Africa Mining News

Northam Platinum and South Africa's NUM union sign 3-year wage deal

South Africa's National Union of Mineworkers (NUM) signs three-year wage deal with platinum producer Northam Platinum that secures wage hikes of more than double the inflation rate for its members.

Randgold's hook-up with Barrick to leave large void in London market

Randgold becomes second major miner to announce departure from London.

South Africa’s mining industry growth hindered by precious metals performance — PwC

Yet, capital expenditure for the sector recovered from the lowest levels in ten years to reflect a 19% increase.

Uganda to join transparency program as it seeks mining investors

The East African nation seeks to reassure potential investors that it isn’t involved in “conflict minerals.”

South Africa’s latest mining charter: what's new and who wins

New Mining Charter seeks to reduce uncertainty and boost investment in the sector.

Diamond trade must reform in face of threat from synthetic stones -U.S.

Efforts to broaden the scope of the Kimberley Process, set to prevent the sale of so-called "blood diamonds", have been stymied for a decade by member states including China, Russia and a number of African nations.

Ivanhoe Mines soars on third major copper discovery in Congo

The find, named Makoko, was the first of multiple high-potential target areas identified by the company’s exploration team to be tested by drilling.

Zambia hikes mining taxes in 2019 budget to rein in debt

Delivering a $7.1 billion budget in parliament, Margaret Mwanakatwe pledged to bring debt down and to trim the fiscal deficit to 6.5 percent of GDP in 2019.

Chinese interested in buying Rio Tinto’s Namibian uranium mine

Talks between the miner and China National Nuclear Corporation were confirmed by the country's energy minister.

Congo-owned Sokimo may hinder transfer of Kibali mine to Barrick

The state miner warned it would "assert its rights" in Barrick Gold's acquisition of Rangold's stake in the Kibali mine, but did not provide details of its plans.

Battery Minerals hits construction milestones at Montepuez project

Company wants to make sure the mine is in production when the demand and price of graphite takes off, as predicted.

South Africa mines minister maintains 30% black ownership target in charter

South Africa's new mining charter will require holders of mining rights to have a black ownership level of at least 30 percent within five years.

Biggest Sibanye Gold unions get approval to strike over pay

The National Union of Mineworkers and Association of Mineworkers and Construction Union received strike certificates at Sibanye after negotiations.

Barrick's Bristow bet seen as boosting South America revival

Barrick’s South America team “will be focused not only on bringing to account and dealing with the challenges around Pascua-Lama and Veladero,’’ but also on expanding assets and partnerships in Peru, Bristow said.

Congo leader vows elections to proceed on schedule in December

DRC President Joseph Kabila vowed delayed elections will take place as planned this year.

New AngloGold boss weighs asset sales to unlock value at miner

AngloGold Ashanti Ltd.’s new CEO, Kelvin Dushnisky, said his goal of unlocking value at the world’s third-largest gold producer will involve focusing on its best assets.

Newmont's CEO rejects talk of bids for Barrick, Randgold

Chief Executive Officer Gary Goldberg said while not interested in the entire companies, he would interested in buying Barrick’s half of their shared Kalgoorlie mine in Australia, which Newmont operates.

South African phosphate miner plans London IPO by year-end – CEO

Kropz, is on track to list on London's AIM Stock Exchange by the end of the year as it prepares for first production in 2019.

Barrick needs Randgold to make the grade

Few gold mines can operate profitably below 1 gram a ton which is equivalent to extracting two teaspoons of gold from a Statue of Liberty’s worth of ore.

Nyrstar profit warning highlights zinc's disconnects

Belgian zinc producer Nyrstar issued a profit warning last week, citing "adverse market conditions".

Barrick silences its biggest critic by buying out Randgold

Randgold's founder Mark Bristow has been a thorn in the side of Barrick Gold Corp. Now he’s its closest partner.

Barrick to buy Randgold for $18.3B forming giant global gold miner

The new Barrick, which will be listed in New York and Toronto, will own five of the world's 10 lowest cost gold mines and will be the world's top bullion producer by both value and output.

South Africa's NUM union signs wage deal with AngloGold

South Africa's National Union of Mineworkers (NUM) signed a three-year wage deal with AngloGold Ashanti, inking the same agreement that other unions reached with the company earlier in the week.

South Africa withdraws draft minerals law; to separate oil, mining

South African withdrew its long-delayed draft legislation for the mining and petroleum industries and plans to come up with separate laws to govern the two.

South Africa's cabinet approves new mining charter

The mining charter was introduced to redress the exclusion of black people in the mining sector under apartheid.