Africa Mining News

Canaco completes $120 million treasury bought deal financing and $43 million secondary bought deal financing

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 […]

Australian Junior unearths large zinc anomaly in Botswana

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

SA gold output volumes rise 15.1% in January

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 support for Rio Tinto offer is growing – Riversdale CEO

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 signs memorandum of understanding with China Gold

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 […]

Unrest in Libya and aluminum prices

MetalBulletin is tagging stories related to unrest in the Middle East and North Africa so readers can assess possible impacts on the mining sector.

West African iron-ore miner completes US$133 million placement

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.

Tanzanite One discovers exceptional 12,100 carat tanzanite stone

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

ARM announces tripling in H1 profit

The South African diversified miner said the numbers had been boosted by a rise in commodity prices and higher output from its projects

Ngwenda Gold wins in court bid to reverse ‘hi-jacking’ of identity, assets

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

MENA unrest could see gold revisit 1980s and hit $2000

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 to invest billions in Africa to compete with China

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 to Open Multi-Purpose Commercial Laboratory in Monrovia, Liberia

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 […]

Rio Tinto Digs Deeper Into Africa

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 to list on London Stock Exchange

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

​Sandvik Mining and Construction receives major project orders in materials handling

​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.

Gold recovery operations improved by new control systems

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 […]

Four mine control systems upgraded

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 Launches Expansion Feasibility Study for its Essakane Mine in Burkina Faso

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

South African PGM mining – the power squeeze

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 breaker maker to 
introduce the world's biggest hammer into SA market

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

BBE completes its first two surface main fan station turnkey projects

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

Will South Africa nationalize its gold and platinum mines?

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 and Pilot Crushtec working together to help African mines’ with crushing and screening

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 […]