
"China’s steel use will also reflect its maturing economic structure and consumerization."
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.
Two companies have partnered to use near field communication (NFC) — best known for enabling mobile payments— for tacking a diamond's history.
Anglo American Platinum forced to stockpile concentrate and shut down smelter in South Africa responsible for one fifth of its refined platinum output.
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.
South Africa is believed to have approximately 6,000 abandoned mines and between 8,000 and 30,000 illegal miners across the country.
Tango Mining couldn't raise $8 million to acquire Firestone's past producing diamond mine in time.
The world's most expensive rough diamond is now in the hands of De Grisogono, a Swiss luxury jeweller and watch maker.
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.
Study predicts fifth year of growing deficits and halving of above ground stocks as strikes in top producer South Africa loom.
PGMs down nearly 10% and manganese production down 24%.