Africa Top Stories

Russia-Zimbabwe platinum venture needs $500 million for first phase

At a production rate of 3.5 million tonnes a year,…

Ebola concentrated in Congo mining area, still an emergency — WHO

Fifteen new confirmed cases were reported in North Kivu and…

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Aquarius Platinum: 1,000,000 fatality-free shifts at both Kroondal and Everest

Aquarius Platinum South Africa (Proprietary) Limited ("AQPSA") is pleased to announce that two of its operations have simultaneously achieved one million fatality-free shifts. The Everest Mine reached this milestone on 1 March 2011 for the first time since commencing operations in 2004, while the Kroondal Mine achieved it once again on 4 March 2011.

SEMAFO Discovers New Gold Zone With 2.27 g/t Au Across 54 Meters

SEMAFO (TSX:SMF) today announced the discovery of the new Yaho gold zone, located 4.5 kilometers southwest of the Fofina zone and 20 kilometers southwest of the Mana Mill in Burkina Faso. Three Reverse Circulation ("RC") drilling sections were carried out to date across this wide alteration zone with each section returning wide, significant grade intervals such as 2.27 g/t Au across 54 meters (hole MRC10-540 - section 15450N), 2.00 g/t Au across 20 meters (hole MRC10-542 – section 15450N), 1.37 g/t Au across 16 meters (hole MRC10-514 – section 15650N), 4.59 g/t Au (10.73 g/t Au uncut) across 10 meters (hole MRC10-526 – section 15850N), and 1.88 g/t Au across 88 meters (hole MRC10-529 – section 15850N).

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SA gold output volumes rise 15.1% in January

South Africa's gold output rose 15.1 percent in volume terms in January while total mineral production rose 4.3 percent compared with the same month a year earlier, data showed on Thursday.

Institutional support for Rio Tinto offer is growing – Riversdale CEO

Institutional shareholders in Riversdale Mining are moving toward backing global miner Rio Tinto's sweetened A$3.9 billion takeover offer for the Mozambique-focused coal miner, Riversdale's chief executive said on Thursday. Rio Tinto raised its offer to A$16.50 a share on Thursday in a final bid to woo key shareholders who have held up the deal, and extended the offer for a third time, to April 1.

Miners in South Africa could face lawsuits from workers

The Constitutional Court in South Africa has kicked open the door to class-action lawsuits against mine owners. The lawsuits could cost miners billions of rand after the court ruled yesterday that mineworkers who had been laid off because of occupational diseases can sue their employers, Business Day reported: The court handed down judgment in the matter of Thembekile Mankayi, who had sued AngloGold Ashanti for damages of R2.6m. Mr Mankayi passed away last Friday of lung disease.