Africa Mining News

B2Gold updates Fekola resource in Mali

Less than a year after B2Gold declared commercial production at its 80%-owned Fekola mine, the gold producer has updated the mine’s resource estimate.

Barrick could trade copper mines for gold ones to expand Tier 1 assets

The combined miner plans to focus on Tier 1 assets, those producing at least 500,000 ounces of gold annually, with a mine life of more than 10 years and low costs.

Responsible Artisanal Gold Solutions Forum announces first conflict-free supply chain from Dr Congo Artisanal Gold Mine to retail in USA

With support from USAID, a pilot project was implemented in South Kivu, DRC to establish a conflict-free supply chain for artisanal gold.

Lucapa secures $7m loan to boost Lesotho mine development

First commercial diamonds from the company's 70%-owned Mothae mine expected in early November.

Barrick Gold profit, revenue drop as metal prices weaken

Q3 sees lower profit due to lower prices for gold and copper alongside higher fuel costs.

Mali's first independent power project to start up next week

Full operation begins October 31.

About $5B in assets to be sold due to Barrick-Randgold merger — expert

BMO Capital Markets has flagged a total of 13 mines that could be sold following the $6-billion merger.

Kenya wins case against Cortec Mining on rare earths, niobium licence

Tribunal orders the companies to pay costs of around $3.5 million to the government.

Barrick favors taking back control of Acacia Mining

No final decision has been made, and it’s also not clear whether all three of Acacia’s Tanzanian gold mines will be brought back into Barrick.

De Beers diamond production falls 5 percent in third quarter

The world’s top diamond producer by value attributed the decline to planned volume reductions in Botswana and South Africa.

Iamgold to apply for mining concession at ‘promising’ project in Senegal

Company said feasibility study for its Boto gold asset outlines an economically robust, low cost production project which will produce 140,000 ounces of gold annually on average over a 13-year lifespan.

Congo sets deadline for plan on 11,000-megawatt hydro plant

'There have been tenders, lots of meetings, lots of promotional activities, but it’s only today that we have for the first time a legal document'

Petra Diamonds revenue up as production, sales jump

Revenue rose 22 percent in the quarter to $80.2 million from $65.8 million a year prior, despite diamond prices being 5 percent lower when compared to the same period of 2017.

Lonmin in $200m loan deal with state-backed Chinese company

Under the deal, Lonmin will repay most of the loan by delivering platinum and palladium over a three year period to a subsidiary of Jiangxi Copper, China’s largest copper producer.

Glencore boss Ivan Glasenberg to retire in 3-5 years — report

He is said to have already begun training three to four people to succeed him in the job.

Almost 400,000 migrants left Angola in massive diamond crackdown

The government says that diamonds worth more than $1 million had been seized in the course of Operation Transparency.

Kenya to set up gold refinery to help small miners

The aim of the project is to improve the livelihoods of the beneficiary community and regional economy - Mining Ministry

Acacia threatens Tanzania with legal action as dispute escalates

The company is also seeking direct talks with the country's government, as it's been excluded so far from negotiations between controlling shareholder, Barrick Gold, and President John Magufuli.

Zambia's finance minister says new mining taxes will not hit operations

Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes.

Tanzania anti-corruption body charges Acacia subsidiaries with tax evasion, money laundering

The news comes barely a week after the company said another worker had been released on bail after being charged with corruption.

Botswana Diamonds, Vast Resource JV steps up exploration efforts in Zimbabwe

Decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.

How Nigeria can escape the natural-resource curse

Education and health are the way forward for Nigeria.

Gold Fields CEO asks for `more time' as investors get antsy

Shareholders getting impatient over the Gold Fields failure to stem losses at the huge South Deep deposit in South Africa shouldn’t lose hope.

Congo miners seek concessions in new code as arbitration on hold

They hope they can still wring out a compromise in the world’s main source of cobalt and Africa’s biggest copper producer.

Evicted Kenyans demand compensation after mining firm exits

The East African nation's deposits are often in remote regions where the country's poorest live, but experts say few have reaped the rewards from mining.