Africa

Hundreds strike at Glencore’s coal mine in South Africa

Cecilia Jamasmie | October 20, 2014
Hundreds strike at Glencore’s coal mine in South Africa

Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.

Ebola outbreak – free education resource

Jincom Publishing | October 16, 2014

Free easy-to-understand brochure about Ebola.

BHP bows to pressure, to list spinoff in London

Cecilia Jamasmie | October 16, 2014
BHP bows to pressure, to list spinoff in London

The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.

BlackRock blames Ebola for London Mining mess

Frik Els | October 15, 2014
Guinea on national emergency over Ebola, mining operations threatened

And the rapid fall in the iron ore price, the Sierra Leone miner's dispute with Glencore and the slow rampup. But especially Ebola.

China's inland mills could be in market for 300mt seaborne iron ore

Frik Els | October 15, 2014
China's inland mills could be in market for 300mt seaborne iron ore

New research shows inland Chinese steel mills pay a 35% premium over seaborne benchmark with 210mt of steel capacity potentially looking for alternatives.

Mozambique's mining boom damns the poorest

Human Rights Watch | October 15, 2014

Although investments in extractive industries have contributed to high economic growth rates in the past several years, this growth has not translated into significant reductions in poverty or improvements in health and employment for the general population.

Mines back up and running and commencing with stock clean up

Clear Asset | October 15, 2014
2CA

With mines back in operation and some already up to full production, various companies such as Impala Platinum, Diesel Power and Sibanye Gold will be taking to market a variety of redundant and surplus plant and equipment via an online auction.

Australia, Brazil to control 90% of global iron ore trade by 2020

Cecilia Jamasmie | October 15, 2014
Australia, Brazil to control 90% of global iron ore trade by 2020

Despite iron ore prices touching rock bottom, the top three producers have no plans to slowdown production. Quite the contrary.

South Africa considers declaring certain minerals as strategic

Reuters | October 14, 2014

Under the bill, such minerals "will be sold for production costs excluding transportation. That is the mine-gate price.

South Africa’s gold miners look at mergers to stay afloat

Cecilia Jamasmie | October 14, 2014
South Africa’s gold miners look at mergers to stay afloat amid price debacle

Harmony Gold, Sibanye Gold Ltd., and AngloGold Ashanti named among the top candidates to consider deals.

First Quantum warns Zambia tax hike will cost jobs, investment drop

Cecilia Jamasmie | October 14, 2014
First Quantum warns Zambia tax hike will cost jobs, investment drop

The miner, Zambia's largest foreign investor, operates Kansanshi mine, the eighth largest copper mine in the world, as well as the country's biggest.

Wesizwe has BEE plan if Govt. wants increase

Miningmx: Headline News | October 13, 2014

Wesizwe Platinum said it had an empowerment plan if required by government to lift its BEE holding to beyond the current 13%.

JSW Steel close to acquiring London Mining

Andrew Topf | October 12, 2014
Takeover 333

JSW Steel has almost clinched a deal that would see India's third-largest steel company acquire embattled London Mining (LON:LOND), sources close to the negotiations revealed on Friday.

Illegal gold miners face arrest

Times of Zambia | October 12, 2014

Energy and Water Development Minister Christopher Yaluma says security wings have managed to trace some illegal gold miners and dealers on the black market in the ongoing investigations.

Zambia launches major overhaul of mining tax, increases royalties

Cecilia Jamasmie | October 10, 2014
Zambia launches major overhaul of mining tax, increases royalties

Underground mining royalties will go up from 6% to 8%; underground taxes now 20%.

ContiCoal gets 'offers' for SA mines

Miningmx: Headline News | October 10, 2014

The fog hanging over the South African assets of Continental Coal may clear in the next few days in the wake of 'offers' for the mines.

Rockwell signs $7.2m BEE deal, mulls growth

Miningmx: Headline News | October 10, 2014

Rockwell Diamonds replaced a lapsed empowerment deal and said it may yield asset growth whilst plans were also afoot to double the firm's mining rate.

Centamin shares jump on Sukari gold mine results

Cecilia Jamasmie | October 9, 2014
Centamin shares jump on Sukari gold mine results

The firm mined 93,624 ounces of the yellow metal in the three months to end September and it also maintained its full-year production forecast of 420,000 ounces of gold.

Iron ore war: Rio Tinto ‘not standing still’ over BHP’s production boost

Cecilia Jamasmie | October 9, 2014
Iron ore war: Rio Tinto ‘not standing still’ over BHP’s production boost

The head of the iron ore division, Andrew Harding, defens Rio's own plans to ramp up ore production.

Hundreds of Canadians lifesavings down the drain as ‘God’s’ gold venture fails

Cecilia Jamasmie | October 9, 2014
Hundreds of Canadians lifesavings down the drain as ‘God’s’ gold venture fails

Investors claim Liberty International Mineral Corporation CEO has cut off all contact with most of the people who invested at least Cdn$18 million in his company.

Cutifani says tough decisions needed to restore credibility

Cecilia Jamasmie | October 8, 2014
Cutifani says tough decisions needed to restore credibility

Anglo's chief warned the company plans to take severe measures over the next two years.

Rio Tinto’s $3.7bn Mozambique coal business sold for $50m

Cecilia Jamasmie | October 8, 2014
Rio Tinto’s $3.7bn Mozambique coal business sold for $50m

Transaction marks the end of a dreadful venture for the mining giant.

Glencore doesn't give up on Rio Tinto, seeks to create largest mining company

New York Times | October 8, 2014

It’s good to be Ivan Glasenberg’s neighbour.

London Mining shares ‘worthless’ due to funding fears

Cecilia Jamasmie | October 8, 2014
London Mining shares ‘worthless’ due to funding fears

The iron ore miner warned Wednesday that its shares now had "little or no value."

KEFI to mine for Gold in Ethiopia

KEFI Minerals | October 7, 2014

KEFI Minerals (AIM: KEFI), an emerging gold miner with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, is pleased to announce that it has reactivated the Mining Licence Application (“MLA”) for its Tulu Kapi gold project in Ethiopia, which had been suspended in mid-2013 by the previous owner of the asset.

RPM to lead partner presence at SAP Mining and Metals Forum with talk on disruptive technologies in mining

Runge Pincock Minarco (RPM) | October 7, 2014

Speaking at a 300-plus delegate event in Germany RPM’s CEO, Mr. Richard Mathews said there is an ongoing productivity Transformation in mining, which is set to challenge conventional thinking.

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