Africa

This $2 million red diamond is the hero in Rio’s annual tender

Cecilia Jamasmie | August 12, 2014
This $2 million red diamond is the hero in Rio’s annual tender

In the 30 years Rio Tinto's Argyle Pink Diamonds have been tendering the rare gems, only 13 red diamonds have been brought in.

Glencore 'wants to develop Guinean projects quickly'

Frik Els | August 6, 2014
Glencore 'wants to develop Guinean projects quickly'

A leaked presentation suggests Glencore is very serious about developing one of mining's richest prizes – West Africa's vast Simandou iron ore deposit.

Why West Africa is primed for gold discoveries: Andy Jackson

Sprott Asset Management | August 5, 2014
africa mining 400

First, West Africa has the right geology for gold deposits – that’s the main reason. The second reason is that it’s a relatively politically stable part of Africa.

Zimbabwe’s planned Marange diamond mines merger hits legal hurdles

Cecilia Jamasmie | August 5, 2014
Zimbabwe’s planned Marange diamond mines merger hits legal hurdles

The government wants to consolidate the diamond mining companies currently operating in Marange from six down to two or possibly one.

Another explorer handsomely rewarded in Burkina Faso

Frik Els | August 5, 2014
Another explorer handsomely rewarded in Burkina Faso

Australia's Orbis Gold upgrades Natougou project's indicated resources 500% for total 2m ounces at 5.1g/t.

Major gold producers expected to put more mines up for grabs

Frik Els | August 5, 2014
Major gold producers expected to put more mines on the block

Smaller firms with lower overheads and more leeway to restructure operations have already picked up $912m of assets hacked off by top gold producers.

Strong earthquake hits South Africa, no miners trapped

Cecilia Jamasmie | August 5, 2014
Strong earthquake hits South Africa, no miners trapped

The quake is the largest in the southern Africa region since a 7.0 tremor hit Zimbabwe in 2006.

African Potash starts drilling at Lac Dinga project

African Potash | August 5, 2014
lac-dinga-map

AIM-listed African Potash Ltd Tuesday said that it has begun drilling at its Lac Dinga Potash Project in the Republic of Congo.

Accusations of Glencore-Zambia tax probe cover-up

Frik Els | August 4, 2014
Accusations of cover-up of Glencore-Zambia tax probe

The European Investment Bank will not make public the findings of a 2-year tax-avoidance investigation into the Swiss giant's Zambian copper operation.

West Africa's iron ore tough to crack

Miningmx: Headline News | August 4, 2014

West Africa’s iron ore sector has been characterised by a flurry of investments from majors and minors alike.

AngloGold expects more assets on the block before year-end

Cecilia Jamasmie | August 1, 2014
AngloGold expects more assets on the block before year-end

Forecast slump in gold prices to drive more mine sales, says the firm.

ArcelorMittal buys Mount Nimba from BHP

Frik Els | August 1, 2014
ArcelorMittal buys Mount Nimba from BHP

The deposit in the south of Guinea boasts 935 million tonnes of 63.5% direct shipping ore.

ArcelorMittal back to profit despite challenging market conditions

Cecilia Jamasmie | August 1, 2014
ArcelorMittal back to profit despite challenging market conditions

The plunge in iron-ore prices is damping profits at the firm’s mining unit.

Iron ore price bulls are back

Frik Els | August 1, 2014
Iron ore price bulls are back

But prediction of a rise above $100 a tonne in the "near future" may not be enough for smaller producers as the big three flood markets.

Africa: New land of opportunity? Ashley Kelty points to the positives

The Energy Report | August 1, 2014
Africa new land of opportunity

The key is that Africa is still largely unexplored.

Vale Q2 profit down on weak prices from iron glut

Jeffrey Richmond | July 31, 2014
vale profit down in q2 on iron oversupply, weak prices feat

Write-downs also hurt bottom line, yet production robust.

Glencore, ArcelorMittal seeking stake in Simandou: report

Cecilia Jamasmie | July 31, 2014
Glencore, ArcelorMittal said to seek a stake in Simandou

They would be going for the northern portion of the massive iron ore deposit, seized from Israeli billionaire Beny Steinmetz and mining giant Vale in April.

Mali revokes 130 mining licences

Cecilia Jamasmie | July 31, 2014
Mali revokes 130 mining licences

Decision comes on the heels of a finished inventory of permits, which aimed to clean up the sector.

Coal exporters not backing down despite glut; could China enter the market too?

SNL Energy | July 30, 2014
Coal exporters not backing down feat

No signs of production slowdown in major coal-exporting countries.

Rio’s $3.7bn Mozambique coal business fetches $50m

Frik Els | July 30, 2014
Rio’s $3.7bn Mozambique coal business fetches $50m

The assets were acquired when it took over Riversdale Mining in 2011.

Top gold refinery missing 87,000oz

Frik Els | July 29, 2014
Top gold refinery missing 87,000oz

Rand Refinery blames software glitch for discrepancy between actual inventory and accounts. Owners, including Anglogold, provide new loan just to be safe.

China's war on pollution to push palladium higher still

Frik Els | July 29, 2014
China's pollution problem to push palladium higher still

China produces 20 million vehicles a year and has to double the average palladium load to catch up with US emissions standards.

Beny Steinmetz associate jailed over Guinea’s Simandou case

Cecilia Jamasmie | July 28, 2014
Beny Steinmetz associate jailed over Guinea’s Simandou case

Frederic Cilins, a French businessman who worked as an intermediary for BSGR in Guinea, became the first person to receive a criminal sentence in a corruption investigation.

Miners need to overhaul business model to boost productivity: study

Cecilia Jamasmie | July 25, 2014
Miners need to overhaul business model to boost productivity: study

Cost reduction measures in the mining industry could well have undermined the sector's productivity, which remains down, according to a new EY report.

Dr. Elizabeth Adey - Wardell Armstrong

Human rights and the mining industry: managing the problems before they arise

As people become ever more aware of what’s going on the world — including the impact of commercial activity on human rights — the expectations of society are inevitably rising.

Impala profit may drop 20% plus after platinum strike

Impala talks about the repercussions of the recently ended platinum strike on earnings.

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