Africa Mining News

New rare earth miner lists in London, raises $10 million for Burundi project

Rainbow Rare Earths plans to restart the Gakara mine, which operated for 30 years until 1978, and that still holds high grade of the coveted elements.

Newcrest Mining gold output falls, but copper rises

Newcrest's gold production dropped to 614,715 ounces in the quarter ended in December, from 615,498 ounces in the three months immediately prior and 620,691 ounces a year ago.

Randgold Resources hit by illegal sit-in at Tongon mine

Company said talks are underway to stop an illegal sit-in that started last week by some employees demanding annual ex-gratia payments.

Global gold mining output to decline further

Only Africa and Oceania bucking the trend says new study.

Lucapa Diamond in trading halt ahead of acquisition of new project

The Africa-focused diamond miner said it expects to resume trading before the open on Tuesday next week.

South Africa blames AngloGold, Sibanye of refusing to comply with safety laws

Mines minister Mosebenzi Zwane noted that 19 of the 73 miners who died in South Africa last year lost their lives at operations run by those companies.

Loopholes in Mali’s export tax regime make it a magnet for the illicit trade of gold in West Africa

Mali’s taxation practices applicable to gold exports have turned the country into West Africa’s illicit gold trading hub, Partnership Africa Canada said in a report published today.

Copper takes some shine off Anglo American’s results

The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.

Anglo’s Kumba Iron Ore just got a lot more attractive to potential buyers

The company, Africa's largest iron ore producer, expects profits to more than double this year on the back of higher iron ore prices and a weak rand.

The world's 10 largest copper mining projects

INTERACTIVE MAP: Together reserves at the global top 10 copper mining projects are worth more than $360 billion.

Kibali ends challenging year with strong finish

The Kibali gold mine in the Democratic Republic of Congo has continued its performance improvement in the second half of the year after a tough first half.

Endeavour Mining reports record gold output in 2016, shares climb

The company, which earlier this month revealed is in merger talks with African gold producer Acacia Mining, expects to produce between 600,000 and 640,000 ounces of the precious metal this year.

Palladium price surges to 22-month high

Years of underinvestment in top producer South Africa affecting supply.

Sibanye $2.2bn acquisition of Stillwater passes antitrust conditions

Takeover would make of Sibanye Gold the world's third largest palladium producer and fourth biggest platinum group metals miner.

Rio Tinto, Chinalco put an end to copper joint venture

The amicable divorce ends a six-year-old exploration joint venture originally set to find copper deposits in China.

DRC drops opposition to Lundin copper deal

State-owned Gecamines clears final hurdle for Freeport and Lundin's blockbuster sale of one of Africa's largest copper mines.

First shipment of iron ore from Vale’s new S11D mine en route to Asia

The company has loaded 26,500 tonnes of iron ore onto three ships at the company's port of Ponta de Madeira.

These are the African countries investors should pay attention to

New report says the underlying question for investors lies on the risk/reward balance — whether outstanding geology beats corruption and security issues.

Copper to be best performing commodity of 2017 — analysts

Experts and industry actors interviewed by MINING.com see prices picking up this year, driven by declining supplies and the prospect of increased demand coming from construction, electric vehicles and other renewable technologies.

Strike ends at Harmony Gold’s Kusasalethu mine

Company to launch probe into the causes of the illegal sit-in of nearly 48 hours.

DRC says Ok for Glencore to take full control of Mutanda copper mine

Mines Minister Martin Kabwelulu said he “didn’t believe” the government needed to authorize changes in ownership in that or any project.

Private capital rotating into mining and metals

Private capital funds raised $2.1 billion for mining and metals investment in 2016 – this year 13 funds are targeting $10 billion says new study.

Egypt opens gold assets to foreign companies, first time since 2009

First international tender for gold mining concessions in eight years to be held on Sunday.

World Bank on a Trump economy and commodities

World Bank's 2017 outlook says US impact on commodity markets diminished, but it's still number 1 for oil and number 2 in copper, aluminum and lead.

Poor uranium market conditions push Paladin Energy into restructuring

Proposed refinancing comes after Paladin failed to sell a 24% stake in its Langer Heinrich mine to China National Nuclear Corporation (CNNC), which was expected to fetch $175 million.