Khoemacau mine will initially produce 50,000 tonnes of copper and 1.4 million ounces of silver a year, but future expansions could increase output to at least 120,000 tonnes of copper annually.
Africa Mining News
With six drill rigs currently active on site, and two more to follow soon, Acacia expects to increase the resource to 2 million ounces by the end of the year.
Northam Platinum’s strategy of buying additional mines, as its strives to become a 1-million ounce a year platinum group metals producer, netted it Glencore’s Eland Platinum mine for R175m cash.
The top 10 ranking of the lowest all-in cost gold mines in the world – former US president Herbert Hoover was once in charge of no. 8 on the list.
The Gochagar Lake project, until now property of Diamond Hunter, consists of four claims covering 3,759 hectares located in northern Saskatchewan.
The target group was the the top diamond consumer in 2015, a year in which most commodities plummeted, hitting the mining industry very hard.
A drill program at the mine's North Kao deposit has added 262,000 ounces to the reserves, extending Karma's life to more than 10 years.
Miners and explorers are only spending a third of what they did four years ago – and proportion of greenfield exploration are at record lows.
The company originally intended to combine its Tongo project with Tonguma, but it has now decided to become the mine's operator.
The world's No.1 iron-ore producer recorded a net profit of $3.98 billion in 2016, a significant recovery from a loss of $12.13 billion it reported a year earlier.
A surge in commodity prices combined with its multibillion-dollar asset fire-sale has put the company in a position to pay big dividends and explore acquisitions.
Work on AngloGold Ashanti's Mponeng gold mine in South Africa started in 1981 – a brownfield expansion project will extend the mine's life beyond 2050.
The world's number five diversified miner posted its first annual net profit in five years.
Sherritt's dream of lifting Madagascar out of poverty and making a handsome packet for itself from the proceeds of a huge nickel mine appear to be in jeopardy.
RCS Global and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) have launched the first universal framework designed to improve how governments manage artisanal and small-scale mining.
The world’s No.1 iron ore miner produced 349 million tonnes of the steelmaking ingredient in 2016, helped partly by the opening of its massive S11D mine.
Majors and juniors swap roles in $7 billion a year mining exploration sector
The Anglo American's unit logged earnings of $607 million for 2016, basically double the $304 million it recorded in 2015.
Big, valuable gemstones that may eventually get cut into smaller diamonds keep getting discovered in Angola.
Glencore is upping its presence in the African mining landscape through the purchase of stakes in two mines it already partially owns.
The miner attributed the good results to higher metals prices, increased gold and copper output and productivity improvements.
A leaked White House memo, which outlines the suspension of a portion of the Dodd-Frank rule on ‘conflict minerals’, will exacerbate already high levels of violence in DR Congo.
Until 2014 Thabazimbi was a captive mine owned and run by SIOC, but supplying ore exclusively to and funded by AMSA.
While iron ore prices have climbed 90% in the last year to over $80 a tonne, the sale of Kumba would prove prudent for Anglo's long-term outlook, given its high debt load, BMI analysts say.
Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.