Africa Mining News

Iron ore price drops below $60

Down 9% since Monday as Chinese speculators pull out and Rio Tinto CEO warns of oversupply.

The state of the global diamond industry going into summer 2016

As April 2016 concludes, the diamond industry has without question improved relative to a year ago, however, current industry data and commentary paints a mixed picture as to whether market fundamentals have in fact stabilized […]

Sibanye Gold wants more platinum assets, but also eying base metals, coal, uranium

Despite the collapse in platinum prices last year, chief executive Neal Froneman is confident that the sector has turned a corner.

Mapped: The global coal trade

The global coal trade doubled in the decade to 2012 as a boom took hold in Asia. Now, the coal trade seems to have stalled or even gone into reverse.

Along South Africa's east coast, locals take on mining industry

A 14-mile stretch of sand dunes along South Africa's breathtaking east coast is the battleground between big mining interests and the local community.

Copper proves a rocky road for Zambia

The town of Luanshya, situated on Zambia’s copperbelt, serves as a bellwether for the country’s economy.

Operational ‘wrinkles’ take shine off Randgold’s results

The miner slid the most in four years after reporting first-quarter gold production fell 11% due to operational problems at Kibali and Tongon mines.

Metso to provide crushing-screening plant and life cycle services to Tata Steel's Sedibeng iron ore mine in South Africa

The delivery includes a five-year Life Cycle Services contract, which will bring Sedibeng increased production capacity and reliability while reducing production costs.

Diamonds add sparkle to Anglo's improving outlook

Moody's praises higher than expected valuation for the sale of the niobium, phosphate businesses and improving prospects for the global diamond market.

INFOGRAPHIC: The riskiest places to live

Risk, from a mathematical perspective, is the probability of an event multiplied by its potential impact.

Top Diamond Producers Invited to Take Part in World Diamond Congress in Dubai

The Congress, to take place in Dubai from May 16 to 19, will address the issue of 'Transparency, Responsibility, Sustainability in Producing Countries' on the morning of May 19, with representatives of global producers participating in a panel discussion.

RBC wants over $7 million for job they didn’t do: Crew Gold

Canada's biggest bank is suing former client Crew Gold over a fee the lender claims it should have been paid by the mining company.

Chile's cheerless outlook for copper price

Top global producer sees surplus this year and next as mines pump out more metal and predicts decline in copper price from today's levels through 2017.

Egypt explorers hunt gold in the desert, following ancients

Essential for ancient artifacts like the famed burial mask of Tutankhamun, gold has been mined in Egypt for millennia.

Roxgold's Burkina mine just got a whole lot richer

Shares in Toronto junior up sharply after adding 220,000oz to ultra high-grade Yaramoko project in West Africa expected to pour first gold in June.

Saudi Arabia releases ambitious plan to diversify economy

The "Vision for the Kingdom of Saudi Arabia" could radically transform Saudi Aramco, the Saudi economy, and the country's social structure.

Global oil supply could face 4.5 million barrels shortfall — Wood Mackenzie

Current oil oversupply could reverse within 20 years as low oil prices have forced pricers to slash spending on exploration and production, a report by Wood Mackenzie shows.

Emerging trends in the mining industry

Despite the dilemmas in recent years, which continue to persist, emerging trends in the mining industry may offer solutions — or at least opportunities for improvement industry-wide.

Power cuts weigh on Randgold’s Ivory Coast mine output

Energy supply issues also hurt equipment at the miner's Tongon gold operation in the first three months of this year.

Miners spending again: $50 billion capex in five months

Confidence returns to mining sector as announced capital outlays surge to $108 billion – greenfield project spending up three-fold in first quarter.

CAT sales latest sign of mining improvement

World's number one heavy equipment manufacturer arrests sales decline in March.

Anglo shareholders revolt against Cutifani’s $4.9 million pay

Full voting results will be released on Friday.

Security threats unable to take shine off Mali gold

Mali upgraded in March its estimated reserves by a third to around 800 tonnes, which should ensure continued production for at least the next 15 years.[

Sibanye to invest $250 million in its gold mines, keeps shopping for new assets

Sibanye is not exclusively looking at buying gold assets; it is also considering platinum, coal, uranium and base metals mines.

Kibali shines in record year for Randgold Resources

Kinshasa, the Kibali gold mine in the Democratic Republic of Congo was the star performer in Randgold’s portfolio of operations in 2015, exceeding its target by 7% to contribute 642 720 ounces to the group’s record production for the year.