Africa Mining News

World Bank, Germany, Rio and Anglo set up "climate smart" mining fund

The World Bank is targeting a total investment of $50 million, to be deployed over a 5-year timeframe.

Agarwal votes against Anglo American board appointment

Billionaire Anil Agarwal voted against Anglo American's appointment of a new Brazilian board member, saying the focus should be on South Africa.

Activists slam South Africa decision to pump water to coal mines

The groups argue that damage to human health and the environment caused by the projects would exceed the benefits of cheap power.

1,500 trapped miners at Sibanye's Rustenburg mine rescued

The incident may revive concerns about safety at Sibanye, which last year suffered a spike in fatal accidents at its gold mines.

Alphamin begins commissioning Bisie tin mine in DRC

Commercial production at the tin mine, which is surrounded by dense forest, deeply weathered soils and experiences high rainfall, is expected in the second half of the year.

South Africa's firebrand mine unionist is headed for a showdown

Union leader Joseph Mathunjwa has never hesitated to go head-to-head with powerful CEOs in South Africa's mining industry, but now he may have to face down the government.

Russia’s Nordgold injects another $70m into Guinea mine

Funds allowed Norgold to both extend Lefa mine’s life and improve efficiencies at the operation.

Guinea boosts power output to foster bauxite refining

Guinea expects to boost its energy production capacity by nearly four-fold over the next six years as it pushes mining companies to refine their bauxite output locally.

Sibanye agrees to raise offer for Lonmin on metal price gain

The increase should help bolster support from Lonmin investors, who still need to vote on the takeover.

South Africa's AMCU union says it hasn't broken labour laws

South Africa's labour registrar said in the government gazette this week that he intended to cancel the registration of AMCU.

Transnet installing new iron tippler to sustain iron ore exports

The $208 million project, which includes infrastructure such as a conveyor belt leading to the port, railway tracks and three bridges, is expected to start operations by July next year.

Coal hurts Anglo American’s Q1 production, 2019 guidance unchanged

Production dropped 6% in the quarter.

Output at South Africa's Amplats hit by Eskom power cuts

Power cuts implemented by Eskom, which supplies more than 90 percent of electricity in Africa's most advanced economy, pose a threat to miners.

Lucara finds largest uncut diamond in recent history in Botswana mine

The 1,758-carat diamond is larger than a tennis ball and weighs close to 352 grams (12.42 ounces).

Africa's Sibanye-Stillwater lowers valuation for miner Lonmin

Sibanye-Stillwater has revised its offer for Lonmin, with new terms that gave a valuation for the struggling platinum miner that was about $77m less than originally proposed.

Acacia Mining core profit slumps as Tanzanian troubles bite

Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania.

Ivanhoe to fast-track DRC mine into production after CITIC invests $454m

This second major cash injection brings the Chinese miner's total investment in Ivanhoe to $1 billion, which gives the Canadian company the equity cushion required to build its massive Kamoa-Kakula copper mine.

South African government says it intends to de-register AMCU union

AMCU, one of the largest trade unions in South Africa's mining sector, has thousands of members at gold and platinum mines.

JPMorgan ends a three-year bullish call on Anglo American shares

After almost three years of rating the mining giant’s stock as overweight, JPMorgan downgraded it to neutral on Wednesday.

Top miners back autonomous systems guidelines

The document divides operations into six levels, from zero (entirely manual) to five (fully autonomous), and assists in the preparation of a business case for autonomous mining, depending on level and needs.

De Beers expands pilot scheme in Sierra Leone to sell ethically sourced diamonds

Decision was made to give more artisanal and small-scale miners (ASM) the opportunity to benefit from the program, which helps them trace route of their diamonds throughout the supply chain.

China's Tsingshan expands plans for Zimbabwe steel plant

Tsingshan signed a $1 billion outline agreement to build a 2 million tonne-per-annum steel plant in Zimbabwe in June last year.

BMW to buy cobalt direct from Australia, Morocco for EV batteries

The announcement came as the London Metal Exchange (LME) launched an initiative under which it could ban or delist brands that are not responsibly sourced by 2022.

LME gets tougher on companies with ties to child labour, corruption

The initiative could see it ban or delist brands that can’t prove they are responsibly sourced by 2022.

Guinea transfers oversight of state mining company to Presidency

The move will hand Alpha Conde more authority over the country’s holdings in some of the world’s biggest bauxite deposits.