The firm also said it would continue to invest in exploration, which remains the engine that drives its business.
DRC Mining News
Randgold Resources chief executive Mark Bristow said the mine’s expansion and upgrade projects had now been completed.
Randgold Resources has expanded its operations in Congo following the success of the Kibali gold mine, which will lead to the miner exceeding its full year production guidance for the mine in 2015.
The agreement with Windmill, a private fertilizer producer in Southern Africa, is expected to bring in net revenue of $300,000.
The company will start cutting nearly 80% of its workforce at its Collinsville coal mine in March next year, as it dials back mining at the site.
The firm, debt-free despite current market conditions, mined a record 305,288 ounces in the third quarter, up from 299,320 a year earlier.
Avalon Rare Metals expects to publish the project's Preliminary Economic Assessment by the end of the month.
The stock ignored news from Zambia where President Edgar Lungu said he would not allow the firm to lay off workers at its Mopani Copper Mine, as it mothballs it for 18 months.
The Vancouver-based miner estimates that Kamoa, discovered in 2007, holds the equivalent of at least 45 million tonnes of pure copper.
The mine produced 526,627 ounces in its first full year of operation in 2014, and was expected to yield 600,000 ounces this year.
The contract will give the company, which wants to become a one-stop shop African fertilizer business, a platform to distribute the product across eastern and southern Africa.
The alleged deals involve Glencore's Collahausi mine in Chile, as well as Antamina and Antapaccay copper mines in Peru.
The share sale is set to reduce the company’s net debt by a third to around $20 billion by the end of 2016.
Mounting pressure from investors has forced the firm to come up with a $10 billion package of debt-reduction measures.
The company plans to create a vertically integrated operator to tap into a region that buys in an estimated 10 million tonnes of fertilizer a year.
New data by International Copper Study Group predicts copper mine output will grow 5.7 million tonnes by 2018 as Peru, Zambia and Mexico ramp up production.
The deal increases Chinese miners presence in Congo, which is Africa’s top copper producer and the world’s largest producer of cobalt.
Conflict mining remains an important issue, and one we are beginning to see governments step in to address in different ways.
The miner is spending $1.3 million in exploration work aimed to reopen a historic tin-indium mine in Nova Scotia.
It also plans to review the legal status of the joint venture, while it negotiates with Ivanhoe to raise its stake to 20% from the current 5% it holds.
The goal is to facilitate the mining, production and distribution of the fertilizer in Eastern and Southern Africa.
An annual list that reveals the names of mineral smelters that do not use raw materials linked with criminal gangs is at the heart of Europe’s push to clean up the world’s mining industry.
Insufficient evidence against Argos-Heraeus.
Conflict-Free Sourcing Initiative Expands Geographic Scope, Adopts Risk-Based Approach
THEnergy observes increasing interest in storage solutions from industrial off-grid end-customers and project developers.