Africa Mining News

South African diamond fetches half a million dollars

The gem was sold on tender for $11,267 per carat.

Indian billionaire Anil Agarwal's moves on Anglo

Billionaire Anil Agarwal in July said he planned to offer around $1 billion to take London-listed Vedanta Resources Plc private, a move that has rekindled speculation his ultimate aim is a deal with miner Anglo-American.

Chinese investors plan $10 bn metallurgical complex in South Africa

South Africa's President Cyril Ramaphosa on investment drive.

Rainbow Rare Earths reports 180% increase in concentrate sold from previous quarter

Rainbow, the rare earth element mining company, is pleased to announce an operations update from its Gakara Project in Burundi ('Gakara') for the three months to 30 June 2018.

More than 100 South African gold miners treated for smoke inhalation

Hundreds of South African gold mine workers were rescued and over 100 treated for smoke inhalation after an underground fire.

Platinum's worst may soon be over despite record bearish bet

Platinum’s near the lowest in a decade and hedge funds have never been so bearish -- and that could be good news for prices.

3 ways to continue mining's journey toward sustainability

Despite the fact that sustainable mining practices have been a concern for more than 50 years, they are now more important than ever and technology will be the driving force behind the effivient and sustainable delivery of raw materials.

Base Resources posts record quarterly rutile production in Kenya

Base Titanium posts record quarterly production of the mineral rutile in Kenya.

South African gold producers urge unions to narrow demands as third set of wage talks fail

Four companies are negotiating - Sibanye-Stillwater , Harmony Gold, AngloGold Ashanti and a smaller producer, Village Main Reef- under the auspices of the Minerals Council South Africa industry group.

Wheaton closes streaming deal with gold miner Sibanye

The Canadian streaming firm has bought all of Stillwater's gold production for the life of the mine and, initially, also 4.5% of its total palladium output.

Kibali gold mine aims at record output after underground ramp-up

DRC's Kibali is moving from underground mining by contractors to owner-mining, as has already happened at the company’s Loulo mines in Mali.

Kumba brings in targeted dividend policy, flags SA rail issues

The iron-ore mining company is introducing a targeted dividend ratio policy of 50 to 75% of headline earnings.

AngloGold says there's no escaping demise of South African gold

Output will continue to shrink as miners chase ever-deeper ore bodies while struggling to keep costs down.

South Africa's Harmony says FY output exceeds guidance

South Africa's Harmony Gold said on Monday annual bullion production for 2018 has exceeded its guidance, boosted by its Moab Khotsong operation.

Petra shares drop after it cuts 2019 diamond production forecast

The miner said it expects to produce 4.6 million to 4.8 million carats in 2019, well below the 5.0-5.3 million carats it forecast in July last year.

Barrick’s Dushnisky quits, becomes AngloGold new CEO

Dushnisky will join AngloGold in September, ending the search to replace Srinivasan Venkatakrishnan, who left the world’s third-biggest gold miner in April to run India’s Vedanta.

Acacia boss is getting frustrated waiting for Barrick Solution

It’s been a year since Acacia Mining Plc’s majority shareholder started talks on its behalf to end a standoff with the Tanzanian government.

AngloGold Chairman warns South Africa on ‘reckless’ mining rules

The latest Mining Charter doesn’t provide solutions to the industry’s challenges and will make it difficult for companies to buy and sell assets.

Miners wrote off almost one-third of investments over last decade

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.

Guinea's mining minister says there will be Simandou deal, talks go on

Guinea is in constant talks with Rio Tinto and Chinalco to finalise a deal on the Simandou iron ore project, its mining minister said on Tuesday, adding he was confident an agreement would be reached. […]

South Africa gold producers offer single-digit hikes — document

Producers have been giving above-inflation wage hikes for years, adding to the cost burden of an industry that has been battling in the face of depressed prices, labour unrest and soaring power bills.

Lincoln Strategic International expands operations to Africa – Charles Matthews to lead

Lincoln Strategic International announced today the expansion of its service offerings with the launch of LSI Africa, which addresses the human capital acquisition and management issues faced by mining companies, project consultants and investors in Africa

South Africa's Solidarity union to agree wage deal with Eskom

South Africa's Solidarity trade union will accept a three-year wage offer from state-run power utility, Eskom.

South Africa's Amplats, PIC create venture fund to lift PGM industrial demand

The world's no. 1 platinum producer has spun off an internal fund and invested $100 million in a new venture capital fund

S. Africa unions decry fatalities as six die at copper mine

South Africa’s mining industry is heading for the deadliest year since 2012 after six people died in an underground fire at Palabora Mining.