Africa Mining News

South Africa's cabinet approves new mining charter

The mining charter was introduced to redress the exclusion of black people in the mining sector under apartheid.

Liberia passes landmark law to secure ancestral land rights

President George Weah signed the Land Rights Act into law on Wednesday after four years of debate in the legislature.

DRA awarded feasibility study for the Lola Graphite Project in Guinea

The award of the Feasibility Study continues the partnership between DRA and SRG Graphite. DRA has been involved in the Lola project since the early stage, completing two mineral resource estimates and a preliminary economic assessment.

Botswana trims growth prospects, sees wider budget deficits

Botswana's economy is expected to expand by 4.5 percent this year.

Sibanye -Stillwater, Lonmin still committed to merger after competition watchdog decision

Sibanye and Lonmin said in a joint statement they remained fully committed to the deal, which is expected to close by the end of the year.

Metallon may pay suppliers in gold amid Zimbabwe cash shortage

Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output.

Congo expects declaration on strategic metals by end of October

Companies including Glencore, China Moly and Randgold Resources Ltd. have criticized the new laws as violating their rights, as well as being a deterrent to future investment, and are continuing to lobby for it to be significantly modified.

Glencore, China Moly face higher cobalt royalty taxes in Congo

The Democratic Republic of Congo will declare cobalt a strategic metal, imposing a 10 percent royalty tax on producers.

Ramaphosa gives taste of plan to kickstart South African economy

Ramaphosa revealed highlights of the plan at a Sept. 14 meeting and the full package should be announced at the Oct. 24 midterm budget.

South Africa's Eskom has coal shortages at 10 power plants – spokesman

Eskom said on Monday that it had fewer than 20 days of coal supplies at 10 of its 15 coal-fired power stations, posing a threat to national power supplies.

South Africa imposes tough conditions on Sibanye-Lonmin deal

The transaction would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.

South African unions sign wage deal with AngloGold Ashanti

Three-year wage deal may inch the country's gold industry a closer to ending a standoff over pay.

Petra Diamonds CEO to leave following shares value dip, debt increase

Johan Dippenaar has held the top position since 2005, when Petra merged with Crown Diamonds.

Kal Tire Wins Top Award at Electra Mining Africa 2018

Kal Tire’s Gravity Assist System won the award in the category of International Mechanical and Technology Innovation

Lucapa introduces Lulo diamonds into Angola's new diamond marketing system

According to Lucapa, policy shifts in the southern African country allow management to plan for the sale of such high-value stones, something the company was not able to do before.

Top platinum mines keep digging even as price at decade low

Although about half of South African output is estimated to be unprofitable, few companies are reducing production by a meaningful amount.

Barrick Gold seeks Chinese partners, may slash headcount: Globe

The Canadian miner may slash 400 jobs and involve Chinese partners in its troubled Tanzania operations.

Congo will declare cobalt and other minerals as "strategic" in coming days – mines minister

The government considers minerals with the "strategic" designation important for the economic, social and industrial future of the country.

Congo mines minister sees strategic metals decision 'very soon'

Congo’s updated mining code established the category of “strategic” minerals, to which a rate of 10 percent will apply.

Anglo American asks Angola for permission to explore for metals

The move makes the company the first mining major to request exploration permits in the country since President João Lourenço vowed to open up the sector and encourage foreign investment.

South Africa's Implats CEO confident of funding during restructuring

Implats is confident of having adequate cash while restructuring its operations and cutting its workforce despite reporting a wider full-year loss.

Gold Fields plans to extend life of Peru mine through 2040

South African miner Gold Fields Ltd aims to extend the life of its Cerro Corona gold mine in Peru through 2040 with an investment of at least $240 million.

Congo mines minister insists no compromise on new mining code

Democratic Republic of Congo's mines minister said that a new mining code signed into law that hikes royalties and taxes cannot be called into question.

Congo plans to build special economic zone for cobalt users

The area will allow producers of electric vehicles, smartphones and other goods to “install themselves in the DRC".

South Africa's iron ore railway to be shut down for annual maintenance

The railway line stretches up to 861 km (534 miles) from iron ore mines at Sishen in the Northern Cape to the Saldanha port in the Western Cape.