“They are taking unilateral decisions that we haven’t verified, that we haven’t certified” - Gecamines President, Albert Yuma
Africa Mining News
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.
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.
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.
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.
The agreement provides a considerable combined offering to the mineral exploration and mining market.
The processing plant has been under consideration since at least 2014.
South Deep has faced numerous operational obstacles below the surface and is undergoing restructuring that would cut around about 1,100 jobs.
The company achieved solid production and generated a positive cash flow.
Glencore's suspension of Congo exports shows how cobalt production expansion plans can go awry.
Acacia has three operating mines in Tanzania and is engaged in a protracted and ugly disagreement over taxation with the government.
Glencore Plc’s sudden discovery that some of its cobalt is radioactive couldn’t have come at a better time.
The storied miner is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns.
Deal will allow the company to self-fund the Thorny River project from bulk sampling through to mine development.
After completing the transaction, Caledonia will own 64% of Blanket.
The technique could lower cobalt content to as little as 4 percent of battery cathodes, from about 20 percent needed in some now.
Harmony Gold reported a 30-percent jump in quarterly total production boosted by its Hidden Valley and Moab Khotsong mines.
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.
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.
The temporary suspension comes as Katanga found excessive levels of uranium in the mine's ore.
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 says it has started the process of selling the Sadiola mine, a joint venture with IAMGOLD.
We would like to see each and every asset owned by ZMDC getting into production - Mines Minister Winston Chitando
Barrick Gold shareholders "overwhelmingly" approved its all-stock acquisition of Africa-focused Randgold Resources.
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.