Africa Mining News

Operational risks and safety must be a top agenda in mining

A gap in engagement between company leaders and front-line workers is critical to preventing and mitigating risks.

South Africa's Eskom carries out biggest power cuts in years

Splitting Eskom in three doesn't fix the issue that it is in a very dire financial situation.

SEMAFO tables maiden resource at Bantou gold zone

SEMAFO expects to produce between 390,000 oz. gold and 430,000 oz. gold in 2019.

AngloGold to pour first gold at Obuasi mine by year end

The miner has completed the first week of underground development blasting at its Obuasi mine, in Ghana.

Tanzania row overshadows Acacia's upbeat output, cost figures

Shares in the gold miner are up more than 50% since September when Barrick said it was buying Randgold Resources and when Mark Bristow was named as chief executive, taking over as head of the merged entity from January.

Glencore cuts workers at Congo copper and cobalt mine

The layoffs come as Glencore considers a plan to stop mining oxide ores at Mutanda.

Zimbabwe miner RioZim again suspends production over dollar payments

RioZim said since December, it had experienced "significant and persistent" delays in dollar payments, affecting its viability.

Glencore's Zambian unit suspends operations after three workers die in fire

Mopani is one the biggest mining companies in Zambia -- Africa's No. 2 copper producer.

South Africa's Harmony Gold expects drop in half-year earnings per share

Earnings per share for the first half of the year could be up to 97% lower than this time last year.

Death toll rises to six at South Africa coal mine gas explosion

Rescue efforts were hampered by dangerously high levels of toxic gas underground.

Fourteen NGOs oppose LME plans to ban tainted cobalt

Is the LME trying to create a reputational green wash that allows it to say its members source responsibly because they tick some boxes?

First Quantum inks $2.7B refinancing deal

Company has signed a new $2.7-billion term loan and revolving credit facility, replacing the existing $1.5 billion one.

Gem Diamonds finds from iconic Lesotho mine drop, shares slump

The company unearthed three of the 15 diamonds over 100 carats it found in 2018 in Q4, but carat recovery dropped by 17% to 29,523 ct in the period.

Russia’s Nordgold to invest over $360m in Guinea mine

The Russian gold producer has received a 15-year mining permit for its Lefa mine.

DRA Global continues growth path with SENET merger in Africa

DRA has entered into a merger agreement with SENET, a leading African project management and engineering firm to create one of the largest project delivery and operations management companies on the continent.

Bank Of America: Oil demand growth to hit zero within a decade

By 2030, oil demand could hit a peak and then enter decline.

Congo 2018 copper output up 12.9 percent to 1.2m tonnes -Chamber of Commerce

Output of cobalt rose 43.8 percent to 106,439 tonnes, while gold production increased by 22.6 percent to 28,539 kg.

Friedland confident Congo copper mine will be world’s second-largest

The founder of Ivanhoe Mines said the Kamoa-Kakula project is “on track to become one of the absolute greatest copper mining complexes in the world.”

Angola's Endiama sees diamond output rising to 13.8m carats by 2022

Production in 2018 was 9.4 million carats.

Guinea not flexible on Simandou infrastructure – minister

Simandou is one of the world's biggest iron deposits, containing billions of tonnes of high-grade ore, but development has been complicated by its location far from the coast.

Zambian finance chief holds firm on higher mining royalties

“There is no renegotiation taking place because a law has been passed in parliament to change the tax regime."

Sibanye sees potential for buying South African gold assets

“You don’t create value for your shareholders when it’s a fashion or a feeding frenzy" - Neal Froneman

Gold Fields plans mega solar power plant at Grannie Smith

Construction is to begin in May and be complete by Q4 2019.

Thor Explorations to build Nigeria’s first large-scale gold mine

Company envisions construction beginning in the second quarter of the year, followed by an 18-month building period.

Bushveld Minerals hopes to list in Johannesburg by Q3

The listing is not intended to raise capital but would allow investment from South Africa where its core business was located.