Africa

Glasenberg: 'Supercycle ain't over' – demand 'higher than it’s ever been'

Frik Els | August 20, 2014
Glasenberg: 'Supercycle ain't over' - demand 'higher than it’s ever been'

Glencore CEO Ivan Glasenberg strikes positive note after announcing jump in profits, output and better trading conditions at Swiss commodities giant.

Global diamond supply in a single chart

Michael Allan McCrae | August 17, 2014
diamond supply feat

Is the rough diamond industry a monopoly, oligopoly, or neither?

Harmony Gold mine’s reboot fraught with difficulty – CEO

mineweb - daily news headlines | August 16, 2014

The rebooting of its Kusasalethu mine provides a stark warning for those banking on South Africa's platinum sector making a swift recovery.

BHP says demerger preferred option

Frik Els | August 15, 2014
BHP says demerger preferred option

Decision to to lob off Billiton assets could come as early as next week.

Aussie mine productivity world's 2nd worst: PwC

Jeffrey Richmond | August 14, 2014
Aussie mine productivity world's 2nd worst

Only Africa rated lower.

No end in sight for Centamin legal fight over gold mine in Egypt

Cecilia Jamasmie | August 14, 2014
No end in sight for Centamin legal fight over gold mine in Egypt

An appeal case on the company’s right to mine in Egypt is seen taking until next year to resolve.

Uranium price building on gains

Frik Els | August 14, 2014
Uranium price building on gains

Way to early to for uranium stock investors to rejoice, but after eight straight sessions of gains the market seems to be entering recovery mode.

Guinea on national emergency over Ebola, mining operations threatened

Cecilia Jamasmie | August 14, 2014
Guinea on national emergency over Ebola, mining operations threatened

Tighter border controls are set to disrupt the flow of essential supplies and even workers trying to get to work at the African country's mining operations, companies say.

Western gold jewelry buyers come roaring back

Frik Els | August 14, 2014
Western gold jewelry buyers come roaring back

Q2 study shows decline in global gold demand, but US and UK jewelry buying surges and central banks add to holdings for a 14th straight quarter.

U.S., Canada and Latin America the cheapest regions to mine gold: report

Cecilia Jamasmie | August 13, 2014
u-s-canada-and-latin-america-the-cheapest-regions-to-mine-gold-report

A case in point: AngloGold Ashanti's Americas division produced gold at $765 per ounce, almost $100 an ounce less than its South African operations.

Glencore zinc and nickel output drops

Frik Els | August 13, 2014
Glencore zinc and nickel output down

Mines in Australia and Dominican Republic put on care and maintenance and Canadian operations' reserves depleted during first half of the year.

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.

AngloGold Ashanti to keep cutting costs, jobs

Jeffrey Richmond | August 11, 2014
AngloGold Ashanti to keep cutting costs, jobs

Firm also working to restructure Obuasi mine in Ghana.

West Africa Ebola outbreak forces miners to lock down operations, delay projects

Cecilia Jamasmie | August 10, 2014
West Africa Ebola outbreak forces miners to lock down operations, delay projects

After the WHO declared the current outbreak an “international public health emergency.”

Newmont steps up pressure against W. Australia’s royalty hike

Cecilia Jamasmie | August 10, 2014
Newmont steps up pressure against W. Australia’s royalty hike

Company argues a royalty hike would jeopardize the profitability of Australia's two largest gold mines.

African Potash secures $3.75M for Lac Dinga

Jeffrey Richmond | August 8, 2014
africa potash secures $3.75mln for lac dinga feat

CEO says company "well set" to advance project.

Harmony Gold to write down $130 million on mothballed mine expansion

Cecilia Jamasmie | August 8, 2014
Harmony Gold to write down $130 million on mothballed mine expansion

Harmony decided against expanding its Phakisa mine and will write down the value of the asset.

About those Chinese iron ore miners cutting output

Frik Els | August 8, 2014
About those Chinese iron ore miners cutting output

It's just not happening; thanks to support from China's local governments says new report.

$180bn investment for Africa infrastructure through 2025

Frik Els | August 7, 2014
$180bn investment for Africa infrastructure through 2025

Still only 2% of global spending on infrastructure projects according to new report.

Huge miss at Randgold's Kibali

Frik Els | August 7, 2014
Huge miss at Randgold's Kibali

Output falls 19% at $2.5 billion DRC mine.

Will mining disappear in the next decade?

Will mining disappear in the next decade

Trend of mine production moving to emerging economies will continue.

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.

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