Africa Mining News

Africa Mining Indaba: Dam safety, Zambia taxes, Ford on cobalt

Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries.

Visualizing corruption around the world

Today’s chart pulls its numbers from the recent 2018 Corruption Perceptions Index report, which has been published by Transparency International annually since 1995.

Zambia fires CEO of state mining investment arm ZCCM-IH

Zambia, Africa's No.2 copper producer, introduced a new 10 percent tax when the price of copper exceeds $7,500 per tonne.

Botswana's first private coal mine to produce saleable coal in March

Our target market is the southern African region at 1.2 million tons per annum, using a combination of road and rail transport.

Ivanhoe drills Kamoa-Kakula’s best intersection to date

The company is currently drilling close-spaced holes at the new discovery to better understand its controls and orientation.

South African miners want restructuring of power firm Eskom

"We need Eskom to be made into a much more efficient, cost-effective organisation"

Near-record high vanadium prices boosts Bushveld Minerals 2018 results

Repair work in the fourth quarter slightly impacted production, but that was more than offset by surging vanadium prices as demand for the metal grows.

Canadian miner wants its uranium project in Niger solar-powered

GoviEx Uranium is studying the possibility of powering its flagship Madaouela project in Niger using a renewable hybrid solar power solution.

Danakali’s potash project could be a game changer for Eritrea — UN

UNDP says the Colluli potash project has the potential to significantly boost Eritrea’s economy and advance the country’s sustainable development agenda.

Vedanta’s Zambia unit says new tax regime won't affect jobs

“Our actions are designed to sustain and create jobs, grow the economy, and contribute more to the treasury.”

South Africa to debate whether to split Eskom – Gordhan

The fiscus doesn’t have space for endless bailouts.

Canada's M2 cobalt miner encouraged by initial drilling in Uganda

"Historically it was a world-class producer, so we know cobalt is there."

Gemfields to pay $7.8m to settle human rights abuses claims in Mozambique

The precious gemstones miner has agreed, on a no-admission-of-liability basis, to settle claims brought against it by a group of 273 Mozambicans related to its ruby mine in northern Mozambique.

Rethinking mining strategies among the top-10 global trends to shape 2019

Mining companies now need to determine how to operate in a market that is characterized by rising stakeholder demands, a widening talent gap, as well as dwindling access to key inputs such as energy and water, says Deloitte in its latest annual report.

Kibali breaks records across board, all key production parameters above plan

"Our commitment to the DRC, made 10 years ago when Randgold started developing Kibali, has not dimmed" - Mark Bristow

Lucara recovers 240-ct gem from Karowe

Since mining began in 2012 at Karowe, a total of 43 diamonds heavier than 200 carats have been recovered, including 12 stones larger than 300 carats.

Sherritt’s year end and 2019 guidance

Sherritt owns 50% of the Moa joint venture, and at Ambatovy it is the operator and holder of a 12% interest.

Petra slumps as it digs up too many cheap South African diamonds

Petra has been seeking to turn around its fortunes after piling up debt to expand its flagship Cullinan mine in South Africa.

Angola to hold first diamond auction

Angola has vowed to increase diamond production and per carat value, aiming to become a top 3 producer by 2021.

RosCan reports positive results from drilling campaign in Mali

The miner said that significant amounts of saprolite-hosted gold mineralization was discovered.

Barrick CEO on Zambia tax dispute: Threats don't solve problems

“We don’t believe that threatening one’s partner is a constructive way to go about solving problems.”

Endeavour boosts gold production 50% in 2018

The company expects its 2019 gold production to increase to 615,000 to 695,000 oz. gold and its AISC to remain in the $760 to $810 per oz. gold range.

South Africa's RBCT says 2018 coal exports fall

"The markets are a reality, they are outside RBCT's control" - Nosipho Siwisa-Damasane, RBCT chairwoman.

Barrick’s Tongon mine hits production targets despite strikes, social unrest

After nine months of intermittent production caused by illegal strikes and social unrest, Tongon gold mine achieved its revised production target of 230,000 ounces for 2018, down from 288,680 the previous year.

Lucara on track to develop underground operation at Karowe

The goal is to extend the Botswanan mine life from 2026 to at least 2036.