The government of Zimbabwe has rejected all 175 of the empowerment proposals submitted by foreign-owned mining companies operating in the country, threatening to "kick them out" if the don't revise the plans, according to SW Radio Africa. The
Africa Mining News
Members of South Africa's National Union of Mineworkers (NUM) employed by De Beers Consolidated Mines (DBCM) began striking on Friday evening after wage talks between the two parties failed earlier in the week. Eighty percent of the company's workers are
HYTEC Cape Town has recently been awarded a large contract by De Beers Marine Namibia for the refurbishment of the mining system hydraulics on one of the mining giant’s offshore mining vessels.
About 150 000 South African coal workers seeking 14% wage increases plan to walk off the job from Sunday in a strike that could dent exports and hurt power supplies in Africa's largest economy. Hundreds of thousands of union workers have downed tools in recent weeks, or are threatening to do so, seeking raises double or triple the 5% inflation rate in the mid-year bargaining session known locally as "strike season".
Construction work on a coal terminal at the northern Mozambican port of Nacala is to begin in July. Sources in Mozambique have revealed that Brazilian firm Vale, which will be one of the main beneficiaries of the new facility, has awarded a contract to Zagope of Portugal to develop the terminal.
"We are on the budget to achieve 272,000 ounces by the end of the year," Bristow told Reuters in Abidjan on Saturday. "The mine will produce approximately the same level every year, currently and after for nine years," he added.
African Queen Mines (CVE:AQ) is an exploratory resource company focused in Africa, with loads of development potential. Being at its lowest share price in two years due a recent hammering of small-cap junior mining stocks, the company is set for significant upside potential, asserted CEO Irwin Olian to Proactiveinvestors.
Work is expected to begin in September on a pilot plant that will convert stockpiled magnetite fines into metallic iron at Palabora Mining from the end of June next year. Martin Creamer of Mining Weekly talks to Iron Mineral Beneficiation Services (IMBS) CEO John Beachy.
Africa's biggest gold miner AngloGold Ashanti said on Friday it would acquire a 19.79 percent stake in Canadian gold and uranium producer First Uranium Corp for $30 million. AngloGold said it would buy the stake, which consists of 47 million shares and priced at $0.64 a share, from South Africa's Village Main Reef Gold Mining.
Mining Weekly reports that Canadian diamond company, Lucara (CVE:LUC) will list on the Botswana exchange.
South African National Union of Mineworkers' members at diamond producer De Beers Consolidated Mines started a strike on Friday after wage talks failed, a union spokesman said. The union wants a 15 percent rise in wages, while De Beers is offering 7.5 percent and a once off payment of 2,500 rand ($367).
Namibia plans to raise its mining tax to 44 percent from 37.5 percent but said the hike will not apply to diamond mining companies, the ministry of finance said in a statement on Friday. The ministry said the country is facing volatility in its key revenue sources and is looking to strengthen revenue collection.
Serengeti Breweries Limited has appointed Ephraim Balozi Mafuru its director of marketing. He joins SBL from consultancy firm Hillside Investment Company Limited, where he was one of the directors. Mafuru holds an MBA and a BCom from the University of
Since starting operations as an independent business unit under the banner of the BBE Group in March 2011, BBEnergy has been awarded four South African mining projects worth a total of R60 million within its first four months of operation.
Eleven firms have been pre-qualified for a concession to manage the Mui Basin coal deposits in Kitui and construct coal-fired power plants as the government steps up efforts to reduce the country's reliance on hydro electricity. The investors, drawn from South Africa, Japan and China are expected to submit proposals to explore and develop the coal resources in four blocks covering an area of 500 square km in parts of Eastern Kenya.
Lonmin PLC (LMI.LN), the world's third largest primary platinum producer, Thursday said it expects to meet its annual platinum sales target, provided there are no work stoppages, and raised its annual unit cost guidance to reflect reduced output in previous quarters. The U.K.-listed, South African miner expects to sell 720,000 troy ounces of platinum in the financial year ending Sept. 30 and expects annual unit costs to rise 11%, up from a previously forecast 8%, due to production setbacks stemming from industrial action and six fatalities during the first six months of the financial year.
WAGE talks with the world's largest diamond producer De Beers will get under way on Wednesday, the National Union of Mineworkers said. Talks would be held with a facilitator from the CCMA, spokesman Lesiba Seshoka said in a statement. The diamond giant
Axmin has signed a mandate letter with South African bank to underwrite a $100 million loan, and help source another $130 million to finance Passendro gold mine in Central African Republic.
In today's operating environment, a mining company is as likely to be judged on its environmental and social performance as its ability to pull minerals out of the ground. Randgold Resources has taken on an ambitious project in the Democratic Republic of the Congo to build one of the largest gold mines in Africa.
Paladin Energy, the ASX- and TSX-quoted uranium miner, said on Wednesday that production for the year ended June rose 32% to 5.7-million pounds, but was lower than expected because of heavy rainfall at its Namibian mine and “mechanical issues” at the Kayelekera operation in Malawi.
Employees of diamond mining company De Beers are set to go on strike on Friday after wage talks broke down on Wednesday. The workers follow tens of thousands of others in South Africa's coal, metals and petroleum industries who have been on strike for weeks. The strikes come at a time when the country's mining output is slowing and new investment in the industry is drying up amid uncertainty about state ownership, taxation, an ever-changing regulatory environment and corruption. A recent ranking of top global mining investment destinations that puts Alberta at the top relegates South Africa to number 63 alongside Zimbabwe, Guatamala and Venezuela.
South Africa's Environmental Affairs department on Wednesday defended granting Coal of Africa approval to resume construction at the controversial Vele opencast project near Mapungubwe, saying science, not emotion, was behind the decision. Mapungubwe is a World Heritage site and home of the golden rhino figurine (pictured) that dates back to around 1000 AD when Southern Africa's earliest kingdom flourished. Construction of the mine were halted in August last year when it was discovered the Australian company did not comply with aspects of environmental management laws.
South African coal miners started wage talks with unions and a mediator on Wednesday in a bid to prevent stoppages that could threaten supply to power plants and limit exports, while a fuel sector strike threatening the economy entered its tenth day. Africa's largest economy relies on coal for almost all its power, but state-owned utility Eskom has said it has enough coal in stock to last 41 days, so a strike would have to be lengthy to affect its operations.
BHP Billiton’s diamond production suffered a double-digit d rop in the fiscal year, the miner reported on Wednesday. The company mined 2,506,000 carats, an 18% year-over-year drop.
Wage negotiations in the coal sector are set to begin on Wednesday, the National Union of Mineworkers (NUM) said. "The meeting will start at 10am today in Johannesburg. We are hopeful that perhaps today the employers will come with a more reasonable