Canaco Resources Inc. (TSX VENTURE:CAN) ("Canaco" or the "Company") is pleased to announce it has completed its previously announced bought deal financing for aggregate gross proceeds to Canaco of $119,880,000 and aggregate gross proceeds to […]
Africa Mining News
Mt. Burgess has identified a large zinc soil geochemical anomaly on its Kihabe-Nzuu base metals prospect in Botswana. Mt Burgess Mining NL (ASX: MTB), which has been actively exploring Botswana and Namibia for more than a decade -- initially for diamonds
South Africa's gold output rose 15.1 percent in volume terms in January while total mineral production rose 4.3 percent compared with the same month a year earlier, data showed on Thursday.
Institutional shareholders in Riversdale Mining are moving toward backing global miner Rio Tinto's sweetened A$3.9 billion takeover offer for the Mozambique-focused coal miner, Riversdale's chief executive said on Thursday. Rio Tinto raised its offer to A$16.50 a share on Thursday in a final bid to woo key shareholders who have held up the deal, and extended the offer for a third time, to April 1.
IAMGOLD Corporation signed a memorandum of understanding on Monday with China National Gold Group Corporation to cooperate in the development of mineral deposits. "This agreement marks the beginning of what we believe will be a […]
Bellzone Mining announced on Tuesday that it had completed a US$133 million placement of 102 million ordinary shares. Canaccord Genuity Limited was the lead manager. Bellzone, an AIM-listed company, is developing two iron ore and nickel/copper assets in Guinea, West Africa. The Kalia iron deposit, a 50mtpa iron ore operation, is the company's flagship project.
TanzaniteOne Limited, the gemstones producer and developer, today announces the recovery of the third largest high quality gemstone ever mined in the 10 years operating history of the tanzanite project. The 12,100 carat (2.42 kg) rough tanzanite stone
The South African diversified miner said the numbers had been boosted by a rise in commodity prices and higher output from its projects
South African private investment company Ngwenda Gold - which holds extensive gold prospecting rights in South Africa's Free State Province - announced today that its court bid to reverse the hi-jacking' of its identity
In the 1980s unrest in the Middle East and a surge in oil prices, were the triggers which drove gold to record highs. The current Middle East/North Africa (MENA) unrest could see history repeat itself. It is possible to draw parallels between today's
Japan is keen to invest "billions of dollars" in minerals and infrastructure in Africa, trying to catch up to regional rival China for influence on the continent, a Japanese trade official said on Tuesday.
SGS announced plans to open a new multi-purpose laboratory equipped for geochemical and metallurgical testing in Monrovia, Liberia. This new laboratory will be strategically located to service the growing needs of the minerals exploration industry in West […]
Feature article from the Wall Street Journal: Rio Tinto has prided itself on the fact that more than 80% of its assets are in OECD countries. So its $3.9 billion deal last month to buy […]
Shaft Sinkers Holding, the South African developer of vertical and decline shafts for underground mines and infrastructure, has announced its intention to list on the London Stock Exchange on December 23rd. Read more
During October and November, Sandvik Mining and Construction secured a number of orders for bulk materials handling and continuous mining/crushing systems in South America, Africa and Asia.
Electrical and automation equipment supplier Elquip Solutions has been contracted to install electronic equipment manufacturer Hitachi’s EH 150 programmable logic controller (PLC) and the EHV central processing unit (CPU) at gold miner DRDGold’s Ergo mine […]
Automation and control specialist company Systems Automation & Management (SAM) has upgraded the old instrumentation and control systems at several coal mines, as well as at a rapid load-out station, owned by global diversified miner […]
IAMGOLD Corporation (TSX:IMG)(NYSE:IAG)(BOTSWANA:IAMGOLD) has launched a full feasibility study to review the expansion of the Essakane Mine in Burkina Fasoin West Africa. Read the full press release
RBC Capital Markets notes that South Africa has been plagued by a power shortage since early 2008. "Over the past two years, the situation improved only because the economic environment slowed dramatically, reducing electricity demand. At […]
Danish manufacturer of breakers for the mining and quarrying industry, steelworks and the demolition market Fractum plans to introduce its range of rock and steel breaking attachments into the South African market. Read more
Ventilation, refrigeration and cooling specialist BBE Projects reports that it has commissioned its first two surface main fan station turnkey projects for the South African mining industry. Read more
The possibility of possible nationalization of South Africa's key mining sector rumbles on. Is this likely to happen? Julian Phillips looks at the politics behind the rhetoric. Read more
TRIO says that one of its “greatest strengths is the close relationship shared with value added equipment distributors like Pilot Crushtec [in South Africa]." Read more
World first technology and strategic Russian/South African partnership set to assist in conquering the global 1.3 billion tonne steel market
An initial investment by OAO Severstal, one of the world’s leading integrated steel and mining companies, into South African company Iron Mineral Beneficiation Services (IMBS), could see IMBS’s cutting-edge technology enter the global market and […]