Africa Mining News

AngloGold taking Tanzania to UN court over country’s new mining law

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.

Congo revamps Inga hydro project in bid to make it economical

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.

Nexus Gold acquires 3rd gold project in Burkina Faso, West Africa

The Rakounga Gold concession is a 250 sq km property contiguous to the company's 2nd gold project — Bouboulou.

Private capital says no to mining

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.

Russian state corporation suspends $1.2 billion uranium project in Tanzania

Weak uranium market and new Tanzania’s regulations named the main culprits.

Banro resumes operations at Namoya after militia violence prompted halt

While the kidnapped drivers have been released it’s still uncertain where they are and what happened to their trucks.

Kumba announces appointment of new CFO

Kumba Iron Ore Limited today announces the appointment of Mr Bothwell Mazarura as Chief Financial Officer and Executive Director, effective 1 September 2017.

Congo requests financial support from donors amid economic crisis

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.

Ghana calls off search for 17 trapped illegal miners

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.

Another huge diamond unearthed in Lesotho mine

The 126-carat is the latest in a string of major discoveries Gem Diamonds have made at Letšeng this year.

Top 50 mining companies reshuffle as Chinese, lithium firms climb rankings

Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.

London court hears Vedanta's challenge to Zambian villagers' pollution claim

Case has potential to set precedent for other foreign claims.

Tanzania suspends granting of new mining licences

President John Magufuli has also ordered the mining ministry to freeze the renewal of expired permits.

Economic chaos fuels gold mining rush in Africa's newest nation

South Sudan doesn’t officially export gold, but experts consider it the world’s most promising frontier exploration destination.

Bioremediation: the answer to spillage risks in the petrochemical sector

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.

Tanzania-focused miners face fresh challenges as country passes new laws

The two new laws allow the government to force mining and energy companies to renegotiate their contracts.

Banro halts gold mine in Congo due to violence, shares collapse

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.

Ghana mine collapses, 14 trapped underground

Only five out of the 19 illegal workers believed to have been at the pit when the accident happened have been rescued since Sunday.

Egypt awards gold mining tender to four companies

Two of them are foreign firms.

Payday for investors in Mali-focused gold junior

Endeavour pays 48% premium to acquire Avnel Gold and its "shovel ready" Kalana project in Mali.

Ghana signs $10B MOU with China for bauxite project – Senior Minister

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.

Randgold schedules Massawa project for feasibility finalization

Company will make final decision on its development by mid next year.

Botswana's Debswana to extend Jwaneng diamond mine life beyond 2024

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.

Petra Diamonds warns output to fall short, shares crash

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.

AngloGold Ashanti may axe up to 8,500 jobs at South African mines

Measure is part of a restructuring aimed at “protecting the viability” of the company’s South African business over the long-term, AngloGold said.