The world's second largest bullion miner is preparing its Zambian copper mine Lumwana for sale in the second half of 2019, looking to target Chinese buyers.
Africa Mining News
The company said on Tuesday first-half headline earnings is expected to rise at least 160%, boosted by higher iron ore export prices and a weaker rand/US dollar exchange rate.
The licenses the miner is acquiring cover historical copper-silver resources in the Kalahari Copper Belt and the Kaoko Belt.
The exceptional D colour Type IIa gem was recovered in March from the company’s iconic Cullinan mine, the same that yielded the biggest diamond ever in 1905.
The gold mining industry that built South Africa and produced about half of the yellow metal that’s ever been dug up seems now to be in terminal decline.
The power cuts started on Monday and would last up to eight hours during morning and evening peak periods.
Average annual gold output would increase to more than 550,000 ounces in the five-year period 2020 – 2024, and over 400,000 ounces during the remaining seven years.
The Association of Mineworkers and Construction Union (AMCU) lodged its appeal in protest against job cuts related to the deal.
The London-based company, which operates in South Africa, said total platinum production tumbled 10.3% to 276,020 ounces for the six months ended March 31.
Zambia's Mopani Copper Mines Plc plans to close two shafts and focus on essential capital projects, the Glencore-owned company said on Friday.
Acacia Mining on Thursday hit back at parent company Barrick Gold Corp's allegation the miner was an obstacle to solving a long-running tax row in Tanzania.
Sibanye faces competition from two rivals if it wants to buy South African gold mining assets that AngloGold Ashanti Ltd. plans to sell.
South African gold production shrank for an 18th straight month in March, extending the longest run of contractions since the financial crisis.
Acacia Mining saw a surge in gold production in April thanks chiefly to a 54% rise in output from its disputed North Mara gold mine in Tanzania.
AngloGold announced on Thursday that it’s in the early stages of a sales process for Mponeng, the world’s deepest mine and its last underground operation in South Africa.
The company has increased the mineral reserves at its Youga gold mine by 23% – extending the mine life by an additional four years to 2031.
The demand for certain natural resources found in Africa play a key role in electric products.
The goal is for the sale process to be well advanced by mid-2020.
The world’s largest gold producer by market value, output and reserves, is expected to churn out 8.4 million ounces of the precious metal in 2019.
Gold mining industry entered 2019 in much better shape.
The proposed tax change in Africa's second biggest copper producing nation has upset the mining community.
The mortality rate drops during the investment of large-scale gold mining and continues to fall following the mine opening, the research finds.
The new mining code that Congo passed last year confirmed that subcontracting in the mining industry will be limited to companies of which the majority of capital is held by Congolese.
The Vancouver-based company signed a definitive agreement with private vendor Rachid Mogabgab.
Barrick's South Arturo loses top spot, two other Barrick mines dropped from top 10 ranking.