Africa Mining News

Zimbabwe's parliament orders Mugabe to answer questions over diamonds

Former leader Robert Mugabe will have to answer questions next month about whether the state was deprived of $15 billion in diamond revenue.

Strike halts gold output at two Randgold mines in Mali — union

The strike at the company’s Loulo and Gounkoto mines is related to the payment of bonuses and will continue until the issue is resolved.

De Beers launches Sierra Leone-based pilot to remove ‘conflict diamonds’ from the market

The world’s top diamond miner will train artisanal and small-scale miners and provide them with tablets as well as a diamond “toolkit” to digitally track their stones throughout the supply chain.

Embattled Acacia Mining keeps losing money due to Tanzania tax row

Revenue in the first quarter slumped almost 50% due mainly to reduced operations at its flagship Bulyanhulu gold mine.

Diamonds confirm existence of planetary “embryo”

A planetary “embryo” gave origin to the meteorite fragments that form the Almahata Sitta collection.

South Africa's Eskom says facing coal shortages at 7 power plants

Eskom supplies around 95 percent of South Africa's electricity, predominantly by burning coal.

South Africa's PIC rejects ATON's takeover offer for Murray & Roberts

M&R rejected the bid saying it undervalued the company.

Chinese investors key as cobalt price hits month low

Cobalt27 CEO lines up Chinese automaker deals, ponders HK listing: “There is a lot of interest and it is natural because it is where all this will happen”.

Moti Group is open to selling shares in Zimbabwe mine operation

The Moti Group would be open to listing the stock in its operation provided it makes “business sense and has a strong rationale behind it.”

Billionaire Agarwal hires AngloGold's CEO to run Vedanta

Agarwal, who has been hunting for a new Vedanta CEO for more than a year, has consistently sought talent from the world’s biggest miners.

IMF resumes lending to Chad following Glencore debt deal

The Central African oil producer reached an agreement in principle to restructure its more than $1 billion debt to Glencore and four banks.

Local media report 40 people killed at DRC mine

The accident has been reported by different local websites.

Zimbabwe to sell shares in state-owned firms as part of reforms

Zimbabwe is looking to sell shares in 35 state-owned firms, including telecoms and mining entities.

Last hurrah for the zinc price

The price of zinc fell to a four month low on Thursday – there's much more pain to come says new report.

Poor left out of mining profits as 'resource curse' hits Kenya

There were cases of displacement of communities, workers subjected to unsafe conditions, as well as soil, water and air pollution.

Glencore is losing billionaire allies to Trump's sanctions

In just four months, Glencore Plc chief Ivan Glasenberg has lost two of his closest business allies, billionaires Oleg Deripaska and Dan Gertler.

Harmony Gold says $519,000 of metal stolen from S. African mine

Thieves broke into Harmony Gold Mining Co.’s Kalgold mine Tuesday morning and stole 12 kilograms (386 ounces) of the precious metal.

De Beers is said to lift diamond prices for second straight sale

The company raised prices a similar amount in its previous sale at the end of February.

Burkina Faso to end tycoon Frank Timis's manganese mining contract

Timis's Pan African Burkina Limited (PAB) acquired the rights to the Tambao mine, which it says holds 100 million tonnes of manganese reserves, in June 2012.

Lucara recovers 472 carat diamond, third largest ever for Karowe

Recovered from the Karowe Diamond Mine located in Botswana.

Botswana's Tati Nickel Mine out of liquidation after court ruling

When it was placed under liquidation, Tati had incurred a cumulative loss of 1.6 billion pula ($165 million) and owed creditors one billion pula.

Vedanta Resources expects supply constraints to sustain zinc prices

Vedanta could accelerate expansion of its African zinc operations to take advantage of strong prices.

Mining industry must improve human rights, environment protection — index

The Responsible Mining Index, launched in Geneva on Wednesday, assesses the policies and practices of 30 large companies that produce 25 percent of mined commodities, from gold to copper and coal, operating in more than 40 countries.

South Africa's mines minister aims for new mining charter by May

The charter's problem areas included raising the target for black ownership to 30 percent from 26 percent.

Operations restarted at Newmont's gold mines in Ghana -spokesman

Operations were shut down on Saturday following an accident in which six construction workers were killed.