Africa Mining News

Lucara on track to develop underground operation at Karowe

The goal is to extend the Botswanan mine life from 2026 to at least 2036.

Anglo American rides out iron ore hitches in strong 2018

Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.

Russia's Alrosa, China’s Anjin to dig for diamonds in Zimbabwe

World’s top diamond producer by output Alrosa and China-owned Anjin are the two foreign companies chosen by Zimbabwe's government to partner the state-diamond miner in exploring and digging up diamonds.

Mapped: Foreign direct Investment by country

The data comes from a recent report by the United Nations Conference on Trade and Development.

Ghana pledges no repeat of incursions at AngloGold mine

“The sequence of events that led to the closure of the mine will not recur under the watch of this government.”

Many Toronto-listed miners don't disclose environmental and social info — report

The Responsible Mining Foundation says companies gain from strengthening their ability to ‘know and show.

First Quantum calls off massive job cuts in Zambia

The Canadian miner planned to lay off 2,500 workers due to higher mining taxes in the country, but has now decided to continue dialogue with the government over the issue.

BME’s Africa offerings and focus on show at Indaba

The investing in African Mining Indaba show runs from February 4th to 7th in Cape Town.

Roxgold anticipates strong 2019

The Yaramoko mine is situated in the Houndé greenstone belt region in the Province of Balé in southwestern Burkina Faso.

South Africa's economy to grow to 1.3 percent in 2019 -World Bank

The World Bank sees South Africa's gross domestic product growing by 1.3 percent this year, an improvement from a forecast of 0.9 percent for 2018.

S.Africa's AMCU issues further strike threat to Sibanye

Sibanye said it had received AMCU's demands and that they were being considered by management.

Tanzania to cancel licenses for undeveloped mineral sites

The announcement comes amid a tax dispute between the state and Acacia Mining Plc.

To meet climate goals, world urged to reuse natural resources

"It is like when you look in your closet on a morning and you only look for pants"

Gold Fields dismisses AngloGold merger report

Bloomberg speculated two South African firms could combine to create 6 million ounce per year producer as merger fever grips the gold mining industry.

Jervois Mining offers C$16.6m in shares for Uganda cobalt projects

Jervois, which has applied for a prospecting licence in Tanzania, says the deal would complement its efforts to establish a presence in east Africa.

Strike takes shine off Barrick’s Loulo-Gounkoto production results

Company said the output decline was a consequence of a week-long strike at the Mali operation.

Fourteen miners killed in Rwanda tin mine after hill collapses

Piran Resources is part of Pella Resources, an Africa-focused natural resource and energy group.

Barrick mulls selling Zambia copper mine over higher taxes

While company denied media reports that it had sold Lumwana, it said that given the challenging conditions the mine was facing in Zambia, all options would have to be considered.

Record $93B private capital flows into natural resources

But only sliver of funds raised destined for mining and metals

Glencore tightens grip on Congo mining unit as scrutiny sharpens

Glencore tightened its grip by appointing new executives and entering a management services contract to run its troubled Congo copper and cobalt unit.

Mali's gold production up 23% in 2018

Mali's industrial production of gold rose 23 percent last year to 60.8 tonnes, Mines Ministry spokesman Boubacar Sissoko said on Friday.

Burkina gold miners shaken by Islamic terror

This week, the country’s parliament voted to extend a state of emergency that has been in place since Dec. 31, by six months – following a string of terrorist incidents in several northern provinces, included the recent murder of Canadian geologist, Kirk Woodman.

China Moly ups stake in giant Tenke copper mine to 80%

Company has agreed to buy BHR Newwood DRC Holdings Ltd, a holding company set up by private equity firm BHR to buy a 24% stake in the Congo mine in 2017.

China’s slowdown is miners' single biggest fear this year — report

Based on answers from 51 senior executives, lawyers White & Case say that trade tensions are the second largest challenge for the mining industry in 2019 and reveal what the underlying full-picture looks like.

TLT-Turbo African consolidation creates a market first turn key solution

TLT-Turbo has concluded the consolidation of several South African based operations.