Africa Mining News

Striking workers block access to Gold Fields South Africa mine

The strike, involving more than 3,000 workers, started Friday afternoon to protest the gold miner’s plan to cut jobs.

Electric car demand fuelling rise in child labour in DR Congo – campaigners

"There is absolutely no way any company in the world could assure its consumers that the cobalt in its products is not tainted by child labour."

Zambia power system glitch cuts electricity supply to some mines

Power restoration has started but it will be gradual.

Barrick's Randgold acquisition may spur more gold M&A

The market may see the wave of consolidation we’ve been waiting for - Michael Siperco, analyst at Macquarie Capital Markets.

Gold miner Sibanye's profit plunges after fatal accidents hit output

Shares in Sibanye-Stillwater hit a monthly low on Thursday, down 13.28 percent.

Mining veteran wants to build a $1B battery metals giant

TechMet Ltd., which controls just a handful of assets from Canada to Rwanda wants to help challenge China’s domination of the nascent industry.

Gold Fields workers to strike over planned 1,100 job cuts at South Deep

The National Union of Mineworkers (NUM), which represents around 80 percent of the employees at the mine, will down tools on Friday.

China's CNNC seeking overseas partners to secure uranium

"Our vision is to be the world's leading uranium company" - Ni Tao deputy manager of China National Uranium Co Ltd

Zimbabwe's RioZim shuts mines over dollar shortages

The company had run out of critical consumables and spares required for its mines, forcing the shutdown

S.Africa's Implats in talks to sell 1 Shaft operation in Rustenberg

Implats plans to trim staff by about a third -- more than 13,000 jobs -- over two years at its Rustenburg platinum belt.

Barrick, Randgold sweeten dividend ahead of takeover deal vote

Randgold plans to sweeten its 2018 dividend by 35%, to $2.69 per share from $2, and pay it before the merger closes.

Gem Diamonds revises up full-year output target as recoveries on the rise

So far in 2018, Gem has found thirteen diamonds over 100 carats, two of which were found in the third quarter.

South African diamond miner wants to go digital

Epiroc and Kimberley Ekapa Mining are working together to digitize the latter’s diamond operations.

Randgold Resources' Mali gold mining complex ramps up production

Increased grades expected in Q3 and Q4 of this year.

Zimbabwe lithium miner sees first production in Q2 next year

The southern African nation is pushing the metal as a major draw for investors as it looks to attract capital to its mining sector following the ousting last year of former president Robert Mugabe after almost four decades in power.

Rio says Chinalco pact for $1B Simandou stake has lapsed

Rio and Chinalco have decided to explore other options to realize value from the project.

Zimbabwe gold producers warn currency shortage threatens output

Zimbabwe's mining industry is facing “severe viability challenges” because of the shortage of hard currency

World’s two top diamond miners join forces to test blockchain pilot

Alrosa has joined rival De Beers' Tracr industry blockchain traceability platform, aimed at clearing the supply chain of imposters and conflict diamonds.

Firestone hails strong start of second quarter despite slight recoveries fall

The Africa-focused miner sold a 68-carats white diamond for just under $1 million, which became its third most valuable stone to date.

Zimbabwe’s government to give mining claims to artisanal diamond miners

Villagers living around the Marange diamond fields would benefit.

Vedanta says will invest $700-$800m in South Africa smelter

Investment in South Africa on the rise

Gold output at Randgold's Ivorian mine to fall 23.3% below 2018 forecast

The production forecast has been revised to 230,000 ounces of gold for this year.

Barrick's bet on African gold maestro faces first test in Congo

While Kibali has been a crowning achievement for Randgold, it’s set to challenge Mark Bristow's trouble-shooting skills even before he takes over as CEO of the enlarged company.

Namibia scraps black ownership rules for mining exploration licences

Rules threaten the diamond and uranium producer's ability to attract investment.

Glencore posts rise in copper, cobalt output on Katanga restart

Glencore's copper production rose to 1,063,100 tonnes from the start of this year and cobalt output jumped 8,700 tonnes to 28,500 tonnes.