Africa Mining News

New gold mine in Côte d’Ivoire declares commercial production

Ramp-up of operations at the Sissingué gold mine was completed ahead of schedule.

Post-Mugabe Zimbabwe mining rush leaves big producers behind

The government says mining commitments reached as much as $6 billion since Mnangagwa’s appointment.

Randgold's African mining acumen is being tested on all fronts

Randgold shares are now among the worst in the industry, sinking 20 percent so far this year.

Cradle Arc to boost copper output in Botswana from April

Copper producer Cradle Arc is increasing output to 12,000 tonnes per year at a Botswana mine it has restarted.

Murray & Roberts scores $313 million worth of new mining projects

South African engineering and construction group, currently subject of a takeover bid from Germany’s ATON, said projects were located in sub-Saharan Africa, North America and Australasia.

CHARTS: Mining rally running out of steam as copper price weighs

Cobalt, nickel still on the boil, but gloomier outlook reflected in copper price and fall in market value of top mining companies during first quarter.

Randgold Resources Tongon mine in Ivory Coast hit by strike

Recurrent industrial action by the workforce of a subcontractor it's jeopardizing Tongon's 290,000-ounce production forecast.

Investment in Africa’s mining sector to rise: BMI

BMI presents the recent changes to the DRC’s mining code as an example of a situation that challenges all the parties involved, but that is very unlikely to cloud miners’ interest in venturing in the country.

Artisanal gold miners in Nigeria seek government help

They want to operate under conditions that allow them to take better care of the environment and contribute to the local economy.

Anglo American ordered to halt Brazil ops again after leak

A document by Brazilian environmental watchdog Ibama seen by Reuters said Anglo American would only be allowed to resume operations once it demonstrates the pipeline's security.

Illegal gold miners invade Grace Mugabe’s farm

Mugabe was touring the farm when she ran into the miners.

East Africa Metals and Luck Winner fail to agree on Ethiopian projects financing

“Despite the best efforts of both parties, negotiations failed to define a viable transaction," management said in a media statement.

Randgold reports record year

At year-end, the company had net cash of more than $700 million and no debt.

Miners ask Congo to introduce sliding royalty scale

The proposal, signed by companies responsible for 85% of the DRC's copper, cobalt and gold output, suggest that sliding royalties will give the government a higher share of revenues.

Canada’s Asanko, South Africa’s Gold Fields team up in $203m Ghana JV

Companies are teaming up to develop one of the country’s newest gold mine, the Asanko Gold Mine (AGM).

Barrick Gold founder Peter Munk dies at 90

The company said its founder and chairman emeritus, Peter Munk, passed away Wednesday in Toronto, surrounded by his family.

Digging for cobalt riches: Congo races to fix a deadly problem

The man was digging a toilet in his backyard when his shovel struck a shimmering blue vein of cobalt... At least that’s the legend in Kolwezi.

Sibanye-Stillwater partners with Wits to create the 'mine of the future'

In partnership with the Wits Mining Institute (WMI) at the University of the Witwatersrand, the company launched the Sibanye-Stillwater Digital Mining Laboratory (DigiMine).

DRDGold okays Sibanye-Stillwater $110 million-assets exchange deal

South Africa’s top gold producer has secured a 38% stake in DRDGold in exchange for some of its assets, which boosts the mid-tier gold miner’s reserves by 91% to 5.7 million ounces.

A little-known cobalt miner wants to out-produce everyone except Glencore

New output from Congo means the supply of cobalt could exceed demand for a few years, as it did narrowly in 2017.

Botswana's Debswana says expects further rise in diamond output

Debswana expects growth this year as lower taxes in the US leave consumers with more to spend on luxury goods.

Kinross Gold settles charges over anti-corruption rules: SEC

Kinross Gold to pay $950,000 to settle civil charges that it failed to ensure its payments in Africa were not being used to bribe government officials.

Platinum mines in the world's top producer are shrinking

Producers in South Africa are closing shafts and cutting jobs as a stronger rand combines with stagnating prices for the metal in squeezing profit margins.

Congo's 2017 mining revenue up 36% while oil revenue doubles

Mining revenue in the fourth quarter more than doubled helped by higher prices for key exports such as copper and cobalt.

Two risks threaten commodities, one bullish, one bearish: Russell

The are two main factors that appear to be emerging that may threaten an end to the current quite rosy picture surrounding demand for commodities such as iron ore, steel and the metals most exposed to the battery boom, cobalt, lithium and nickel.