Africa Mining News

West Africa — an emerging gold exploration investment hotspot

Data shows West Africa has the biggest growth rate in the yellow metal’s resources in the world.

Petra Diamonds shares jump on 425-carat discovery at Cullinan

The discovery comes less than a month after Petra found a 100.83 carat gem-quality diamond at the same mine.

Golden Star boosts Ghana gold resources despite depletion

The company has increased its overall reserves by 6%, net of mining depletion.

Southern Madagascar emerging as global hub for battery-suitable graphite

Recent exploration in Southern Madagascar has identified the Ampanihy structure zone as what could soon become a global hub of battery-suitable graphite.

South African mining charter challenge dents Ramaphosa plans

South African mining companies are challenging parts of a government charter aimed at redistributing the country’s mineral wealth, saying it will deter new investment in the industry.

Firestone Diamonds halts Liqhobong mine expansion plans, limits losses

The Africa-focused diamond miner said current market conditions didn't support expansion project at the Lesotho mine.

AngloGold approves underground expansion of Tropicana mine

Work is scheduled to begin in the June quarter, with first gold expected in the second half of 2020.

Bell tolls for gold mine that once powered South African economy

Sibanye Gold Ltd. has decided that it won’t extend the life of Driefontein, once the biggest mine on the continent.

African mining firms seek charter changes over past black ownership deals

Companies have requested a judicial review of South Africa's 2018 mining charter to change clauses related to transactions made in the past to increase black ownership.

South Africa's Sibanye-Stillwater will consider changing primary listing

The precious metals producer is looking into opportunities in gold and the battery metals sectors.

UNEP, ethical investors join miners' quest for global tailings rules

Currently there are no set of universal rules defining exactly what a tailings dam is, how to build one and how to care for it after it is decommissioned.

More than a third of gold mines in Congo exposed to Ebola — report

In its current form, the epidemic won’t impact the nation’s cobalt production, as the vast distance from the Katanga region largely prevents its spread, says global risk consultancy Verisk Maplecroft.

B2Gold to invest $50 million in Fekola mine expansion

It could take the Malian mine gold output to 7.5-million tonnes a year from the current 6-million tonnes.

Flaws in South Africa's mining royalties system brought to spotlight

The key risks identified include lack of adequate community engagement and mining companies entering revenue-sharing agreements with select members of the community.

Lonmin warns on cash woes, urges shareholders to back Sibanye takeover

Lonmin Plc has been cutting spending to conserve cash and retain a positive balance sheet required by conditions of South Africa-based Sibanye's offer.

Caledonia Mining to expand gold exposure in Zimbabwe

The company is sufficiently confident Zimbabwe will recover from its problems to re-invest on a modest scale.

30 countries face higher resource nationalism risk — report

On the upside, the RNI report shows that 24 nations have seen improvements in their index performance.

Mali forecasts gold production to drop 3 pct in 2019 — mines ministry

AngloGold Ashanti's joint venture Sadiola mine expects its gold output to drop by 50% this year.

Vedanta Resources appoints new CEO for Zambian unit KCM

Vedanta has appointed Christopher Sheppard as the new chief executive officer for its Zambian unit Konkola Copper Mines.

Amnesty accuses electric vehicles makers of using unethically sourced minerals

The problem, says Amnesty, is that no country legally requires companies to publicly report on their cobalt supply chains.

South African court rules extension of wage agreement to AMCU valid and lawful

South Africa's labour court has ruled that the extension of a wage agreement to cover all gold unions and non-unionised employees of Sibanye-Stillwater is valid and lawful.

Petra Diamonds keeps founder Pouroulis as chairman

The diamond miner said the appointment of a new chair was "not appropriate" at this time.

Endeavour pours first gold at Ity CIL project

The company has poured its first dore bar from its Ity carbon-in-leach project four months earlier than planned and under budget.

Two killed in accident at Glencore's Zambian mine

The company has suspended production pending investigations.

South Africa faces sixth day of blackouts as Eskom stumbles

The staggered power cuts are crippling businesses and leave roads gridlocked in cities throughout Africa’s most-industrialized economy.