Africa Mining News

Congo state miner wants meeting over Katanga cobalt-export

“They are taking unilateral decisions that we haven’t verified, that we haven’t certified” - Gecamines President, Albert Yuma

Global cobalt glut won't be stemmed by Glencore Congo output stoppage

Disruptions to cobalt supplies in the DRC are not expected to eradicate a glut of the material used to make batteries for electric vehicles, thwarting hopes that prices can be boosted from their lowest since March last year.

Ivanhoe Mines shares jump as it finds new copper-rich area in Congo

Exploration drilling at the Kamoa North prospect area, which forms part of the company's Kamoa-Kakula mining licence, has defined two new, continuous corridors of shallow and high-grade copper mineralization.

Congo opposition reneging on unity boosts Kabila protege

Kabila’s anointed successor in power would raise the risk of instability in a key supplier of the metals used in electric vehicles and mobile phones.

Lonmin workers ask South African tribunal to stop merger with Sibanye

If approved, merger would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.

RSC Mining and Mineral Exploration partners with Terra Modelling

The agreement provides a considerable combined offering to the mineral exploration and mining market.

Zimbabwe platinum miners plan base-metal refinery, minister says

The processing plant has been under consideration since at least 2014.

South Africa's Gold Fields Q3 production down 3%

South Deep has faced numerous operational obstacles below the surface and is undergoing restructuring that would cut around about 1,100 jobs.

Kinross on track for 2018 production and costs

The company achieved solid production and generated a positive cash flow.

Cobalt prices could rally 30% by mid-2019

Glencore's suspension of Congo exports shows how cobalt production expansion plans can go awry.

Acacia takeover by merged Barrick an option — Randgold CEO

Acacia has three operating mines in Tanzania and is engaged in a protracted and ugly disagreement over taxation with the government.

Glencore's radioactive news may help give cobalt its buzz back

Glencore Plc’s sudden discovery that some of its cobalt is radioactive couldn’t have come at a better time.

Anglo finds returns outweigh risks as it renews Africa focus

The storied miner is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns.

Botswana Diamonds yields control of South African project to contractor

Deal will allow the company to self-fund the Thorny River project from bulk sampling through to mine development.

Caledonia buys back 15% interest in Blanket gold mine in Zimbabwe

After completing the transaction, Caledonia will own 64% of Blanket.

Car battery pioneer says new breakthrough will lower cobalt use

The technique could lower cobalt content to as little as 4 percent of battery cathodes, from about 20 percent needed in some now.

South Africa's Harmony Gold Q1 output surges on Hidden Valley, Moab Khotsong

Harmony Gold reported a 30-percent jump in quarterly total production boosted by its Hidden Valley and Moab Khotsong mines.

Randgold ready to mediate in Acacia's Tanzania row before Barrick tie-up

Bristow, who will be CEO of the merged firm, did not give specifics about what that mediation would involve, but said he would be acting in his capacity as Randgold's chief executive not as the head of Barrick.

Canadian diamond miner grows output from South African mine

Diamcor Mining announced that following its previous release on the initial tender of 2,606.50 carats of rough diamonds, it delivered an additional 5,335.83 carats before the end of October.

Glencore’s Congo unit halts cobalt exports from Kamoto mine

The temporary suspension comes as Katanga found excessive levels of uranium in the mine's ore.

Court sides with gold fields as South Deep strike continues

Gold Fields insists that it will not back down from its decision to reduce the workforce and says the strike may only cause more job losses.

AngloGold may sell Mali mine after failing to agree investment

AngloGold says it has started the process of selling the Sadiola mine, a joint venture with IAMGOLD.

Zimbabwe to announce winning bidders for mining assets in two weeks

We would like to see each and every asset owned by ZMDC getting into production - Mines Minister Winston Chitando

Barrick chairman says miner eyes nimble future after Randgold deal

Barrick Gold shareholders "overwhelmingly" approved its all-stock acquisition of Africa-focused Randgold Resources.

Barrick, Newmont said to be in talks to merge Nevada operations

Experts believe the US firm could achieve $300 million in operating and cost savings from combining its mines in Nevada with those of the Canadian rival.