Africa Mining News

Congo seeks to soothe miners while holding course on changes

DRC tried to strike more conciliatory tone after week of heated exchanges between Africa’s top copper producer and some of its largest foreign investors.

South Africa gold miners seen close to silicosis lawsuit settlement

A class action suit brought against gold producers in South Africa is likely to be settled "within months" with $755 million going to miners suffering from fatal lung disease

Rio Tinto pays biggest divvy in history as profit hits three-year high

Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls “resilient” commodity prices.

Second accident in a week at a Sibanye-Stillwater mine kills two

Two employees were trapped underground and later died in a fall of ground incident at the company's Kloof gold mine.

Mining companies are suddenly positive on South Africa again

Cyril Ramaphosa isn’t even president yet and mining companies are already changing their tune on South Africa.

Gold price: 9 straight years of record annual mine production

New report shows world's mines produced all-time peak of 105 million troy ounces of gold in 2017 despite 9% drop in output in top producer China.

South32 prepares to spin off South African coal assets within six months

President and chief operating officer Mike Frasersaid company has received a number of offers for the assets, which it up for sale in November last year as part of a shift away from coal.

Zimbabwe to enter lithium market with $1.4bn mine

Country is backing Prospect Resources’ (ASX:PSC) Arcadia lithium project, expected to generate that much revenue over eight years.

De Beers on exploration spree as secures South Africa licences

The Anglo American unit is also said to be eying exploration licences in Zimbabwe and Congo.

Private capital favours investing in copper over gold for first time

New report shows private equity investment in mining jumped to $2.3 billion last year, with the bulk going into copper and battery metals.

Congo seeks more cobalt market control as batteries drive boom

The Democratic Republic of Congo will seek greater control of the global cobalt market by engaging directly with car and battery manufacturers.

Congo’s Gecamines to rework contracts with foreign partners

Some of the company’s international mining partners include major names such as Glencore, China Molybdenum and Ivanhoe.

Randgold doubles dividend as CEO charges against DRC mining code

Randgold boosted divvy to $2 a share, after a year of record production and soaring profits, but warned the good times may be over soon as it’s now facing demanding new regulations in Congo, one of its key jurisdictions.

A third of S.Africa miners say no new investments in 2018 – survey

The mining sector in the world's top platinum producer has in recent years been laid low by soaring wage and power costs, depressed prices, violent social and labour unrest as well as policy uncertainties.

Randgold calls Congo’s new mining code “draconian”

Mark Bristow says the law will “severely limit the growth of the mining industry in the DRC as well as the country's own economic prospects.”

Lulo diamonds sell for A$11.4 million

The sale of 4,170 carats of Lulo diamonds achieved gross proceeds of US$9.14 million (A$11.43 million), representing an average price per carat of US$2,192.

Gem Diamonds shares up on better sales, prices and string of 100-carat plus rocks

The company, which last month found the world’s fifth-biggest diamond in history at its flagship Letšeng mine in Lesotho, sold 21% more rocks in last quarter of 2017.

Electric cars and niche metals lure cash to Africa's mines

Here are five metals grabbing attention across the continent.

Sibanye-Stillwater trapped miners brought to surface safely

The National Union of Metalworkers of South Africa (Numsa) is demanding that Beatrix gold mine remains closed pending a probe and has asked the South African government to investigate why the operation apparently didn’t have a backup generator.

Globe CA appointed as preferred training partner to Claycrete Zambia

Globe Competency Assurance hosted a delegation from Claycrete Zambia and the Zambian National Service in Perth, WA today to support a large-scale ‘Road Rehabilitation Project’ commencing shortly in rural Zambia.

Glencore says copper output will rise as Katanga ramps up

The Katanga mine in Democratic Republic of Congo likely to add roughly 150,000 tonnes of copper and 11,600 tonnes of cobalt in 2018.

Acacia adopts fresh gold price protection measures

Miner has spent $2 million to lock in the option to sell 120,000 ounces of future output at $1,320 an ounce, as it waits for Tanzania exports ban to end.

World Copper Conference to be held in Santiago, Chile on April 9 to 11

CRU’s 17th World Copper Conference is a premier copper conference that attracts over 500 delegates.

More than 900 Sibanye miners trapped underground, not in danger

Originally there were more than 1,000 miners stuck underground, but sixty-four were rescued overnight.

Congo just gave the cobalt price another big boost

DRC stuns miners with immediate lifting of 10-year exemption for licensees, 50% tax on 'super-profits' and code permitting 5-fold increase in cobalt royalty.