Africa Mining News

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.

Congo Republic ships first iron ore ahead of expected production boom

A ship loaded with 23,000 tonnes of ore set sail for China Friday, where it will be processed for a European buyer.

Roxgold and Newcrest close deal on Séguéla project in Côte d’Ivoire

Drilling is set to begin April 24 on multiple exploration targets.

Petra Diamonds on a roll after another major find at Cullinan

The find is the third Type II D-colour gem-quality diamond weighing more than 100 carats recovered since March and the fourth such rock discovered in the current financial year.

Mick Davis a step closer to mining iron ore in Guinea with Liberia deal

Niron Metals, an investment vehicle co-founded and headed by Davis, has struck a deal with Liberia allowing it to use a rail and port to export iron ore from Guinea's Zogota iron ore deposit.

Glencore Coal chief development officer named Katanga CEO

Jeff Gerard named to the top job, taking over from Danny Callow.

B2Gold’s beats first quarter production targets

Consolidated gold production was 230,859 ounces, 6% (12,704) ounces above budget.

Zimbabwe attracts two new investors to develop platinum mining projects

The southern African nation has the second largest platinum deposits after South Africa.

Moroccan miner Managem considering raising $200m in bond sales

Last month, Managem reported a 16% drop in 2018 revenue after metal prices fell on international markets and its Bakkoudou gold mine in Gabon closed.

Five-month strike at Sibanye-Stillwater mines ends with deal

The company, South Africa's largest gold producer, has run up losses of about 1.6 billion rand ($114 million) and about 110,000 ounces of missed gold output because of the labour action.

Operations resumed at Zambia's Munali nickel mine

The restart of operations follows a refurbishing process designed by new operator CNM back in 2014.

Botswana unveils rare 20-carat blue diamond, the country’s largest ever

Botswana's state-run Okavango Diamond Company has unveiled what is believed to be the largest blue diamond ever discovered in the southern African country.

Cupric Canyon secures financing for Khoemacau project in Botswana

A $565m funding package brings Cupric Canyon Capital one step closer to turning its Khoemacau project into a major copper and silver mine in northwestern Botswana.

Interactive map pinpoints lead battery energy storage installations globally

Lead battery-powered energy storage highlighted by research consortium’s online map.

Rapaport proposes diamond industry optimization plan to government of Sierra Leone

Rapaport says the model should guarantee that government diamond revenue provides vital infrastructure to the communities where the diamonds are found.

Anti-mining activists in South Africa face harassment, death — report

Opponents to mining projects in South Africa are often harassed, threatened and sometimes even killed, according to a report by a group of human rights advocates including Human Rights Watch.

Uranium industry weighs rules that have bomb watchers twitching

United Nations officials and atomic regulators are poised to loosen rules on the industry, unlocking finance to take more radioactive material out of the ground without corresponding new checks.