Africa Mining News

Did BHP just call the bottom of the mining cycle?

CEO Andrew Mackenzie said over the weekend "the commodities fall has stopped". Not only that – after recent rallies six are back in bull markets.

Lucara revenues for first exceptional tender exceed US$51 million

The 10 diamonds, found at the Karowe mine in Botswana, were sold for gross revenues of $33,632 per carat.

Botswana Geoscience Portal goes live

Geosoft announced the launch of the Botswana Geoscience Portal, a partnership initiative with the Botswana Geoscience Institute and industry sponsors.

Gold to hit $3,000 by 2019 — expert at Dubai conference

“The big problem is that monetary policy is contagious and central bankers no longer have any bullets left," said precious metal expert Diego Parilla.

Dispatches: Child labour in Dubai’s gold supply chain

Around 40% of all gold traded on the international market flows through the “city of gold,” as Dubai likes to call itself.

Endeavour Mining begins construction of new African gold mine

The Hounde project, in Burkina Faso, is forecast to produce about 1.9 million ounces of gold over a 10-year mine life.

Top 10 copper producing countries

Peru's output surges, North American producers slip down the rankings and Chinese mines shut down.

Africa gold producers wary despite price rebound

A steep rise in gold prices may have given hope to a battered mining industry, but producers in Africa are still too wary to call the bad times over.

Big shot in the arm for Zambia

Glencore's $1.1 billion investment in Mopani marks a turnaround for Zambia’s copper sector and will help lift economic growth to 5% by 2018.

Illegal mining in Congo wiping out gorilla populations

Fewer than 3,800 Grauer gorillas still live in the wild, down from 17,000 in 1998 due mainly to illegal mining for coltan and other minerals, a report shows.

NYU graduates seeking $11bn of gold in closed S. African mine

The 77-year-old mine contains gold resource of 9 million ounces.

Copper miners' game of chicken continues

New study predicts lowering of cost curve, marginal mines staying open at all costs will see oversupply persist and fifth year of copper price declines.

Africa Finance Corporation defies 2015 economic headwinds with total assets growth of 25%

Despite a difficult operating environment, AFC delivered strong underlying operating results, achieving 25% growth in its balance sheet, with total assets in excess of US$3.2 billion.

Standard for responsible mining released

This second draft of the Standard for Responsible Mining reflects the input from over 1400 points of comment contributed by more than 70 organizations and individuals worldwide, including industry and technical experts.

Striking coal workers arrested after violent raid at Glencore's South African mine

Production at the Wonderfontein coal mine has been halted for three weeks after members of AMCU decided to down tools in March.

Slowing China tops global executive fears for the first time

March survey by McKinsey sees China trumping geopolitical instability, leadership change, terrorism, refugees and euro break-up as risks to global economy.

Randgold replenishes resources in record production year

Randgold Resources’ annual resource and reserve declaration, shows attributable measured and indicated resources steady at 21.1 million ounces while inferred resources are marginally up to 6.7 million ounces.

Vale says write down of Mozambique coal venture won’t affect project

Company denied reports claiming that partner Mitsui was revising the terms of their association.

Kinross is going ahead with expansion of its Tasiast gold mine in Mauritania

Project is expected to dramatically increase production and slash costs at the troubled mine.

This is the 68-carat diamond Lucapa just found at its Lulo mine in Angola

The 68.1-carat gem-quality diamond is one eight 'significant' rocks found from trial mining at a new area of the Lulo concession.

Breakthrough aircraft to transform remote mining

Lockheed lands $480m customer for aircraft combining power of helicopter, airplane and hovercraft dramatically altering mining and exploration economics.

Ghana grants Gold Fields tax rate cut as firm mulls Damang mine faith

The firm has not yet decided whether to inject more cash into Damang or suspend operations.

Aussie mining CEO accused of inciting violence as cops probe activist's murder

The Bench Marks Foundation has accused the CEO of Mineral Resources Commodities (MRC) of inciting violence in an area where an anti-mining activist was murdered last week.

Vancouver co in $30m deal to restart Botswana diamond mine

Tango Mining will use loan from Vanderbilt Commercial to acquire BK11 kimberlite mine and restart operations.

Namibia's uranium production to triple by 2017

Uranium production in Namibia is expected to triple by 2017 with the ramp-up of the massive Husab mine, states a senior government official.