IAMGOLD (TSX:IMG) is taking a further step towards diversifying its power needs into renewable energy, with a plan to install at 15-megawatt-peak (MWp) solar power plant at its Essakane mine in Burkina Faso.
Africa Mining News
The company's mission includes a commitment to ensure communities are better off as a result of its presence.
For the second consecutive year, PDAC will host the International Mines Ministers Summit (IMMS) with 25 countries attending to it.
US Foreign Investment Committee scrutinizing South African gold miner's $2.2 billion offer for the only US platinum, palladium producer.
A number of suspensions, most notably Katanga Mining in the DRC, have contributed to a tight metal market.
Mineral explorers, government and academic researchers, and other key stakeholders from more than 35 countries have visited the public repository to access the 10 gigabytes of pre-competitive geoscience data stored online.
Sam Walsh's bonuses, potentially worth millions, had been delayed for at least two years as investigations continue into dubious payments related to Simandou iron ore project in Africa.
Gahcho Kué, owned by De Beers Canada and Mountain Province Diamonds, is expected to produce around 54 million carats of rough gems over its 12-year lifetime.
t’s dangerous‚ often fatal‚ but illegal underground gold mining is pretty much all that sustains the economy of Lindelane‚ a sprawling township of tin shacks and shebeens near Benoni‚ to the east of Johannesburg.
Study shows mining has sparked "unparalleled inorganic compound diversification" like rabbittite at Lucky Strike, Utah and a handful found on smelter walls
TAKRAF GmbH has secured a major contract for the turn key supply and installation of a bauxite handling plant in Guinea, West Africa. The contract value is approximately 100 mill Euros.
The shortage of copper predicted for the next five years has the potential to skyrocket prices due to upcoming supply issues.
Both provinces displaced Western Australia from the first to the third place thanks partly to their rich mineral reserves, competitive tax regimes, efficient permitting procedures, and certainty surrounding environmental regulations.
Khoemacau mine will initially produce 50,000 tonnes of copper and 1.4 million ounces of silver a year, but future expansions could increase output to at least 120,000 tonnes of copper annually.
With six drill rigs currently active on site, and two more to follow soon, Acacia expects to increase the resource to 2 million ounces by the end of the year.
Northam Platinum’s strategy of buying additional mines, as its strives to become a 1-million ounce a year platinum group metals producer, netted it Glencore’s Eland Platinum mine for R175m cash.
The top 10 ranking of the lowest all-in cost gold mines in the world – former US president Herbert Hoover was once in charge of no. 8 on the list.
The Gochagar Lake project, until now property of Diamond Hunter, consists of four claims covering 3,759 hectares located in northern Saskatchewan.
The target group was the the top diamond consumer in 2015, a year in which most commodities plummeted, hitting the mining industry very hard.
A drill program at the mine's North Kao deposit has added 262,000 ounces to the reserves, extending Karma's life to more than 10 years.
Miners and explorers are only spending a third of what they did four years ago – and proportion of greenfield exploration are at record lows.
The company originally intended to combine its Tongo project with Tonguma, but it has now decided to become the mine's operator.
The world's No.1 iron-ore producer recorded a net profit of $3.98 billion in 2016, a significant recovery from a loss of $12.13 billion it reported a year earlier.
A surge in commodity prices combined with its multibillion-dollar asset fire-sale has put the company in a position to pay big dividends and explore acquisitions.
Work on AngloGold Ashanti's Mponeng gold mine in South Africa started in 1981 – a brownfield expansion project will extend the mine's life beyond 2050.