Africa

ArcelorMittal sells its coal mines to Russia's National Fuel Company

Cecilia Jamasmie | January 19, 2015
ArcelorMittal sells its coal mines to Russia's National Fuel Company

The assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.

Wife of Ivanhoe Mines CEO charged after throwing a water bottle at a flight attendant

Andrew Topf | January 11, 2015
Plane window view

Ivanhoe Mines  (TSE:IVN) received a bit of unwanted publicity on Sunday when it was revealed that the wife of CEO Lars-Eric Johansson is facing criminal charges for throwing a water bottle at a flight attendant on an Air Canada flight.

Robert Friedland’s mining showdown in South Africa

Globe and Mail | January 11, 2015

The two men took the cash from an envelope, counted it carefully and spread it on the table in front of Raesetsa Makgabo in her village home.

CHARTS: Iron ore price won't withstand 2015 supply flood

Frik Els | January 9, 2015
CHARTS: Iron ore price won't withstand 151m new tonnes in 2015

Dozens of mines closed last year but another 175 million tonnes will have to drop out to neutralize 2015 output growth, which unlike copper is de-risked.

African miners to increase spending in 2015: survey

Cecilia Jamasmie | January 8, 2015
African miners to increase spending in 2015: survey

The report, based on responses from 108 buyers and decision-makers across 100 mines in 16 African countries, shows most plan to acquire equipment and maintenance services.

Centamin stock dives on below-expectations 2015 gold output forecast

Cecilia Jamasmie | January 8, 2015
Centamin stock dives on below-expectations 2015 gold output forecast

The gold miner said it expected to produce 420,000 ounces at its only operating mine in Egypt this year, missing some analyst expectations.

First Quantum Kalumbila mine workers protest over funeral grant

Zambia Post | January 7, 2015

Refusal by the firm to award a funeral grant to a deceased worker sparked fierce protests at Kalumbila Mine in Solwezi, paralyzing operations at the country’s newest copper mine.

Somalia ousts Chinese firm over alleged illegal mining

Cecilia Jamasmie | January 7, 2015
Somalia ousts Chinese firm over alleged illegal mining

The firm is also said to have of caused civil turmoil and tensions in the region after introducing armed militia to protect its illegal operation.

Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto

Cecilia Jamasmie | January 7, 2015
Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto

The miner believes that while the market is oversupplied now it will tighten from 2018.

Stellar Diamonds postpones first Baoulé diamond sale to late January

Diamond World | January 7, 2015
flag_guinea

Stellar Diamonds, a junior diamond explorer and developer, announced that it had delayed its first sale of diamonds recovered from its Baoulé project in Guinea to later this month.

Gold price in 2015: Playing Russian roulette

Frik Els | January 6, 2015
Mining in 2015: Russian roulette with the gold price

The US dollar together with rates and inflation expectations will keep advances in check, but all bets are off if Russia and/or Euroland turn to chaos.

Here is why miners should think ‘accountability’ when talking ‘responsibility’ (Part II)

Cecilia Jamasmie | January 2, 2015
Here is why miners should think ‘accountability’ when talking ‘responsibility’ (Part II)

The concept of a government-backed initiative to manage CSR abroad is being looked at by various nations, including Canada and the U.K.

Frik Els

Mining in 2015: Copper price topped

Frik Els | December 31, 2014
Mining in 2015: Copper topped

No rally for the red metal in 2015, but all bets are off if China's State Grid Corp finally deploys its $65 billion fixed investment budget.

Chinese firm to start mining copper Uganda in 2015

African Business Review | December 31, 2014

Tibet-Hima Industries Consortium is set to start copper mining in Uganda in May 2015.

First Quantum kicks off operations at Zambian copper mine

Cecilia Jamasmie | December 31, 2014
First Quantum kicks off operations at Zambian copper mine

Despite the government announcement Tuesday that it will push ahead with plans to more than triple mining royalties.

Here is why miners should think ‘accountability’ when talking ‘responsibility’ (Part I)

Cecilia Jamasmie | December 31, 2014
Here is why miners should think ‘accountability’ when talking ‘responsibility’

There currently are several practical and legal reasons for companies to have a CSR strategy in place, says expert in the field Elizabeth Adey, in this interview with MINING.com.

Zambia won’t reverse mining royalty hike

Cecilia Jamasmie | December 30, 2014
Zambia won’t reverse mining royalty hike

Move will leave up to 12,000 jobless and it is likely to sour the already fractious relationship between the government and mining companies.

The top mining mergers and acquisitions of 2014

Cecilia Jamasmie | December 29, 2014
The top mining mergers and acquisitions of 2014

The deals that were and those that failed. Here is MINING.com’s shortlist.

Ladies (and gentlemen) prefer coloured diamonds

Cecilia Jamasmie | December 24, 2014
Ladies (and gentlemen) prefer coloured diamonds

The market for coloured gemstones is on fire, with pink diamonds, rubies and sapphires achieving record prices. This infographic sheds some light on the situation.

Iron ore price plummets on Chinese black swan talk

Frik Els | December 23, 2014
Iron ore price plummets on Chinese black swan talk

Iron ore price drops 3.5% Tuesday to levels last seen during the emergence of the spot market.

Visual Capitalist

Despite Ebola, investors betting on Africa

Visual Capitalist | December 22, 2014
Africa new land of opportunity

Not so long ago, declining commodity prices and the outbreak of an epidemic such as Ebola would have triggered a firesale of interest in Africa.

UK data watchdog hands defeat to Steinmetz over request to quell Simandou mining deal critics

Cecilia Jamasmie | December 22, 2014
UK data watchdog hands defeat to Steinmetz over request to quell Simandou mining deal critics

Steinmetz and three BSGR directors argued that Global Witness had obtained personal information about them without authorization and wanted it to be forced to reveal what specific data it held.

Nevsun exploration bolsters Bisha

Mineweb | December 21, 2014

Nevsun Resources expands mineralization at its Harena copper-polymetallic deposit near the Bisha mine.

UK legislators call for an end to forced labour in Eritrea mines

Cecilia Jamasmie | December 19, 2014
UK legislators call for an end to forced labour in Eritrea mines

According to the legislators, international mining companies —mainly from Australia, Canada and the U.K— are using the forced labour of Eritreans in their operations.

Apple ‘deeply offended’ by BBC documentary on its suppliers exploiting children

Cecilia Jamasmie | December 19, 2014
Apple ‘deeply offended’ by BBC documentary on its suppliers exploiting children

The investigative reporting piece exposed extremely poor working conditions in factories making Apple products in China and Indonesia.

African miners focus on safety-related technology investments

Timetric | December 18, 2014

Investment plans in the African mining industry point to improving safety first, as well as increasing productivity.

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