Output will continue to shrink as miners chase ever-deeper ore bodies while struggling to keep costs down.
Africa Mining News
South Africa's Harmony Gold said on Monday annual bullion production for 2018 has exceeded its guidance, boosted by its Moab Khotsong operation.
The miner said it expects to produce 4.6 million to 4.8 million carats in 2019, well below the 5.0-5.3 million carats it forecast in July last year.
Dushnisky will join AngloGold in September, ending the search to replace Srinivasan Venkatakrishnan, who left the world’s third-biggest gold miner in April to run India’s Vedanta.
It’s been a year since Acacia Mining Plc’s majority shareholder started talks on its behalf to end a standoff with the Tanzanian government.
The latest Mining Charter doesn’t provide solutions to the industry’s challenges and will make it difficult for companies to buy and sell assets.
From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.
Guinea is in constant talks with Rio Tinto and Chinalco to finalise a deal on the Simandou iron ore project, its mining minister said on Tuesday, adding he was confident an agreement would be reached. […]
Producers have been giving above-inflation wage hikes for years, adding to the cost burden of an industry that has been battling in the face of depressed prices, labour unrest and soaring power bills.
Lincoln Strategic International announced today the expansion of its service offerings with the launch of LSI Africa, which addresses the human capital acquisition and management issues faced by mining companies, project consultants and investors in Africa
South Africa's Solidarity trade union will accept a three-year wage offer from state-run power utility, Eskom.
The world's no. 1 platinum producer has spun off an internal fund and invested $100 million in a new venture capital fund
South Africa’s mining industry is heading for the deadliest year since 2012 after six people died in an underground fire at Palabora Mining.
Moti said he’d be willing to sell as much as 25 percent to the right partner, but ruled out any prospect of an initial public offering.
Gemstone producer us is expanding its footprint in Mozambique by acquiring nine ruby assets from ASX-listed Mustang Resources and Regius Resources Group.
Labour action has brought gold production to a halt.
Streaming deal involves production from Sibanye's Stillwater and East Boulder mines, located in Montana.
The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing.
They claim mounting investigations into the firm’s dealings in the DRC, where it’s heavily invested, has made the stock collapse and investors may seek compensation for the losses caused by it.
Canada's Barrick Gold Corp lowered its full-year copper production forecast on Wednesday while increasing its cost estimates, saying the change reflected operational challenges and planned work at its Lumwana mine in Zambia.
A mineral sands operation on the South African coast run by Rio Tinto has been closed since Friday due to violent community protests which saw a security guard killed earlier this week, the company and a union said on Wednesday.
An international group of researches have recommended 18 quantitative metrics that regulators can use to assess seabed mining projects.
Negotiations start against the backdrop of stark declines in the industry that was once the world’s largest.
This time is a 114-carat white stone.
Implats isn’t the only one facing difficulties, with about half of the industry’s production estimated to be unprofitable.