Unsafe operating conditions in an unsanctioned gold mine have claimed at least 20 lives in the Democratic Republic of Congo.
Africa Mining News
According to the country's chamber of mines, more than a million artisanal miners currently work at about 350 sites, producing between 10 and 15 tonnes of gold a year.
In 2016, the diamond industry has been marked by the follow-through of actions taken by De Beers, ALROSA and Rio Tinto to curtail global supply.
Chinese steel firm Shandong Iron and Steel Group plans to invest $700m iron ore processing plant at its Tonkolili mine in Sierra Leone.
BSGR will sue Rio Tinto in the English High Court to recover losses allegedly caused by Rio's actions, which run to several billions of dollars.
The country's uranium output is expected to triple in 2017 as the massive Husab mine begins production.
Mine is set to start operations by the end of the year, with first shipment set for January 2017.
Together with reducing Sibanye’s dependence on its aging South African assets, the deal will make the company the world's third largest palladium producer, the company said.
Humans will do almost anything for gold. In fact, they will even suspend themselves 2.5 miles into the Earth – braving extreme temperatures, armed thieves, and constant seismic activity – just to mine a 30-inch gold reef.
Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.
While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.
Global rough diamond production will reach its peak in only three years before entering into a supply deficit by 2020, two separate reports show.
Kumba Iron Ore, a business unit of Anglo American has been named as one of the Carbon Disclosure Leaders for 2016 by Engaged Tracking (ET) Index Research and the only company from the BRICS region on the list in its annual ET Carbon Rankings, released on 5 December.
Transactions must be fully backed by physical metal and settled on the same day to observe Islam's distinction between real economic activity and speculation.
Situation has worsened as a result of a shortage of new discoveries, cost cutting measures and miners digging out higher-grade material for a short-term gain, say experts.
Completing the $264-million mine will boost the platinum reserves of Zimplats from 3 million to 9 million ounces.
Cameroon is allowing conflict diamonds from the Central African Republic to cross over its borders and into the legal supply chain due to poor controls, smuggling and corruption, a new report shows.
The auction of emeralds from the miner's Kagem operation in Zambia will now be in February.
A legal claims against BCL in the Botswanan courts and in the London Court of International Arbitration to recover the USD 271.3 million
Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.
Southern Africa finds itself at the center of the offshore bulk sediment mining debate as international companies rush to strip mine phosphate deposits in coastal waters of South Africa and Namibia.
World number two miner acquired Southern African coal assets for $3.7 billion in 2011 – sold it for $50 million three years later.
Project funding would be main priority, says Moody’s.
The miner said the decision applies to the entire 3,000 square kilometer Lulo site, a project that has bored some massive gems, including the largest diamond ever found in Angola.
The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.