The miner said it continues to seek a “constructive dialogue” with the country's government to gain assurance that its operations will not be affected by newly enacted mining law.
Africa Mining News
Democratic Republic of Congo has decided to more than double the size of its planned Inga 3 hydroelectric plant to make it more economical, after the $14 billion project was hit by financing problems.
The Rakounga Gold concession is a 250 sq km property contiguous to the company's 2nd gold project — Bouboulou.
Study shows Q2 2017 new private capital for natural resources investment dropped to lowest since 2011 and not a single mining fund were able to raise money.
Weak uranium market and new Tanzania’s regulations named the main culprits.
While the kidnapped drivers have been released it’s still uncertain where they are and what happened to their trucks.
Kumba Iron Ore Limited today announces the appointment of Mr Bothwell Mazarura as Chief Financial Officer and Executive Director, effective 1 September 2017.
Democratic Republic of Congo's government has formally requested financial support from international donors as it confronts a worsening economic crisis, a letter seen by Reuters on Thursday showed.
While major global companies are part of Ghana’s mining sector, illegal gold extraction is a chronic issue in the country and deadly accidents are frequent.
The 126-carat is the latest in a string of major discoveries Gem Diamonds have made at Letšeng this year.
Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.
Case has potential to set precedent for other foreign claims.
President John Magufuli has also ordered the mining ministry to freeze the renewal of expired permits.
South Sudan doesn’t officially export gold, but experts consider it the world’s most promising frontier exploration destination.
GK-IT Environmental Services, a South African leader in bioremediation and environmental product manufacture, is diversifying from the mining industry to the petrochemical and oil refinery sector.
The two new laws allow the government to force mining and energy companies to renegotiate their contracts.
The company also evacuated all of its employees at Namoya mine after trucks belonging to a contractor were caught in crossfire between soldiers and a local self-defence militia.
Only five out of the 19 illegal workers believed to have been at the pit when the accident happened have been rescued since Sunday.
Two of them are foreign firms.
Endeavour pays 48% premium to acquire Avnel Gold and its "shovel ready" Kalana project in Mali.
The funds from Beijing would contribute towards building 1,400 km of a planned 4,000 km railway network, which would connect bauxite mines and production sites.
Company will make final decision on its development by mid next year.
The firm, a joint venture between De Beers and the southern Africa country's government, plans to extend the lifespan of its Jwaneng mine beyond 2024.
The company, which owns the Cullinan mine that has produced the two largest diamonds in the British Crown Jewels, said output and revenue will be lower than market expectations.
Measure is part of a restructuring aimed at “protecting the viability” of the company’s South African business over the long-term, AngloGold said.