Africa

Diamond market grows to record $79 billion

Frik Els | September 18, 2014
Diamond market grows to record $79 billion

But new report by De Beers cautions that declining production could see the industry lose ground to other categories.

Ex-FBI boss hired by trust heading BSGR to run internal probe

Cecilia Jamasmie | September 11, 2014
Ex-FBI boss hired by trust heading BSGR to run internal probe

The internal probe is reportedly focused on claims that BSGR bribed Guinean officials to get lucrative rights over Simandou.

These are the top risks miners face

Cecilia Jamasmie | September 11, 2014
These are the top risks miners face these days

Productivity, followed by capital decisions and obtaining a social license to operate, are among the top risks global mining and metals companies face.

Iron ore price bears come out in force

Frik Els | September 10, 2014
Iron ore price bears come out in force

2014 is the "inflection point" and "until mines close it's a world of $70 prices of iron ore."

Term contract pricing in the diamond market- Paying for supply security

Natural Transactions | September 10, 2014

The essence of a term contract is that the price is being set in the spot market. Now this poses a question for price discovery mechanism – is the spot market an accurate reflection of the total market preferences?

Market design in the rough diamond market – seeing something new

Natural Transactions | September 10, 2014

The game of interaction between buyers and sellers of the diamond market is peculiar and inefficient.

This is the $10 million-plus white diamond just found in South Africa

Cecilia Jamasmie | September 10, 2014
This is the $10 million-plus white diamond just found in South Africa

Analysts predict could fetch between $10 million to $16 million.

AngloGold Ashanti shares plummet on spin off announcement

Cecilia Jamasmie | September 10, 2014
AngloGold shares plummet on spin off announcement

The miner has revealed a major restructuring involving a plan to raise $2.1 billion in a rights issue and spin its international assets into a new London-listed company.

Filipe Martins: African miners that can generate cash flow and dividends

The Mining Report | September 9, 2014
african barrick gold

Low all-in gold cash costs are a good thing, says London-based GMP Securities Analyst Filipe Martins, but they don't tell the whole story.

Business leaders call for greater global support against Ebola outbreak

Cecilia Jamasmie | September 8, 2014
Business leaders call for greater global support against Ebola outbreak

A group of 11 chief executives of firms operating in West Africa have called for more international support to combat the deadly virus.

Goldcorp: We have hit PEAK gold

Frik Els | September 8, 2014
Goldcorp: We have hit PEAK gold

CEO Chuck Jeannes says barring a major technological breakthrough global gold production probably peaked in 2013.

Anglo American chief not going for any major corporate split

Cecilia Jamasmie | September 7, 2014
Anglo American chief not going for any major corporate split

A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.

INFOGRAPHIC: A forecast of when the world's resources will run out

Cecilia Jamasmie | September 7, 2014
INFOGRAPHIC: Here is when the world's resources will run out

Here is one interpretation of how much is left on Earth.

$6m diamond goes missing during labour dispute

Frik Els | September 4, 2014
$6m diamond goes missing during strike

The Namibia Diamond Trading Co, a joint venture with De Beers, lays charge of theft of the 78-carat stone which could be worth up to $6 million.

Ivanhoe transfers 26% of S. Africa’s platinum project to locals

Cecilia Jamasmie | September 4, 2014
Ivanhoe transfer 26% of S. Africa’s platinum project to locals

It has given 20% to 20 local groups, 3% to black entrepreneurs and managerial employees, and another 3% to historically disadvantaged South African staff.

About $50bn in mining investment expected in Guinea by 2025

Cecilia Jamasmie | September 4, 2014
About $50bn in mining investment expected in Guinea by 2025

But some of the nation's resources that are considered among the world’s largest, such as the Simandou iron ore deposit, face both financial and political challenges.

Frik Els

Glasenberg pooh-poohs Anglo takeover

Frik Els | September 3, 2014
Glasenberg pooh-poohs Anglo takeover

There's a history there of course. Just ask Mick Davis.

Tension building up in the global copper market

SNL Metals & Mining | September 3, 2014
copper coils mining

Tension has been a feature of the copper market since the middle of last year but, so far, the net result has generally been stalemate and prices have moved sideways.

Rare earth, other mining projects pile up in northern Europe

Cecilia Jamasmie | September 3, 2014
Rare earth, other mining projects pile up in northern Europe

Vast stretches of northern Europe’s wilderness will soon host more mining companies going ahead with several projects in the area.

Zambia removes tax rules on copper exports, makes refunds easier

Cecilia Jamasmie | September 3, 2014
Zambia removes tax rules on copper exports, makes refunds easier

Rule requiring exporters to produce import certificates from destination countries in order to claim tax refunds will be waived beginning Sept. 8.

PGM roller coaster ride: long way down

Frik Els | September 2, 2014
Palladium price roller coaster ride: long way down

Palladium drops sharply from 13-year highs. Sister metal platinum close to wiping out 2014 gains.

Gem Diamonds: no impact on Letseng from Lesotho crisis

Frik Els | September 1, 2014
Gem Diamonds fetches over $12m for two of its Lesotho gems

The prime minister of the tiny African nation fled the country over the weekend after what he called a military coup.

Rand Refinery to maintain normal gold output amid strike

mineweb - daily news headlines | September 1, 2014
Top gold refinery missing 87,000oz

Some of Rand Refinery’s workers at its operations in Johannesburg embarked on a strike last week.

Africa is bigger then you think

Michael Allan McCrae | August 31, 2014
africa true size 333

Lots of opportunity.

Palladium price sets fresh 13-year high

Frik Els | August 29, 2014
Palladium price sets fresh 13-year high

But platinum slide continues despite Ukraine escalation.

Africa silver miner surges after first pour

Frik Els | August 28, 2014
Africa silver miner surges after first pour

Shares in Quebec-based Maya Gold & Silver up 10% after pouring first silver at Moroccan mine, one of only a handful of primary silver mines on the continent.

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