Africa Mining News

Four dead after armed robbers storm DRC gold mine

An armed attack on the Twanziga gold mine in eastern Democratic Republic of Congo (DRC) Tuesday has resulted in four casualties.

Mountain Province just found this massive diamond at Gahcho Kué

The 67.87-carat gem quality octahedron diamond, unearthed during production ramp-up, is the largest of its kind recovered to date at the remote mine.

Coking coal price finally breaks fall

Indian consortium plans to restart Benga mine in Mozambique bought from Rio Tinto for a fraction of Melbourne company's original purchase price.

US mulls scaling back ‘conflict minerals’ rule

The US Securities and Exchange Commission is reconsidering the rule, which requires companies to trace and report whether their products contain minerals from a war-torn part of Africa.

Kumba Iron Ore settles tax dispute in South Africa

The miner, Africa's largest iron ore producer, will pay R2.5 billion, considerably less than the original R6.5 billion it had been asked to cough up.

South African judge clears path for Ivanhoe Mines’ Platreef mine development

Judge revoked an interim order that prevented the company from relocating graves present at its Platreef platinum group metals mine, in Limpopo Province.

AIIM acquires majority stake in DSM Corridor Group Tanzania

African Infrastructure Investment Managers (AIIM), a leading African infrastructure equity investment manager and member of Old Mutual Alternative Investments (OMAI), has announced the successful acquisition of a 60% effective interest in DSM Corridor Group Tanzania (DCG), a specialist dry bulk terminal operator in the Port of Dar es Salaam.

Kenya’s new mining act is a modern piece of legislation with a few issues to iron out

The new Act is largely considered to be a modern piece of legislation that is clear in terms of timelines and structures, but that still has a few challenges that need to be addressed.

Did this financier just call the end of the mining rally?

Private equity firm Orion selling $1 billion worth of royalty, streaming and offtake assets covering gold, silver, base metals and diamonds.

Randgold resumes Tongon mine operations after deal with workers

Employees who had staged an illegal sit-in at the mine returned to work Wednesday after management and authorities reached a deal with them, the company said.

Here’s what miners should expect and do in 2017

While companies face different outlooks and challenges depending on the commodity they mine and their size, Deloitte says they should all should be looking for the answer to one common question — “Going forward, where should we play and how can we win?"

Lucapa adds Motahe project in Lesotho to portfolio, shares jump

The project, which has existing infrastructure, a camp and a diamond processing plant in place, is located just 5km from Letšeng, the highest dollars-per-carat kimberlite diamond mine in the world.

New rare earth miner lists in London, raises $10 million for Burundi project

Rainbow Rare Earths plans to restart the Gakara mine, which operated for 30 years until 1978, and that still holds high grade of the coveted elements.

Newcrest Mining gold output falls, but copper rises

Newcrest's gold production dropped to 614,715 ounces in the quarter ended in December, from 615,498 ounces in the three months immediately prior and 620,691 ounces a year ago.

Randgold Resources hit by illegal sit-in at Tongon mine

Company said talks are underway to stop an illegal sit-in that started last week by some employees demanding annual ex-gratia payments.

Global gold mining output to decline further

Only Africa and Oceania bucking the trend says new study.

Lucapa Diamond in trading halt ahead of acquisition of new project

The Africa-focused diamond miner said it expects to resume trading before the open on Tuesday next week.

South Africa blames AngloGold, Sibanye of refusing to comply with safety laws

Mines minister Mosebenzi Zwane noted that 19 of the 73 miners who died in South Africa last year lost their lives at operations run by those companies.

Loopholes in Mali’s export tax regime make it a magnet for the illicit trade of gold in West Africa

Mali’s taxation practices applicable to gold exports have turned the country into West Africa’s illicit gold trading hub, Partnership Africa Canada said in a report published today.

Copper takes some shine off Anglo American’s results

The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.

Anglo’s Kumba Iron Ore just got a lot more attractive to potential buyers

The company, Africa's largest iron ore producer, expects profits to more than double this year on the back of higher iron ore prices and a weak rand.

The world's 10 largest copper mining projects

INTERACTIVE MAP: Together reserves at the global top 10 copper mining projects are worth more than $360 billion.

Kibali ends challenging year with strong finish

The Kibali gold mine in the Democratic Republic of Congo has continued its performance improvement in the second half of the year after a tough first half.

Endeavour Mining reports record gold output in 2016, shares climb

The company, which earlier this month revealed is in merger talks with African gold producer Acacia Mining, expects to produce between 600,000 and 640,000 ounces of the precious metal this year.

Palladium price surges to 22-month high

Years of underinvestment in top producer South Africa affecting supply.