The World Bank is targeting a total investment of $50 million, to be deployed over a 5-year timeframe.
Africa Mining News
Billionaire Anil Agarwal voted against Anglo American's appointment of a new Brazilian board member, saying the focus should be on South Africa.
The groups argue that damage to human health and the environment caused by the projects would exceed the benefits of cheap power.
The incident may revive concerns about safety at Sibanye, which last year suffered a spike in fatal accidents at its gold mines.
Commercial production at the tin mine, which is surrounded by dense forest, deeply weathered soils and experiences high rainfall, is expected in the second half of the year.
Union leader Joseph Mathunjwa has never hesitated to go head-to-head with powerful CEOs in South Africa's mining industry, but now he may have to face down the government.
Funds allowed Norgold to both extend Lefa mine’s life and improve efficiencies at the operation.
Guinea expects to boost its energy production capacity by nearly four-fold over the next six years as it pushes mining companies to refine their bauxite output locally.
The increase should help bolster support from Lonmin investors, who still need to vote on the takeover.
South Africa's labour registrar said in the government gazette this week that he intended to cancel the registration of AMCU.
The $208 million project, which includes infrastructure such as a conveyor belt leading to the port, railway tracks and three bridges, is expected to start operations by July next year.
Production dropped 6% in the quarter.
Power cuts implemented by Eskom, which supplies more than 90 percent of electricity in Africa's most advanced economy, pose a threat to miners.
The 1,758-carat diamond is larger than a tennis ball and weighs close to 352 grams (12.42 ounces).
Sibanye-Stillwater has revised its offer for Lonmin, with new terms that gave a valuation for the struggling platinum miner that was about $77m less than originally proposed.
Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania.
This second major cash injection brings the Chinese miner's total investment in Ivanhoe to $1 billion, which gives the Canadian company the equity cushion required to build its massive Kamoa-Kakula copper mine.
AMCU, one of the largest trade unions in South Africa's mining sector, has thousands of members at gold and platinum mines.
After almost three years of rating the mining giant’s stock as overweight, JPMorgan downgraded it to neutral on Wednesday.
The document divides operations into six levels, from zero (entirely manual) to five (fully autonomous), and assists in the preparation of a business case for autonomous mining, depending on level and needs.
Decision was made to give more artisanal and small-scale miners (ASM) the opportunity to benefit from the program, which helps them trace route of their diamonds throughout the supply chain.
Tsingshan signed a $1 billion outline agreement to build a 2 million tonne-per-annum steel plant in Zimbabwe in June last year.
The announcement came as the London Metal Exchange (LME) launched an initiative under which it could ban or delist brands that are not responsibly sourced by 2022.
The initiative could see it ban or delist brands that can’t prove they are responsibly sourced by 2022.
The move will hand Alpha Conde more authority over the country’s holdings in some of the world’s biggest bauxite deposits.