Africa Mining News

Here’s why Colombia’s mining sector is losing its shine

Companies are pressing the government to better regulate public consultations and votes on mining projects, as they see legal uncertainty as the industry's main current challenge.

UN troops to tackle violence at Central African Republic diamond mining hub

Only last year CAR was allowed to resume diamond exports after a three-year ban that tried preventing armed groups from financing a bloody inter-religious conflict.

First responsible, conflict-free artisanal gold supply chain operational in Congo

The Just Gold project is the first to successfully trace conflict-free and legal artisanal gold from mine site to export applying regional and international standards.

These 5 trends will boost copper demand

Increasing demand for efficient building systems, electric vehicles and renewables generation could add more than 4 million tonnes of annual copper use by 2030, a study shows.

FLSmidth wins first Operation & Maintenance contract in Morocco

FLSmidth has won a five-year contract from OCP S.A. (formerly known as Office Chérifien des Phosphates) to operate port equipment for handling phosphate, fertilizers, and sulphur.

Chinalco wants to be sole owner of world’s largest iron ore deposit

Move comes barely seven months after Rio Tinto agreed to sell it its stake in Simandou for up to $1.3 billion.

Lucara gets almost $18M for fragment of its massive ‘Lesedi La Rona’ diamond

The 373.7-carat diamond, sold during the Vancouver-based miner’s $54.8 million recent tender, was one of 15 large and high value diamonds offered by the company.

Iron ore to hit $44 a tonne by 2021 — analysts

BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and evidence of Chinese demand cooling earlier than expected.

These were the top producing diamond mines in 2016

Here are the top 10 diamond mines in terms of output in carats and value.

A crude awakening: The global black market for oil

Today’s infographic comes from Eurocontrol Technics Group, and it highlights the global problem of fuel theft.

Iron ore free fall wreaks havoc with main producers

It’s been a bad week for iron ore, with all indices steeply lower on Friday for a second consecutive day.

Lower gold price in rand hurts Sibanye Gold's Q1

A higher South African rand versus the U.S. dollar was to blame for lowering Sibanye Gold's (NYSE:SBGL) net operating profit in the first quarter.

B2Gold has strong start with eye on Fekola for Q3

Mid-tier gold producer B2Gold (TSX:BTO) has had an excellent start to the year, producing more gold at lower costs than expected from its four mines in the Phillippines, Namibia and Nicaragua.

De Beers pioneers research programme to make carbon-neutral mining a reality

De Beers Group today announced it is leading a ground-breaking research project that aims to deliver carbon-neutral mining at some of the company’s operations in as few as five years.

Gem Diamonds found this high-quality 80-carat rock in Lesotho

The D-colour Type-II diamond is one of the highest-quality stones to come out of the company’s Letšeng mine.

Iron ore craters again — down 5% in only 24 hours

In Asia, trading was halted after prices sank 7.3%, which is the maximum a day allowed by Chinese regulators.

Lucara disappoints with lower first-quarter revenues

Quarterly revenues were about half of the revenues posted in the year-ago quarter.

Kinross shares jump 10% on Q1 results

Despite producing less gold, Kinross Gold (TSX:K) made more revenue in the first quarter and is proceeding with an aggressive plan that will slash costs and increase production at its Tasiast gold mine in Mauritania.

2017 global natural diamond production forecasted at 142M carats worth $15.6B

The top 10 largest mines in the world by value produced are estimated to represent 58% of global production.

Centamin shares fall after reporting profit and production declines

Despite the drop in production, the gold miner kept guidance unchanged for its 2017 financial year at 540,000 ounces.

Mining no longer top sector attracting investors to Africa — report

Industrial and precious metals, coal, oil, as well as natural gas, collectively accounted for just 6.2% of foreign direct investment into the continent last year.

Illegal Chinese gold miners blamed for pollution, violence in Ghana

Government officials’ comments add bitterness to the already resentful locals, following wave of negative coverage of Chinese mining practices in the Ghanian media.

Timeline: The adventures of Robert Friedland

Entrepreneur, financier and company-maker.

Stellar Diamonds jumps on Tongo-Tonguma tribute mining agreement

Deal creates one of the largest diamond mines in West Africa.

Norilsk Nickel sues Botswana over thwarted mine stake deal

The Russian miner wants to recover $271 million it lost when a state-backed company failed to complete the acquisition of a 50% stake in its Nkomati mine in South Africa.