Africa Mining News

First Quantum mines in Zambia also affected by power supply cuts

Zambia's state power company made the decision amid an ongoing dispute over the implementation of new electricity tariffs in the country.

ArcelorMittal South Africa considers job cuts, restructuring

ArcelorMittal South Africa is considering job cuts and restructuring to save costs in a challenging global steel market and recession at home, it said on Tuesday.

Stellar Diamonds extends sale of Guinea assets, refinances loan

The diamond miner decided to offload those units to focus on its Tongo-Tonguma project in Sierra Leone, which has the potential to generate earnings of $45 million a year.

High-grade rare earths confirmed at Burundi prospect

Total in-situ are earth oxides are estimated to be in the range of 47 to 67%.

Zambia's copper mine suspends operations after restricted power supply

Glencore's Zambian Mopani Copper Mines unit suspended operations in certain areas on Saturday after the Copperbelt Energy Corporation (CEC) restricted power supply to its sites in both the Kitwe and Mufulira regions.

Cooking oil could help clean up mercury at mining sites, researchers say

Researchers worked out a way for a canola oil polymer to trap mercury metal, mercury vapour and organo-mercury compounds

Lonmin to sell surplus platinum capacity to raise cash

Platinum miner Lonmin Plc said on Monday it would cut costs and sell some assets, including processing capacity of up to 500,000 ounces per year, as it battles to overcome a weak market and to preserve jobs.

More than 21,000 mining jobs on the line in South Africa

Workers call the situation "a jobs bloodbath"

Mining industry can now predict opposition to projects before it's too late

Chalkstone was born out of counter-insurgency tactics used by troops in Afghanistan, but its unique methodology is now being used by miners, which can map-out power structures and counter the potentially crippling risk of strikes and political opposition.

Lucara considering partnership to sell 1,000+ carat rough diamond

The company that unearthed the world's second-largest diamond but has so far failed to sell it, is mulling a partnership to sell the giant stone if a buyers is not found within the next six to eight weeks.

South Africa’s mines minister withdraws plan to suspend rights

South Africa's mineral resources department has withdrawn its plan to impose a moratorium suspending the issuance of new mining and prospecting rights, which had drawn a court challenge by an industry group.

HMA South Africa announces exclusive Fireye distributorship

The Fireye range of flame monitoring and combustion control equipment for industries as diverse as petrochemical and power generation is now available from HMA South Africa, the newly-appointed exclusive distributor for the region.

Lucara Diamond lowers output target for the year, but pays divvy

The Canadian diamond miner now expects to produce between 265,000 carats and 285,000 carats, compared with the previously targeted 290,000-310,000 carats.

Sibanye Gold planning job cuts in S.Africa mines revamp

South Africa's Sibanye Gold will restructure operations in its domestic market, a move that could affect 7,400 of its employees, the gold and platinum miner said on Thursday.

South Africa's Gold Fields sells Darlot mine in Australia for $15 million

The buyer, Perth-based Red 5, is also acquiring Saracen Mineral Holdings' King of the Hills mine.

Zimplats says Zimbabwe asks court to enforce mining land seizure

Zimbabwe has filed a court application to enforce a previous notice to seize more than half of platinum producer Zimplats' mining land, the company said on Wednesday.

Rio Tinto’s first-half profit soars 93%, investors getting $3bn back

The company will return a total of $3 billion to shareholders: $2 billion on the dividend side and $1 billion of share buybacks.

Barrick Gold, Tanzania begin talks to resolve Acacia Mining dispute

The world’s largest gold miner hopes to reach an agreement over claims against its subsidiary and the country’s current ban on mineral concentrate exports.

NGO brings out legal gold from the Congo

Partnership Africa Canada says the gold was one of the first legal gold purchases from the DRC.

Anglo American takes a charge of US$101M due to silicosis legal action

Appeal hearing planned for March 2018.

ADU 2017 Conference: Globe to Host Panel ‘Africa’s People Puzzle’…

From 6-8 September in Perth, WA.

Here’s how to avoid being caught in mining scams

These courses can help you identify and evaluate the risks involved in mining investments before it’s too late.

Zambia's Konkola mine halts operations at Nchanga mine after cable theft

Zambia's Konkola Copper Mines (KCM) said on Tuesday it was halting operations indefinitely at its Nchanga underground mine (NUG) in Chingola state due to theft of high voltage cables.

Junior miners talk new opportunities, and challenges

While the mood at the recent Junior Indaba mining event was sombre when it came to South Africa’s policy environment, there were some interesting opportunities being mooted for minerals like lithium.

Kumba resumes divvy thanks to stronger iron ore prices in first half

Shareholders hadn’t received dividends since 2015, when iron ore fell below $40 a tonne amid a global crash in commodity prices.