Africa Mining News

Katanga Mining resumes cobalt exports from DRC

The company produced about 930 tonnes of contained cobalt since January through interim operational solutions.

Metallon halts output at three Zimbabwe gold mines over debts

A South African newspaper reported that the owner of the company is considering selling the operations.

Platinum edges out of doldrums at last as labor threat looms

After months of being ignored in favor of market darling palladium, platinum is finally getting some attention from investors.

Sibanye raises more cash with $125m Citi prepayment

This is the second major step by the company this week to build up cash as it faces a drawn-out labor dispute.

South African gold output has longest losing streak since 2009

Gold output fell 21 percent from a year earlier compared with a revised 23 percent drop in January.

Avesoro Resources sticks to 2019 guidance, despite gold output drop

The Canadian gold producer churned out 45,098 ounces of gold in the first three months of 2019, flat quarter-on-quarter, but 34% lower than in the same period a year earlier.

Zimbabwe, Russia sign $4B platinum mine deal

The mine would be built on one of the largest platinum mining concessions in the country.

Smart money is piling into oil

Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector.

Zimbabwe mulls 'use it or lose it' approach to mining rights

Zimbabwe may withdraw mining rights from companies that take too long to dig for minerals.

Nearly 2,000 Zambian villagers can sue Vedanta in England – Supreme Court

The latest ruling raises the prospect that other companies could face legal action in England related to their activities abroad.

Vale says BSG ordered to pay it $1.25B

The joint venture intended to explore for iron assets at the Simandou prospect, but the concession was revoked in 2014 by Guinea's government.

Walkabout Resources' stock rises as it tees-up Asian off-takers for its graphite

The company has entered its second binding offtake agreement in two weeks, contracting to sell 10,000 tonnes of large and jumbo flake graphite concentrate to a private company in China.

Don't bet on platinum miners boosting supply on price surge

Prices for platinum, palladium and rhodium have all gained in recent months, boosting earnings for miners in top supplier South Africa.

World's biggest platinum miner braces for tough wage talks

The largest union in the platinum industry wants its members to share the benefits of higher prices.

South Africa's carbon tax could cost Amplats $21m a year from 2021 – CEO

South Africa’s parliament approved a long-delayed carbon tax bill in February as part of plans to reduce harmful emissions in the country.

Ivanhoe execs brief Congo president on progress of massive copper project

According to Wood Mackenzie, it is the world's largest, undeveloped, high-grade copper discovery.

Niger to pay $14.5m for 10% of GoviEx’s Madaouela uranium project

Government and company agreements also allow for the Madaouela mining permit to expand and include an additional 5.96 million pounds of measured and indicated resources.

De Beers diamond sales hit highest level since mid-2018

The world’s top diamond producer by value sold  $575 million in its third sales cycle of this year, the highest since the fifth cycle of 2018, when it recorded $581 million.

A million tonnes of copper is on the way: it may not be enough

Giant mines currently under construction will churn out an additional one million tonnes of copper through 2023, but that won’t be enough.

Firestone finds another massive diamond at Lesotho mine

It's the second one over 70-carat Firestone has found at its Liqhobong mine this year.

$6 billion private capital ready to invest in mining

Fundraising by unlisted funds for investment in natural resource reached a record $93 billion last year.

Investors with $10 trillion in assets pressure miners over tailings safety

The move is aimed at providing a tool for institutional investors to assess the risk from their holdings in mining companies.

World Diamond Council advocates for Africa's artisanal diamond miners at international forum

The WDC believes that initiatives such as the peace process in the Central African Republic boost fairness in the artisanal mining sector.

Goldcorp shareholders approve Newmont's $10B takeover offer

The deal also will be voted on by Newmont shareholders next Thursday. If approved, the deal is expected to close by June.

How countries are getting tougher with mining companies

A mix of political populism, higher commodity prices and the expectation electrification will spur demand for raw materials has led governments to change the rules for miners operating in their countries.