The value of Tanzania's gold exports jumped 18% in the year to April 30 due to increased prices on the international market, the Central Bank of Tanzania said Saturday.
Africa Mining News
Forbes Coal, the Canadian bituminous coal and anthracite producer which plans to list on the JSE later this month, wants to triple production at its two projects in Dundee, KwaZulu-Natal, to take advantage of booming demand.
Aura Energy Limited’s (ASX Code AEE, “Aura”) confidence in the greenfields Reguibat Project in Mauritania has been confirmed by the announcement of the first JORC-code compliant resource. The Inferred Resource of 50.2 million pounds at 330ppm U3O8 on the Reguibat Project was based on a cut-off grade of 100ppm U3O8 (Table 1). 48.9 million pounds of this resource are contained in permits 100% held by Aura.
Canada's Lucara Diamond Corp, building the AK6 mine in Botswana, said on Friday strike action in South Africa’s steel sector was delaying deliveries to the project, though it did not yet know the full impact on the mine's schedule. AK6 was on track so far, being 60% complete. The company’s other projects include Mothae Diamond Project, located in Lesotho, and Kavango Project, located in northeast Namibia.
Harmony Gold said on Friday that its Tshepong mine in South Africa remained shut and that lost production was expected to be 20 to 25 kgs of gold per day. South Africa's third largest gold miner said on Tuesday operations at Tshepong had shut after a worker died there following a rock fall.
Shareholders are advised that DRDGOLD expects its group gold production for the year ended 30 June 2011 (FY2011) to be about 10% higher than in the previous year, at around 265 200oz. Cash operating unit costs for FY2011 are expected to be about 8% higher. It is estimated that capital expenditure for FY2011 will be about 70% higher than the previous year, reflecting the continued development of the Crown/Ergo pipeline.
AngloGold Ashanti confirms that it has offered to sell, some 390,000 square metres of its neighbouring Savuka mining area for a consideration of R35 million, to Blyvooruitzicht Gold Mining Company, subject to the finalization of a binding agreement. The
Neighbour South Africa's influential Business Day reports as Zimbabwe’s shaky unity government inches ahead with extensive electoral reforms ahead of fresh elections now expected next year, the prospect of the country’s army seizing power looms large. In recent weeks, the military’s top brass has taken on a visible role in the country’s political affairs and has been brazenly opposed to security sector reforms. The military seized control of Zimbabwe's rich diamond fields in Chiadzwa in 2006 and most observers believe an international ban on these gems are being widely flouted.
South Africa-based gold miner AngloGold Ashanti Ltd. said Thursday that it offered to sell 390,000 square meters of undeveloped land next to its Savuka mine for 35 million rand ($5.1 million) to Blyvooruitzicht Gold Mining Co.
Business Live reports the outlook for the South African mining sector has worsened in recent weeks, economists from Nedbank said on Thursday. According to Statistics SA, growth in mining production slowed to 9.6% year on year (y/y) in May from 12.0% y/y in April. Gold output fell by 5.8 % y/y and was down by a seasonally adjusted 3.6% month on month (m/m), while non-gold output was dragged down by declines in platinum group metals, which declined 9.9% m/m, and coal, which was 6.3% lower m/m.
It also said in a statement that the strike was illegal and it was hoping to bring in measures to allow workers who wanted to return to their jobs to do so. "The situation has not normalized despite the undertaking that was made ... between the company
Eagle Eye Metals Limited (ASX:EYE) is pleased to advise that it has successfully completed its inaugural drilling campaign at the Dankassa Gold Project in Mali. Drilling by previous owners at the Dankassa Project defined extensive bedrock gold mineralisation in an area referred to as the Kourouba Prospect - a 5 kilometre long coherent gold in soil anomaly.
Multi-commodity miner Rio Tinto is reporting a continued decline in diamond production. In the second quarter of the year it mined 2,733,000 carats, a 24% decline compared to the prior year, the company said Thursday. It expects to end the year with a ...
Redpath South Africa has been awarded a first-of-its-kind incline tunnelling contract in Africa, thanks to the company’s innovative and cost-effective approach to the project.
AFRICAN Barrick Gold's (ABG) Bulyanhulu Gold Mine in Kahama District, Shinyanga Region, will inject 2 million US Dollars to water project to enable thousands of villagers access clean and safe water in rural Tanzania.
Strikes are looming in South Africa's gold and platinum sectors which could threaten global supplies at a time when commodity prices are red hot. South Africa's powerful National Union of Mineworkers (NUM) said on Wednesday wage talks with the country's main gold miners were deadlocked and it was preparing for a strike.
Bloomberg reported that gold exports from Sierra Leone are up 25%.
MDM Engineering Group Limited (MDM) is pleased to announce that it has been awarded the engineering, design, project and construction management (EDPCM) for Kalagadi Manganese (Pty) Ltd's crushing and screening plant, for their Umtu Project currently under construction at Hotazel in South Africa.
The Namibian reports 500 workers at Rio Tinto's Rossing uranium mine in Namibia downed tools on Tuesday in a dispute over production incentives. The news comes in the wake of a senior Rio Tinto executive telling Dow Jones on Monday that the mine – which accounts for over 5% of world production of uranium oxide – is losing money at the current price of under $55 per pound of U3O8. Rossing which lies partly inside the Namib-Naukluft Park (pictured) has produced uranium since 1976. Rio Tinto owns 70% while the Iranian government with 15% is the second largest shareholder.
The management of the Zondereinde division of Northam Platinum Limited (Northam) confirms that the National Union of Mineworkers (NUM) has declared a dispute with the company.
Zambia's Daily Mail reports Zambia is set to enter the world’s top five copper producers in the next three years as Vale South Africa, First Quantum Minerals Limited and Vedanta Resources Plc lead more than US$6 billion of investment in the country’s mines, an analyst at Wood Mackenzie unit Brook Hunt has said.
La Mancha Resources Inc. wishes to highlight that over the weekend an important step forward was achieved for Sudan, and its quest to bring long term peace and stability to the region.
Harmony Gold Mining Company Limited (Harmony) regrets to advise that a fall of ground accident occurred at its Tshepong mine in the Free State this morning,
Petmin has invested a further $1.5M in Iron Bird Resources, owner of the Mt Ginka iron ore exploration licence in northern Liberia. Iron Bird is now fully funded for the next stage of work, which focuses on geological mapping, trenching, drilling and
It has been reported that copper output in Zambia, Africa's top producer of the metal declined to 308,777 tonnes in the first five months of 2011 from 326,877 tonnes in the same period last year, the central bank said.