Africa Mining News

Rio Tinto's minerals sands operation in South Africa shut by protests

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.

Experts come up with plan for protecting deep-sea life from mining

An international group of researches have recommended 18 quantitative metrics that regulators can use to assess seabed mining projects.

Wage talks begin in South Africa's shrinking gold industry

Negotiations start against the backdrop of stark declines in the industry that was once the world’s largest.

Huge diamonds keep coming out of Lucapa’s Lulo mine in Angola

This time is a 114-carat white stone.

2,500 job cuts weren’t enough for world’s no. 2 platinum miner

Implats isn’t the only one facing difficulties, with about half of the industry’s production estimated to be unprofitable.

Tiger Resources' $260M Congo asset sale to Chinese firm collapses

Tiger expects to release a new Life of Mine Plan for the assets in 6-8 weeks.

South Africa mines minister delays finalisation of draft mining charter

Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the world's top platinum producer.

Zambia delays projects to cut debt and woo IMF back to talks

The IMF has warned the southern African nation is at high risk of debt distress, while investors have grown skeptical about the amount of external loans.

Barrick’s Acacia Mining keeps suffering from Tanzania row

Gold production for the three months to June dropped 36% to 133,778 ounces as operations at two its three mines - Bulyanhulu and Buzwagi – were scaled back.

First Quantum given time to solve $7.9 bn Zambian tax row

First Quantum, which operates the Kansanshi and Kalumbila mines in the country, accounted for more than half of Zambia’s copper production last year and is the biggest individual taxpayer.

Thermal coal prices hit 6-year high

Seaborne price for coal used in electricity generation scales $120 a tonne as South Africa diverts exports for domestic use and Asian demand spikes.

Finds at Lucapa’s Lulo project jump on record mined diamonds

Production at Lucapa's 40%-owned Lulo project, in Angola, rose 20% during the June quarter.

S. Africa seeks re-opening of shuttered mines to boost economy

Mineral Resources Minister Gwede Mantashe believes mines on care and maintenance are bad for the economy.

Petra Diamonds sells stake in Kimberley Ekapa JV for $22 million

The Kimberley Ekapa joint venture focuses on mining in the South African town of Kimberley.

Nigeria to offer 12.7 bln naira mining contract to eight firms

Nigeria will offer a 12.7 billion naira ($41.6 million) mining contract to eight companies in exploration and consultancy, its junior mining minister said on Wednesday.

Nautilus Minerals tanks on shipbuilding contract cancellation

Fresh setback for the company’s Solwara 1 project, expected to be the world’s first seabed gold, copper, silver mine.

US probe darkens Glencore horizons from Africa to Americas

Investigation is casting a wider net with the addition of Venezuela and Nigeria to its investigation, increasing the likelihood that Glencore’s management will get bogged down in a lengthy legal process.

Burning villages, ethnic tensions menace Mozambique gas boom

Women’s cries just after 1 a.m. confirmed Barnabe Samuel Mussa’s worst fears -- an attack was underway.

Sibanye cuts South Africa gold output forecast after deaths

Sections of Sibanye’s Masakhane mine, where an earth tremor resulted in the death of seven workers, have been shut for rehabilitation until February.

LME to get tougher on cobalt companies with ties to the DRC

Starting next year, it will demand firms that get at least 25% of their metal from small-scale mines in the DRC to be subject of a professional audit.

Glencore hammered as US requests documents in corruption probe

Shares fell as much as 13% after the miner and commodities trader was told by US Department of Justice to produce documents on Nigeria, Congo and Venezuela.

Congo court suspends hearing on Glencore-owned cobalt mine

Until last month, Glencore was fighting three lawsuits in Congo that called into question its control of its prized copper and cobalt mines.

Lucapa digs up another large diamond, this time in Lesotho

Australia’s Lucapa Diamond (ASX:LOM) has found an 89-carat yellow diamond at its 70%-owned Mothae mine in Lesotho during the current bulk sampling program.

Sibanye, Regulus join efforts to develop Argentina’s Altar project

Sibanye Canada and Regulus’ newly formed Argentinean subsidiary Aldebaran Resources will create a strategic partnership to unlock value at the copper-gold project, located in the San Juan province.

Bluerock Diamonds trades up on resumption of production at Kareevlei

Company says that changes made to the crushing circuit will positively impact the plant’s performance,