Africa Mining News

SEMAFO pours first gold at Boungou mine

SEMAFO Inc is pleased to report that it has completed its first gold pour at the Boungou Mine in Burkina Faso, slightly ahead of the original schedule. The first pour yielded approximately 325 ounces of gold.

AngloGold says no production impact from Guinea power protests

Members of a local community near our Siguiri mine have been protesting the temporary rationing of power, which is an unfortunate necessity.

Mining investors spooked as African dispute payments multiply

Miners across Africa are increasingly using one-time payments to settle disputes with governments, a trend that’s disturbing some investors.

South Africa's Exxaro expects H1 thermal coal output to rise 1%

Exxaro Resources Ltd expects coal production for the half year to June 30 to increase by 1.7 percent to 23.52 million tonnes.

Sibanye-Stillwater hit with lawsuit over mounting fatalities, losses

US law firm Bernstein Liebhard said the suit would deal with "misleading statements" made by the precious metals producer, which has had 21 fatalities on its operations so far in 2018.

Ghana OKs AngloGold plan to reopen mine that battled illegal miners

The country's environmental protection agency has issued permits for AngloGold's Obuasi mine, paving the way for its redevelopment.

Glencore bets on South Africa as Ramaphosa promises revival

As the company’s former business partner and new President Cyril Ramaphosa promises an economic recovery, Glencore is reaping profits.

Employee fatally injured at Khomanani mine

Johannesburg, 26 June 2018: Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) regrets to report that a colleague has tragically passed away at our Khomanani mine at the Driefontein operation. For reasons still to be determined, […]

De Beers just sold 34 million rough diamonds more than last year

The $575-million figure represents a 6% increase from the $541m obtained in the same period last year and 3.7% higher than the $554m it sold last month.

Jindal Steel South Africa units file for business protection

South African units of Jindal Steel & Power Ltd. filed for a local form of bankruptcy protection known as business rescue this month.

Mauritian exchange sees $6.5 bn gold trading in five years

Part of the Indian Ocean island nation’s plan to become a financial gateway to Africa.

No resolution yet for Acacia Mining tax row with Tanzania’s Gov’t

Barrick, which has been negotiating on Acacia’s behalf for over a year, had said it would deliver a deal for Acacia’s board to vote on by the end of June, but now says talks are ongoing and it has backed away from setting a new deadline.

Workers protest at Newmont Ghana’s operation

The US-based miner, however, cannot directly negotiate wages and other benefits with its subcontractor’s employees.

South Africa mine lobby is said to plan free carry challenge

The Minerals Council “will make a comprehensive submission” to the Department of Mineral Resources and participate fully in a summit planned for July.

Asanko, Gold Fields $185 million-venture in Ghana gets the green light

Miners area are teaming up to develop one of Ghana’s newest gold mine, the Asanko Gold Mine (AGM), located in the Ashanti Region.

South Africa coal terminal boosts productivity with $98m upgrade

South Africa's Richards Bay Coal Terminal has boosted productivity after a 1.34 billion rand ($98 million) machinery upgrade, the firm said on Thursday.

Zambia aiming for power prices that reflect costs by end 2018

The new measure will affect global mining firms including First Quantum Minerals, Glencore, Barrick Gold Corp and Vedanta Resources which currently pay a flat rate of 9.30 cents/kWh.

Cobalt explorers see Congo mine law offset by price, high grades

Junior miners exploring for cobalt in the DRC reckon increased prices and the country’s high-grade deposits will offset the added costs of new legislation larger companies have opposed.

Global copper output up 7.1 pct in first three months of 2018

Miners around the globe produced 330,000 more tonnes of copper between January and March this year than in the same period of 2017, helped by higher production in world’s leader Chile.

BPI launch marks a new era in battery driven mining technology in SA

Battery Power Industries (BPI), an innovative battery driven mining vehicle solution provider has officially launched. BPI targets zero emission underground mining equipment with their advanced battery energy systems technology offering.

Battery startup gets funding to develop cobalt-free products

Conamix’s technology is intended to reduce the cost of batteries used for electric vehicles and grid storage.

Sibanye-Stillwater commits to restoring and improving on safety at its operations

Sibanye has experienced an increase in safety incidents at its Southern Africa operations, with 20 employees losing their lives since February 2018.

Gold street is where South Africa’s mining history goes to die

Additional cuts are to come across mines and towns in South Africa, once the world’s biggest producer of gold.

Ten killed in Zambia copper mine dump collapse — police

Another 10 are injured after a dumping site for copper mining waste collapsed in the town of Kitwe in the country's Copperbelt province

Former mine workers and dependents can now register interest in historic silicosis/TB settlement

The historic settlement was reached on 3 May 2018, after three years of extensive negotiations, between the companies and the claimants’ attorneys.