FLSmidth has won a five-year contract from OCP S.A. (formerly known as Office Chérifien des Phosphates) to operate port equipment for handling phosphate, fertilizers, and sulphur.
Africa Mining News
Move comes barely seven months after Rio Tinto agreed to sell it its stake in Simandou for up to $1.3 billion.
The 373.7-carat diamond, sold during the Vancouver-based miner’s $54.8 million recent tender, was one of 15 large and high value diamonds offered by the company.
BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and evidence of Chinese demand cooling earlier than expected.
Here are the top 10 diamond mines in terms of output in carats and value.
Today’s infographic comes from Eurocontrol Technics Group, and it highlights the global problem of fuel theft.
It’s been a bad week for iron ore, with all indices steeply lower on Friday for a second consecutive day.
A higher South African rand versus the U.S. dollar was to blame for lowering Sibanye Gold's (NYSE:SBGL) net operating profit in the first quarter.
Mid-tier gold producer B2Gold (TSX:BTO) has had an excellent start to the year, producing more gold at lower costs than expected from its four mines in the Phillippines, Namibia and Nicaragua.
De Beers Group today announced it is leading a ground-breaking research project that aims to deliver carbon-neutral mining at some of the company’s operations in as few as five years.
The D-colour Type-II diamond is one of the highest-quality stones to come out of the company’s Letšeng mine.
In Asia, trading was halted after prices sank 7.3%, which is the maximum a day allowed by Chinese regulators.
Quarterly revenues were about half of the revenues posted in the year-ago quarter.
Despite producing less gold, Kinross Gold (TSX:K) made more revenue in the first quarter and is proceeding with an aggressive plan that will slash costs and increase production at its Tasiast gold mine in Mauritania.
The top 10 largest mines in the world by value produced are estimated to represent 58% of global production.
Despite the drop in production, the gold miner kept guidance unchanged for its 2017 financial year at 540,000 ounces.
Industrial and precious metals, coal, oil, as well as natural gas, collectively accounted for just 6.2% of foreign direct investment into the continent last year.
Government officials’ comments add bitterness to the already resentful locals, following wave of negative coverage of Chinese mining practices in the Ghanian media.
Entrepreneur, financier and company-maker.
Deal creates one of the largest diamond mines in West Africa.
The Russian miner wants to recover $271 million it lost when a state-backed company failed to complete the acquisition of a 50% stake in its Nkomati mine in South Africa.
Net income totalled $2.5 billion, compared with profit of $525 million in the prior three months and almost $1.8 billion a year earlier.
In a first for Madagascar, Sherritt International’s Ambatovy operation has commissioned their CYBERMINE heavy equipment, operator training simulators.
The Africa-focused diamond producer aims to recover 300,000 carats from its Liqhobong mine by the end of the financial year.
The Morila operation continues to deliver value in its post-mining phase while progressing plans to develop the site into a commercial agricultural hub after its closure in 2019, Randgold Resources chief executive Mark Bristow said at an on-site media briefing today.