Implats is confident of having adequate cash while restructuring its operations and cutting its workforce despite reporting a wider full-year loss.
Africa Mining News
South African miner Gold Fields Ltd aims to extend the life of its Cerro Corona gold mine in Peru through 2040 with an investment of at least $240 million.
Democratic Republic of Congo's mines minister said that a new mining code signed into law that hikes royalties and taxes cannot be called into question.
The area will allow producers of electric vehicles, smartphones and other goods to “install themselves in the DRC".
The railway line stretches up to 861 km (534 miles) from iron ore mines at Sishen in the Northern Cape to the Saldanha port in the Western Cape.
Since their discovery in early 2009, the ruby deposits near Montepuez in Mozambique have produced an impressive number of exceptional-quality stones.
South32’s South Africa Energy Coal unit, the country’s third-biggest exporter of the fuel, was split into a standalone business earlier this year.
The mining industry is an integral contributor to the South African economy, especially in terms of employment.
After more than two decades of improving mine safety since the end of apartheid, South Africa’s progress has stalled with an increase in gold-mining deaths.
Democratic Republic of Congo's revenues from its mining sector nearly tripled in the first half of 2018 over the same period last year to $864.61 million.
Zimbabwe will fast-track plans to settle its debt arrears, a key step needed to restore investor confidence in the country’s economy.
Fertiliser miner Danakali aims to raise $322 million this year to develop giant potash reserves in Eritrea.
This summer’s crash in commodity prices is turning it into a year to forget for miners. Unless you dig the world’s biggest diamonds.
An agreement has been reached on separating laws for the country’s oil industry and dropping a bill to govern the two sectors.
Assore reported a 1.9 percent fall in annual profit on Thursday as a strong rand currency offset favourable commodity prices and higher sales.
Acacia — Tanzania's No.1 gold miner— will retain a net smelter return production royalty over the project, capped at $15 million.
Transaction, which gives CITIC a 20% stake in the Canadian miner, has received all necessary approvals and it’s expected to close on Sep. 19
Negotiations between management, workers, community leaders and the government created an agreement under which workers are being re-employed in phases.
Societe Miniere de Bisunzu Sarl resumed purchases of the ore after a three-month shutdown at one of the country’s largest deposits.
The Finance Ministry is targeting a budget shortfall of 6.5 percent of gross domestic product next year, compared to 7.4 percent this year.
Namibia's Desert Lion Energy ceases all operations as Chinese lithium prices plummet to three-year lows – down by half since the start of 2018.
Sibanye said in a statement that it would fund the tender offer from existing cash resources.
Lonmin has been the biggest casualty in South Africa's platinum mining industry.
The year-to-date gain is 16.6 per cent, and the metal used to power nuclear reactors is on track to record a second annual increase.
The Goulamina mine is one of the world’s largest undeveloped high-grade lithium deposits and will represent 15% of the current global lithium supply.