Africa

About 100 miners trapped underground, 400 rescued at Harmony Gold’s mine

Cecilia Jamasmie | February 22, 2015
About 100 miners trapped underground, 400 rescued at Harmony Gold’s mine

Specially trained rescue teams continue their efforts to save the remaining employees, said the company.

Canada’s gold mines are shooting the lights out

Vladimir Basov | February 13, 2015
Canada’s gold mines are shooting the lights out

Output at Canadian gold mines surged 29% last year, surpassing South Africa for the first time in history. US production dives more than 8%.

Stunning photos of Egyptian quarry workers

Michael Allan McCrae | February 13, 2015
quarry panorama egypt

Jury-rigged safety gear.

Iron ore's richest prize going on auction

Frik Els | February 12, 2015
Iron ore's richest prize going on auction

Outcome will say a lot about the long-term prospects for the industry.

Kinross drops $1.6bn Tasiast expansion

Frik Els | February 11, 2015
Kinross drops $1.6bn Tasiast expansion

Toronto-based gold miner also cuts production outlook and raises costs for 2015.

Mining tycoon executed in China

Michael Allan McCrae | February 9, 2015
liu han executed mining tycoon

Total of five executed.

China just crossed a landmark threshold

Barrick boosts ties with China, names Woo Lee as regional leader

Many are already likening the new Silk Road undertaking to the Marshall Plan

Green light for Endeavour Mining's gold project in Burkina Faso

MINING.com Editor | February 9, 2015
green light

Burkina Faso may encounter some short-term choppiness.

Church threatens to dump oil shares after Leonardo DiCaprio film

Michael Allan McCrae | February 9, 2015
virunga chrurch of england soco international

Mountain gorillas.

Rolling blackouts (again) threaten South African mine output

Andrew Topf | February 8, 2015
electricity_wikipedia

Problems with South Africa's main electricity provider, Eskom, are crimping the plans of major mining companies that depend on regular power provision to run their operations, an energy users group has warned.

Iron ore permabear Xie now expects price in $30s

Frik Els | February 6, 2015
Iron ore permabear Xie now expects price in $30s

Prices "need to decline to a level that's so painful higher-cost Chinese mines will be forced to give up".

Diamond prices expected to fall, production expected to rise

Michael Allan McCrae | February 5, 2015
Udachnaya diamond mine, Russia Source ALROSA synthetic diamonds

Synthetics are coming.

Randgold is piling on the ounces in West Africa

Frik Els | February 2, 2015
Randgold is piling on the ounces in West Africa

Fast growing Africa-focused Randgold Resource will release a feasibility study for third underground mine at its Loulo-Gounkoto complex in West Africa.

Roxgold rockets on Burkina permits

Frik Els | January 30, 2015
Roxgold rockets on Burkina permits

Double digit gains for Toronto junior after receiving final approval for its high-grade, low-cost Yaramoko gold project.

Australian uranium miner accused of contaminating Lake Malawi

Global Research | January 29, 2015

Paladin Energy, an Australian mining company, has been accused of discharging uranium-contaminated sludge into Lake Malawi, which supports 1.7 million people in three countries – Malawi, Mozambique and Tanzania.

Mining M&A: Private equity can't run away fast enough

Frik Els | January 29, 2015
Mining M&A: Private equity can't run away fast enough

The smart money is waiting for fire sale prices before jumping into metals and mining. Or worse; has simply lost interest in the sector.

Amplats Q4 production drops by 17 pct after strike

Reuters | January 28, 2015

Anglo American Platinum's production fell by 17% in the fourth quarter compared with a year ago due to a strike at its South African operation.

Anglo American set for commodity slump-triggered charge

Cecilia Jamasmie | January 28, 2015
Anglo American set for commodity slump-triggered charge

The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.

Glencore mulls shutting down South African coal mines, lay offs

Cecilia Jamasmie | January 28, 2015
Glencore mulls shutting down South African coal mines, lay offs

The miner, one of the biggest exporters of South African coal, may re-open those operations if economic conditions improve.

Randgold's Kibali ramp-up on track for 600koz

Frik Els | January 27, 2015
Randgold's Kibali ramp-up on track for 600koz

Randgold Resources' $1.7bn Kibali project in DRC is operating at design after commissioning of metallurgical plant and first of three hydropower plants.

Another day another iron ore price drop

Frik Els | January 27, 2015
Another day another iron ore price drop

Another slide on Tuesday drops iron ore price 13.4% year to date, but latest forecasts see another double digit dip from current levels.

Congo risking billions with planned tax hike, mining code revision

Cecilia Jamasmie | January 27, 2015
Congo risking billions with planned tax hike, mining code revision

The central Africa nation may also lose its position as the continent’s top copper producer.

The bottom is falling out of the iron ore price

Frik Els | January 26, 2015
The bottom is falling out of iron ore price

Down 4% to fresh five-and-half year low.

Zambia’s new leader to keep polemic mining tax

Cecilia Jamasmie | January 26, 2015
Zambia’s new leader to keep polemic mining tax

Newly elected President Edgar Lungu wants to keep mining royalties at 20%, as opposed to the 6% companies were paying a month ago.

Undisclosed number of diamonds stolen from South African mine

Cecilia Jamasmie | January 26, 2015
Undisclosed number of diamonds stolen from South African mine

Sixteen men, who failed to access a safe, broke into a room used for sorting diamonds near Prieska Monday morning.

Anglo American mulls sale of more coal mines in Australia

Cecilia Jamasmie | January 23, 2015
Anglo American mulls sale of more coal mines in Australia

The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.

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