Africa Mining News

ArcelorMittal South Africa to sell stake in Macsteel, shares rise

ArcelorMittal's South Africa unit will sell its 50 percent stake in trading and shipping company MIHBV to its joint venture partner MacHold.

Guinea retains mining minister in cabinet reshuffle

Guinea’s President Alpha Conde appointed a new 33-member cabinet in which Abdoulaye Magassouba was retained as mines and geology minister.

Gold juniors’ Q1’18 fundamentals

Juniors are ready to soar when gold sentiment turns.

Militia kills five in attack on Banro Corp's east Congo gold mine

Fighting between the Congolese army and a local militia in eastern DRC forced Banro to suspend operations at the Namoya gold mine for a month in mid-2017.

Electric vehicles seen driving cobalt crunch by mid-2020s

Demand for electric vehicles, using cobalt in batteries, could spark a deficit of cobalt as soon as 2022.

Agarwal wants to build Indian commodity giant to rival majors

Despite its insatiable appetite for materials, India is yet to impose itself among the mining heavyweights like Australia, China or even the U.K.

Report: Mining needs $100–$150 billion to meet EV demand

McKinsey asks if the availability and rising prices of cobalt, lithium, copper and nickel will constrain greater electric vehicle penetration.

Mining capital projects: Are you ready for the next CapEx investment cycle?

With new technologies providing opportunities for growth, mining companies are preparing to launch into a new wave of investment.

Petra Diamonds says it urgently needs to raise $178m to cut debt

Petra has been hit by production delays, strikes, a confiscated consignment of diamonds and a strong South African rand.

Sibanye-Stillwater accuses union of following ‘agenda’ to harm reputation

The Association of Mineworkers and Construction Union (AMCU) said the company failed to take precautions two avoid injuries at its mines earlier this week.

World's No. 1 diamond jewellery retailer joins De Beers tracking pilot

Signet Jewelers is the first diamond ornaments maker to join De Beers-led blockchain pilot program, Tracr.

AngloGold Ashanti to axe 2,000 jobs as it shrinks footprint in South Africa

The company’s remaining South African assets are the Mponeng underground gold mine, and a surface operation.

Iron ore market dynamics are shifting beneath calm facade: Russell

Structural changes in the world's biggest importer, China, are re-shaping how the industry works.

Gem Diamonds finds ninth big diamond from Letšeng

With the discovery, the miner has already exceeded the total number of diamonds of over 100 carats recovered in 2017.

Lucapa on a roll, finds 25-carat yellow diamond in Lesotho mine

Stone was recovered from the Neck zone of the Mothae kimberlite, not part of the current one-million carat Joint Ore Reserves Committee-compliant resource.

It’s not about scoring the big win, it’s about not backing losers

MINING.com discusses the state of private equity investment in mining with Michael Scherb founder of Appian Capital.

Cobalt price: Congo ebola outbreak compounds acute supply fears

WHO: Risk of international spread of deadly disease from Congo, responsible for 66% of global supply of critical battery raw material, is "very high".

Australia's Prospect Resources closing in on Zimbabwe lithium financing

The Australian-listed company expects to secure more than $55 million in funding for the first phase of the Arcadia Lithium project.

Zimbabwe will not require foreign mining companies to list locally

Zimbabwe will remove the clause from a mines amendment bill now before parliament, the mines minister said on Friday.

Gemfields driving proof of origin and greater transparency for coloured gemstone sector

The coloured gemstone sector has no system, globally at scale, that allows gemstones to be confidently traced from mine to market.

PLATINUM WEEK-Sibanye CEO confident of Lonmin takeover despite cash burn

Key to closing the deal is Lonmin maintaining its net cash position and achieving certain production targets.

Thor Explorations says results of test work at Segilola better than expected

The testing is part of the definitive feasibility study (DFS) for the project, poised to become Nigeria's first large-scale gold mine, and which is expected to come online in early 2020.

Glencore drops as British regulators looming probe adds to Congo issues

Britain’s Serious Fraud Office plans to open a formal bribery investigation into Glencore and its deals with Israeli billionaire and former partner Dan Gertler.

Zimbabwe lithium excites but projects face funding hurdle

President Emmerson Mnangagwa has been trying to shore up foreign investor interest in a country rich in mineral resources but starved of capital.

Tanzanite miner gets bill as Tanzania cracks down on lost mineral revenues

Tanzanian gemstone miner Tanzanite One has agreed to pay compensation and overdue taxes to the government after violations led to losses in public revenues.