Africa Mining News

South Africa labour disputes weigh on Petra Diamonds results

Labour disputes earlier in the year caused delays in the building of a new plant in its Cullinan mine in South Africa.

UK Serious Fraud Office launches probe into Rio Tinto over Simandou

"Suspected corruption in the conduct of business in the Republic of Guinea by the Rio Tinto group, its employees and others associated with it."

Acacia Mining now hit with $190 billion tax bill in Tanzania

Shares collapsed on the news to close almost 21% lower in London. Barrick, which has a 64% stake in Acacia, also fell in both Toronto and New York.

Toronto firm closing South African platinum mine

The Bokoni mine, a joint venture between Atlatsa and Anglo Platinum, produces around 150,000 ounces of platinum group metals per year.

New African rare earth mine to start production by year-end

Gakara mine, which operated for 30 years until 1978, is expected to restart commercial production in the fourth quarter of the year.

Tanzania officials question Acacia Mining staff in legal spat with Gov’t

Early reports claimed that Tanzania had asked foreign workers of the gold miner to leave the country, but a spokesperson for the company denied that story.

South Africa intends to suspend issuing mining rights

South Africa intends to suspend the granting of applications for prospecting and mining rights as well as any renewals pending a court case to review new mining laws, the Mineral Resources Minister Mosebenzi Zwane said on Thursday.

Clean energy transition to increase demand for minerals — World Bank

Big winners will be aluminum, copper, lead, lithium, manganese, nickel, silver, steel, and zinc and rare earth minerals such as indium, molybdenum, and neodymium.

Two injured in electrical fire at Congo's Tenke copper mine

Two employees at the Tenke copper mine in Democratic Republic of Congo suffered minor injuries in an electrical fire at the weekend.

World's second-largest diamond 'too big' to sell

Lucara Diamond’s Lesedi La Rona is said to face challenges other rock never do, including its multi-million-dollar price tag and a risky polishing process that can take months or years.

Botswana Diamonds jumps on prospecting licence expansion

Vutomi licences were extended into additional area of mineralization adjacent to the firm’s Frischgewaagt project in South Africa.

Potash plan prompts $98 million road link in horn of Africa

Djibouti contracted a Kuwaiti company to build a $98-million road link to enable landlocked Ethiopia to ship its first potash output from a new Red Sea port.

Botswana Diamonds soars on lucky find at South Africa’s Ontevreden

The company identified a group 2 kimberlite pipe in an area known by its high-grade diamonds.

South Africa halts new black ownership rules for mines

The suspension follows a pending a judgement in an urgent interdict application by the country's Chamber of Mines.

Acacia agrees to pay higher taxes set in Tanzania new mining law

It means that the miner, which had revenue of $1bn last year, will pay about $31 million extra in royalties a year.

AngloGold taking Tanzania to UN court over country’s new mining law

The miner said it continues to seek a “constructive dialogue” with the country's government to gain assurance that its operations will not be affected by newly enacted mining law.

Congo revamps Inga hydro project in bid to make it economical

Democratic Republic of Congo has decided to more than double the size of its planned Inga 3 hydroelectric plant to make it more economical, after the $14 billion project was hit by financing problems.

Nexus Gold acquires 3rd gold project in Burkina Faso, West Africa

The Rakounga Gold concession is a 250 sq km property contiguous to the company's 2nd gold project — Bouboulou.

Private capital says no to mining

Study shows Q2 2017 new private capital for natural resources investment dropped to lowest since 2011 and not a single mining fund were able to raise money.

Russian state corporation suspends $1.2 billion uranium project in Tanzania

Weak uranium market and new Tanzania’s regulations named the main culprits.

Banro resumes operations at Namoya after militia violence prompted halt

While the kidnapped drivers have been released it’s still uncertain where they are and what happened to their trucks.

Kumba announces appointment of new CFO

Kumba Iron Ore Limited today announces the appointment of Mr Bothwell Mazarura as Chief Financial Officer and Executive Director, effective 1 September 2017.

Congo requests financial support from donors amid economic crisis

Democratic Republic of Congo's government has formally requested financial support from international donors as it confronts a worsening economic crisis, a letter seen by Reuters on Thursday showed.

Ghana calls off search for 17 trapped illegal miners

While major global companies are part of Ghana’s mining sector, illegal gold extraction is a chronic issue in the country and deadly accidents are frequent.

Another huge diamond unearthed in Lesotho mine

The 126-carat is the latest in a string of major discoveries Gem Diamonds have made at Letšeng this year.