Africa Mining News

How iron carbonates help form diamonds

Scientists say that under the peculiar conditions present deep in the Earth's mantle, iron carbonates can play a role in forming diamonds.

Petra jumps on Tanzania letting it resume diamond exports

Stock closed 12.2% higher at 64.80p, after it had fallen on Tuesday to its lowest since late 2015.

Two die in attack to Avocet Mining’s convoy in Burkina Faso

Vehicles were carrying fuel to the company's Inata gold mine.

SLIDESHOW: Paulson hedge fund in blistering attack on top gold miners

“If we don’t do anything we will continually be disappointed and the industry will slowly dig itself into a hole of irrelevance and oblivion.”

Lucara sells world's second-largest diamond for $53 million

London-based Graff Diamonds paid nearly $47,777 per carat

Sula strikes 'bonanza grade' gold in Sierra Leone

The Sierra Leone-focused miner has found gold of almost "bonanza grade" at the Ferensola gold project in the Sula Mountains of Sierra Leone.

Banro halts gold mine in Congo as access road blocked

The Canadian miner said measure was taken after violent groups blocked main road to the mine, which has prevented essentials from reaching the operation.

Investors wary as Tanzania moves to assert more control over mines

New laws and a crackdown on mining firms in Tanzania has slowed fresh investment in what has long been seen as one of Africa's brightest mining prospects

Stellar Diamonds pays for the Tongo environmental licence

Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces that it has paid US$150,240 to the Sierra Leone Environmental Agency for the Tongo Environmental Licence.

Anglo’s plan to further expand vast iron ore mine in Brazil hits roadblock

Public prosecutor for the state of Minas Gerais, where the iron ore mine is located, ordered the company to reschedule two public meetings as it had failed to inform of it to all communities potentially affected by the planned expansion.

Acacia’s Buzwagi mine in Tanzania to produce just gold bars until it shuts

Gold bars are not impacted by the export ban on gold and copper concentrate imposed by the Tanzanian government in March.

South Africa's Gold Fields says KPMG still external auditors

KPMG cleared out its South African leadership last Friday after it found that work it did for firms owned by the Gupta family, businessmen friends of President Jacob Zuma, "fell considerably short" of its standards.

South African workers union to strike at Petra Diamonds' Koffiefontein mine

The National Union of Mineworkers said on Thursday its members would go on an indefinite strike at the mine over wages, benefits.

Endeavour to add 14 years to Ity mine life as it kicks off plant construction

The Ity mine, in Côte d’Ivoire, has produced more than 1.2 million ounces of gold in its over 20 years of operations.

Indian billionaire Agarwal to be Anglo American’s top shareholder

He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.

Tanzania orders wall built around tanzanite mines, purchases of stones

President John Magufuli also directed the central bank to buy the precious stone to boost reserves — the latest twist in a spat with mining firms over alleged tax evasion.

A day for the zama zamas: Illegal gold mining in South Africa

Zama zamas earn a pittance for work that puts their lives at risk on a daily basis

Stellar Diamonds seeks to fund first post-Ebola mine in Sierra Leone

The operation would be second biggest diamond mine in Sierra Leone.

Glencore strikes multi-year purchase deal with Angola LNG

Angola LNG said the deal was another step toward building its sales book with the most important players in the LNG market.

South Africa labour disputes drag Petra Diamonds shares down

Shares in the diamond miner fell for a second consecutive day after it warned that two of its South african mines had been affected by strikes.

Gem Diamonds finds another huge diamond at Lesotho mine

Finding follows the recovery of five other diamonds of over 100 carats so far this year at the company's flagship Letšeng mine, in Lesotho.

Congo's Gecamines to set new rules on mining proceeds

New controls aims at holding the company's partners, including Glencore, China Molybdenum and Ivanhoe, accountable in copper and cobalt projects

About 2,500 jobs on the line at Impala Platinum’s Rustenburg operations

The miner warned further reductions could be in store at those operations, which employ 31,000 people.

Petra Diamonds may breach debt covenants on troubles in Tanzania

The Africa-focused diamond miner said that would likely happen unless it solves its issues with the government of Tanzania.

Botswana seeks option to buy unusually big diamonds from its mines

Draft bill gives government first option to buy unusually large diamonds found in the country's mines, such as the world's second-biggest 1,109 carat diamond discovered by Lucara two years ago.